BONK, a meme coin on Solana, has been trading in a narrow range, approaching a crucial point that will determine a potential rally. Recent price movements showed BONK breaking above but quickly dropping. Currently, the price is consolidating near a support level, building momentum for a potential upward breakout. Analysts predict a 168% surge, targeting $0.000062, surpassing its previous high. Despite a recent 0.9% decline, BONK is still up 26% in the last month, suggesting a bullish outlook. However, failure to break above the trendline could lead to a bearish reversal, as indicated by technical indicators. The overall trend remains optimistic, with potential for a significant price increase if the breakout occurs. Read more AI-generated news on: https://app.chaingpt.org/news