Bonk (BONK) Poised for Potential Breakout in Meme Coin Market
- Bonk is forming a symmetrical triangle pattern on the 1-hour chart.
- The pattern indicates converging trendlines of lower highs and higher lows.
- A breakout could lead to a profit target range of 70–80%.
- Recent price action shows a rebound from the lower support trendline.
- Volume recovery and volatility tightening suggest potential for sharp movement.
Bonk’s symmetrical triangle pattern suggests a significant move may be imminent, with traders eyeing a potential breakout that could yield gains between 70–80%, contingent on volume confirmation and breakout strength.
Source (2.6)https://www.newsbtc.com/analysis/bonk/bonk-symmetrical-triangle-squeeze/?rand=52377
