Bonk (BONK) Price Prediction: Falling Wedge Tightens as SMA50 Signal Points to Bullish Breakout Toward $0.000041
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Bonk (BONK) is capturing investor attention as it approaches a critical breakout point, with technical signals pointing toward a potential rally that could excite traders and meme coin enthusiasts alike. The Solana-based meme coin has been consolidating within a falling wedge formation, a bullish chart pattern that suggests selling pressure is easing. Traders are closely watching key resistance levels, including the 50-day Simple Moving Average (SMA50), which could confirm a trend reversal if broken. This setup has sparked renewed interest in Bonk coin, with many analyzing potential price targets and planning their next moves. Technical Structure Sets the Stage Bonk (BONK), the Solana-based meme coin, is currently trading within a falling wedge pattern on the daily chart—a classic technical setup often interpreted as a bullish reversal indicator. This formation occurs when prices move between two downward-sloping, converging trendlines, signaling that sellers are gradually losing momentum while buyers prepare for a potential comeback. Bonk looks promising if it forms a bottom, showing price action similar to the setup before its last 200% rally—worth monitoring closely. Source: gle via X Analysts note that a confirmed breakout above the wedge’s upper boundary and the 50-day Simple Moving Average (SMA50) could mark a significant shift in Bonk’s market trend. The SMA50, widely followed by traders, often serves as a dynamic resistance level. A sustained move above it typically indicates a transition from bearish to bullish sentiment. If this breakout materializes, it could attract short-term traders and long-term investors alike, as technical indicators would align in favor of renewed upward movement. Upside Targets and Market Levels Following a breakout, several price targets are in focus. The first resistance is around $0.00002585, then $0.00003004, where the sellers might take partial profits. Lower down, $0.00003342 and $0.00003680 are terms for stronger resistances. If the momentum continues, the…
Filed under: News - @ October 9, 2025 2:15 am