Yello, Paradisers! Is #BONK about to explode higher after weeks of consolidation? A powerful shift is underway—and the bulls might just be waking up at the perfect time.
💎#BONKUSDT is beginning to show a notable short-term trend reversal, with a double bottom pattern now confirmed. This structure signals a potential end to the recent bearish control, and price action is now pressing against the descending trendline resistance. A successful breakout here could completely flip market dynamics in favor of the bulls.
💎Following a minor round of profit-taking at the descending resistance, BONK pulled back toward the previous breakout support. That retracement brought the price right back into the key supportive range between 0.00001550 and 0.00001425, where it's now starting to bounce again. Notably, the EMA-50 has aligned perfectly with this support zone, adding strength to the reaction from this area.
💎BONKUSDT's next challenge lies at 0.00002000 to 0.00002100—a major descending resistance level that has capped upside since December 2024. Breaking above this structure would be a critical bullish breakout, potentially unleashing the next wave of upside momentum.
💎If bulls push through this barrier, BONK is expected to move toward the next moderate resistance at 0.00002500 to 0.00002750. This area aligns with the measured target of the double bottom formation. However, if bullish strength continues to build, BONK may even extend toward the strong resistance between 0.00003400 and 0.00003700, where the 50% Fibonacci retracement also resides—a historically significant level for potential trend reversals.
💎Adding to the bullish case, the 12-hour EMA-50 and EMA-200 are now converging toward a possible Golden Cross. If this cross confirms, it could serve as a major technical catalyst for a broader trend reversal and further upside continuation.
Paradisers, strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler.
MyCryptoParadise
iFeel the success🌴
💎#BONKUSDT is beginning to show a notable short-term trend reversal, with a double bottom pattern now confirmed. This structure signals a potential end to the recent bearish control, and price action is now pressing against the descending trendline resistance. A successful breakout here could completely flip market dynamics in favor of the bulls.
💎Following a minor round of profit-taking at the descending resistance, BONK pulled back toward the previous breakout support. That retracement brought the price right back into the key supportive range between 0.00001550 and 0.00001425, where it's now starting to bounce again. Notably, the EMA-50 has aligned perfectly with this support zone, adding strength to the reaction from this area.
💎BONKUSDT's next challenge lies at 0.00002000 to 0.00002100—a major descending resistance level that has capped upside since December 2024. Breaking above this structure would be a critical bullish breakout, potentially unleashing the next wave of upside momentum.
💎If bulls push through this barrier, BONK is expected to move toward the next moderate resistance at 0.00002500 to 0.00002750. This area aligns with the measured target of the double bottom formation. However, if bullish strength continues to build, BONK may even extend toward the strong resistance between 0.00003400 and 0.00003700, where the 50% Fibonacci retracement also resides—a historically significant level for potential trend reversals.
💎Adding to the bullish case, the 12-hour EMA-50 and EMA-200 are now converging toward a possible Golden Cross. If this cross confirms, it could serve as a major technical catalyst for a broader trend reversal and further upside continuation.
Paradisers, strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler.
MyCryptoParadise
iFeel the success🌴
Want to trade like a PRO without the 15+ year learning curve?
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Want to trade like a PRO without the 15+ year learning curve?
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.