$BONK has shown strength over the past few days, outperforming Bitcoin since June 12th, and recently rising 30%, though still weaker than Bitcoin. Technically, BONK is around the significant 3,000 level with a good chance of breaking above it, having already surpassed the 382 Fibonacci level. Meme coins, including BONK, have been strong recently, with the market rotating through bullish periods. I anticipate BONK breaking above 3,000, but with a pullback to the 2500 before rallying higher, presenting a great buying opportunity. However, if Bitcoin turns bearish, this expectation is invalid, and I don't foresee a short-term breakout above 3,000 without a pullback first.
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