The post BONK Prepares for 30% Rally with Breakout Move Toward 0.00002 in Sight appeared on BitcoinEthereumNews.com.

BONK is trading at $0.00001593 with a 24-hour volume jump of over 308%, setting the stage for a triangle breakout toward $0.00002 The RSI above 60 and the bullish crossover of the MACD confirm growing momentum, while $0.000001350 acts as a solid support base for further upside. BONK (BONK) is setting up for a significant price surge as technical indicators align across key timeframes, volume surges past 308%, and the meme coin trades above crucial moving averages. A decisive breakout could ignite a rally toward the $0.000016–$0.000018 zone, and a potential bullish run to $0.00002. BONK  is the second-largest memecoin on Solana and currently trades at $0.00001593, marking a 27%  gain in the last 24 hours. Its volume surged over 308% to $351.21 million, a clear sign of renewed trader interest. Its $1.24 billion market cap underscores its momentum revival.  Technical Indicators Signal Potential Bullish Breakout BONK’s trading chart reveals a tightening symmetrical triangle, typically a precursor to a significant directional move. The RSI is reading at 67 with strength, while the MACD has printed a bullish crossover supported by expanding green histograms. These indicators suggest mounting bullish pressure and an imminent attempt to breach the $0.000016 resistance level — the triangle’s upper boundary. Notably, BONK has climbed above its 50-day EMA and 100-day EMA at $0.00001370 and is already aiming to rise beyond its 200-day EMA at $0.000016, a critical resistance for the next leg up. Major Support Zones Establish Safety Net for Bulls The structure below shows substantial accumulation. BONK has formed a solid double bottom between $0.00000960 and $0.00000900, acting as a resilient support area through recent retests.  This zone builds the foundation for further upside momentum. If $0.000016 is broken decisively, BONK could test $0.0000175 and extend to $0.000019 or $0.000020, which would match prior resistance…

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Filed under: News - @ April 23, 2025 11:24 am