📢BONKUSDT Market analysis: Cup and Handle Pattern in Play📊
On the 4-hour timeframe, BONKUSDT has formed a classic cup and handle pattern, which is typically a bullish signal. The price has broken out above the neckline of this pattern and is currently retesting this critical level.
The retest of the neckline is a crucial phase. If the price successfully holds above this level and confirms the breakout, we can expect to see further upward movement. This scenario would indicate strong buying interest and could lead to significant gains as the bullish trend continues.
🔍Crypto Scouts analytics team
