BONK Price Trend Teases Triangle Breakout
With a bullish reversal from the $0.00002122 mark, the BONK price showcases another bullish attempt to conclude the pullback. The pullback in the dog-themed meme coin leads to a descending triangle in the 4H chart.
This Sunday, the BONK price increased by 4% to challenge the overhead resistance trendline with the third consecutive daily bullish candle. However, with the intraday drop of 2.34%, the BONK price trades at $0.0000238792.
The intraday downfall reflects the increased supply flow at the trendline and limits the possibility of a breakout. However, amidst the market recovery, the uptrend could find increased momentum by the day’s end
In such a case, the BONK price could surpass the trendline, signaling a breakout entry for the sideliners. Optimistically, the unleashed momentum could drive the meme coin market price to the $0.000051 mark.
