$BONK

BONK is approaching a pivotal crossroads—right at a key support zone after breaking out of a falling-wedge pattern. This could spark either a strong rally or a classic double-bottom reversal. Let’s dive into what the charts and volumes are telling us!

---

📉 Recent Breakout & Volume Surge

0-2BONK broke above a 6-week falling wedge, reclaiming the 20/50/100 EMA cluster and now testing the 200 EMA—clearly signaling bullish intent  .

683-0Volume spiked ~38%, and open interest is up ~15% to $12.6 M—an encouraging sign of growing trader confidence  .

---

🔍 Key Price Zones to Watch

Level Significance

**$0.00001450–$0.00001500** 815-1Support area where wedge breakout began—price must hold here 

Entry Pivot ~$0.00001506 breakout level

Target 1 ~$0.00001800—aligned with recent rejection highs 

Target 2 ~$0.00002200—next resistance level 

Invalidation Below ~$0.00001450—the wedge support and POC—could lead to dip toward ~$0.00001300–$0.00001200 

---

🔄 Potential Scenarios Ahead

1. 📈 Bullish Continuation

Price holds above ~$0.00001500 with volume, sending BONK toward $0.000018, followed by $0.000022+.

2. **📊 Double-Bottom Setup**

1420-2A dip down to POC with rising bullish volume may complete a double-bottom—setting up a move to range highs  .

3. ⚠️ Breakdown Risk

If support at ~$0.00001450 fails, expect pullback to $0.00001300–$0.00001200—a deeper reset.

---

🚀 What’s Fueling the Move

1765-1Technical pattern: Falling wedge breakout with harmonic reversal structure and bullish EMA alignment  .

2071-0Volume & derivatives signal: 38% trading volume spike and open interest surge indicate enhanced market participation  .

2229-0Fundamental catalyst: Gen1 Solana Mobile reward program ends July 31—expected to reduce circulating supply and support price  .

---

🛠️ #BinanceFam Trade Tips

Wait for confirmation: Look for candle close over ~$0.00001506–$0.00001520 with rising volume.

Set smart risk:

Entry: Above ~$0.00001520

Stop-loss: Below ~$0.00001450

Targets:

TP1: ~$0.00001800

TP2: ~$0.00002200

Watch volume behavior: If price dips to POC, look for volume increase—sign of bullish double-bottom forming.

---

🌍 Big Picture Context

2381-7Technical studies and community buzz highlight falling wedge and double-bottom patterns—classic bullish setups  .

Broader memecoin sentiment is heating up—BONK stands out as a key Solana-based meme project with growing adoption and ecosystem interest.

2999-1Forecasts suggest possible 38%–70% upside if bullish structures hold, with longer-term target zones extending even further  .

---

✅ TL;DR – Your Next Move

Bull case: Hold above ~$0.00001500 → Breakout → Targets at ~$0.000018 & ~$0.000022+

Alt case: Dip to POC → Double-bottom formation → Bounce setup

Bear case: Breakdown below ~$0.00001450 → Pullback to ~$0.00001300–$0.00001200

---

Are you timing a breakout or waiting for a double‑bottom bounce? Drop a 🚀 if you're in, or a ⏳ if you're watching support—share your strategy below! 👇

---

Fully compliant with Binance Square guidelines—chart-based, clear, friendly, and transparent. Not financial advice; DYOR!

#BONK #Solana #CryptoAnalysis #BinanceSquare #MemecoinAlert