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Memecoin analysis
#BONK🔥🔥
BONK price developed an inverted head and shoulder pattern amid consolidation over the past two months. On May 20, the coin price made a decisive breakout of the pattern's neckline resistance at $0.00003.
As of press time, BONK's price is trading at $0.0000318 and boasts a market cap of $2.14 billion.
The currency price is expected to retest the breached resistance level of $0.00003 in the coming days to confirm its sustainability. A post-breakout rally could push BONK price to $0.0000366, followed by $0.0000478.#BONKUSTD
