Can #BONK Bulls Capture this opportunity for Bullish Rally?

27 thg 12, 2024

Yello, Paradisers! Will #BONK finally break out of its descending wedge and deliver the next big move, or will we witness a deeper correction? Let’s dive in:

💎#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 $0.00002490–$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.

💎A 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.

Stay focused, patient, and disciplined, Paradisers🥂

MyCryptoParadise
iFeel the success🌴