BONK approaches critical support: will a Double Bottom launch the next move?
2025-06-30 18:12:27
Main Idea
BONK's price is at a critical technical level (point of control) which could determine its trend in the coming weeks, with potential for a double bottom formation if support holds.
Key Points
1. BONK is currently testing the point of control (POC), a key volume-based level that could define its next directional move.
2. If the POC holds, BONK may form a double bottom, signaling a potential reversal toward previous highs.
3. Volume resurgence is crucial for a bullish scenario to materialize.
4. Failure to hold the POC could lead to further downside into the value area.
Description
BONK is nearing a critical support zone that could trigger a bullish double bottom structure if defended. This level is packed with technical confluence, and the next move could define BONK’s trend for the coming weeks. After a period of consolidation and downside pressure, BONK ( BONK ) is now trading near the most critical region on its chart, a zone where a potential bottoming structure could emerge. Price has recently pulled back into the point of control, which marks the most traded level w...
Latest News
- Belgian Court sentences three for crypto coach’s wife kidnapping2025-07-04 12:19:31
- SOL gets fresh institutional push as Nasdaq-listed firm expands treasury with $2.7m2025-07-04 11:32:52
- Amber International raises over a quarter of $100m goal to boost crypto holdings2025-07-04 11:32:05
- Analysis: Bitcoin could reach $120K in July amid BTC market maturity2025-07-04 11:29:14
- $2.4B lost in 2025 H1 crypto hacks — exchanges and DeFi hit hardest: report2025-07-04 11:16:45