Bonk (BONK) is facing a crucial moment as it presses up against several layers of resistance. The price needs a solid push through this zone to continue its bullish trajectory.
Key resistance levels include the point of control, value area high, high-time frame resistance, and the upper supporter of a forming pennant structure. If Bonk can break through these layers with strong volume support, it will signal a bullish breakout.
A successful breakout will pave the way for new higher highs. Though, ifBonk fails to break this resistance, it may experience a temporary pullback towards the lower pennant, near the 0.618 Fibonacci and value area low.
- Rapid growth halted by critical resistance layers
- Potential bullish breakout requires strong volume趋
- Failure leads to pullback towards pennant’s lower edge
The current price action shows signs of tightening with slowing momentum, symbolizing an impending decision soon. This moment determines whether Bonk will surge or retreat temporarily.
Until this situation resolves, BonkS structure remains neutral-bullish, staying within consolidation bounds. Traders might wait for confirmed signals before making their next move.
