BONK has executed a clean breakout above the multi-month descending trendline, supported by increasing volume and momentum. The asset has also reclaimed the prior local top, indicating a structural shift in market direction.
Price is now approaching a critical retest zone near the breakout level. If this area holds as new support, it would confirm the breakout and validate the bullish continuation setup.
Measured Move Target: 0.00004303
Potential Upside: ~218% from retest confirmation.
A successful retest followed by bullish price action would reinforce the breakout and open room for further expansion.
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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.