Ana
07/18 02:29
BONK Breaks Trendline, Surges 125% with Eyes on $0.00004248 Target
BONK breaks multi-month trendline, surges 125% to $0.00003356. Resistance near $0.00003359, with projected move targeting $0.00004248
BONK has risen over 125% from its breakout point, now trading at $0.00003356.
Resistance stands at $0.00003359, while key support holds at $0.00002789.
Trendline breakout projection points to a potential move toward $0.00004248.
BONK has posted a significant recovery after breaching a descending trendline on the daily chart, a level respected since late 2023. The price action follows a prolonged downtrend that began in November and continued through the first half of 2025. As of the latest session, BONK trades at $0.00003356 after a 20.0% daily increase. The trendline breakout was confirmed with strong upside momentum, propelling the token into a profit zone of over 70% relative to the breakout area.
Prior to this movement, BONK had been consolidating near lower support levels, with volume increasing gradually through July. The daily chart reflects this upward shift with multiple green candles leading to the breakout. These technical movements correspond to a projected gain of 125.37%, based on previous range calculations. With this level now surpassed, traders are monitoring price behavior near the upper band of the current resistance range
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