BONK finally break out of its descending wedge and deliver the next big move, or will we witness a deeper correction? Letโs dive in:
๐#BONKUSDT is trading within a classic falling wedge formation and hinting at the possibility of a bullish breakout if key levels are reclaimed. Currently, the strong demand zone at $0.00002490โ$0.00002941 is holding steady, showing that buyers are stepping in to defend these levels. If this support continues to hold, we could see #BONK attempt a breakout above the descending resistance around $0.00003192.
๐A clean breakout above this resistance would likely trigger a rally toward the major resistance zone at $0.00003924. Beyond that, #BONKUSD could extend its gains to $0.00004500 or higher, riding the momentum typical of wedge breakouts. However, without significant buying pressure, the price could stall under the resistance, leading to further consolidation.
If the demand zone at $0.00002490 fails, the situation flips bearish. A breakdown below this level would invalidate the wedge pattern, opening the door for a move down toward $0.00002000 or lower as sellers take control.
Disclaimer:
The information provided here is intended for informational and educational purposes only. It does not constitute financial or investment advice. Always perform your own research before making any investment or trading decisions.#GMTBurnVote #BitwiseBitcoinETF #CryptoRegulation2025 #Crypto2025Trends