Bonk (Bonk), one of the more energetic players in the space of the coin, shows signs of potentially explosive movement, because it is harder in a symmetrical triangle pattern. This classic formation of charts, characterized by coincidence of lower uplifts and higher minima, often acts as a pressure amplifier for the price – the longer the squeeze, the stronger the breakthrough is.
The symmetrical compression of the triangle is a technical signal, which often precedes piercing blemishes, and in the case of the bonka could not come at a more key moment. Since the wider coin market has signs of strength and sentiments a slowly changing, the decisive transition from this configuration can define the next chapter for Bonk. Breaking over the upper trend line can delicate a fresh stubborn rush and open the door to fresh ups, and the break below the support can cause a sale towards lower key levels.
Last price of the Bonka: Substantial Movement Configuration
According to the recent post By Whales_Crypto_Trading on X (formerly Twitter), Bonk currently creates a symmetrical triangle pattern on a 1-hour chart. The price has just increased from a lower triangle support line, which suggests that buyers are entering to defend the structure and potentially build a rush to get up.
What makes this pattern particularly noteworthy is potential growth. Whales_crypto_trading emphasized the target range of profits of 70-80%, it should successfully break above the upper resistance trend line. Since the exacerbation of variability and volume begins to show signs of recovery, such a breakthrough can offer a significant brief -term possibility of trade.
However, traders are recommended to carefully observe the confirmation of the volume and key levels of the breakthrough to avoid possible fakes, because symmetrical triangles can crack in both directions.
Will the meme coin explode or sail?
The symmetrical pattern of the triangle of the bonch reached a critical stage, raising speculation about whether the meme coin will free himself with strength or lose steam under pressure. The recent reflection of the support trend line suggests that the stubborn interest is still alive, and if the rush is building, Bonk can prepare for a huge breakthrough, potentially ensuring benefits in the 70-80%range, as salesmen predicted.
However, caution is critical. Symmetrical triangles are by nature neutral, which means that the timetable is still on the table if the buyers do not push through resistance. The next few candles on a 1-hour chart can provide key confirmation of the bonus.
Ultimately, Bonk is approaching the decisive moment. Whether he explodes to a stubborn gear or flows into another rejection will depend largely on the volume, sentiment and the strength of the breakthrough. Traders should remain vigilant because massive traffic can be closer than it seems.