BONK, a Solana-based meme coin, has been hanging around the same price for a while. But things could be about to change.
A Breakout is Brewing
A crypto analyst, World Of Charts, believes BONK is building up steam for a big move. He sees a pattern in the price chart that suggests BONK is ready to break out of its current range.
This pattern, called a symmetrical triangle, shows that BONK has been making higher lows and lower highs. It’s like a seesaw going up and down, but each time it goes up, it goes a little higher, and each time it goes down, it goes a little lower.
The Analyst’s Prediction
World Of Charts thinks BONK is about to break through the top of this triangle. He predicts a massive price jump of 168%, which would take BONK to a price of $0.000062. That’s a huge gain!
What’s Next for BONK?
If this breakout happens, BONK could even surpass its all-time high of $0.00004547 before the end of the year.
However, it’s important to remember that things can change quickly in the crypto world. While the analyst sees a bullish trend, there’s also a chance that BONK could reverse course and head back down.
The Current Situation
Right now, BONK is trading below the top of the triangle, and some technical indicators suggest a bearish trend. This means that the price could go down in the short term.
But even with this recent dip, BONK is still up over the past month. So, the overall picture is still positive.
In short, BONK is at a critical point. It could either break out and soar to new highs, or it could fall back down. Only time will tell which way it will go. /p>
