Table of Contents
TL;
- Bonak ($ 0.00) retracts $ 0.000025 neckline with a cup-and-handle pattern, suggests 100% inverted Rali.
- Analysts highlighted the previous resistance support support as traders wait for a bounce or further negative side.
- Grassscale tracking sparked institutional interests as Bonak is close to significant support among heavy trade.
Bone tats before potential breakout
Bonak (Bonak) trades below $ 0.000026 after falling 8% in the last 24 hours and 27% in the last week. The trading volume reached $ 570 million in the same period. Market focus on a major support area that the council separates the next MOT.
Crypto analyst Jonathan Carter stated that Bonak is withdrawing his neckline to $ 0.000025, making it an ID as a cup-and-handle pattern, which is often seen as a plas of bullying.
Carter said,
“The completion of a joint pattern with a neckline hold can cause 100% upside down.”
Their values are targets $ 0.000035, $ 0.000037, $ 0.000041 and $ 0.000052. He does not do the trading volume on the right side of the pattern, which can confirm a possible breakout.
#Bonk Neckline Retest – Bulls ready for bounce
Cup and handle patterns $ 0.000025 defectively executing near the support area
Pattern perfection + neckline hold = 100% reverse
Target Level: $ 0.000035 → $ 0.000037 → $ 0.000041 → $ 0.000052
This is the setup that dobles… pic.twitter.com/lb98rwsjdz
– Jonathan Carter (@johncycrypto) August 1, 2025
Interestingly, technical readings suggest that the relative strength index (RSI) has cooled from the earlier height, which gives place to another step up when purchasing returns.
Buyers see previous resistance as support
Analyst batman Shared Bonak’s recent pullback is coming near the previous resistance area, now a potential support area between $ 0.000025 and $ 0.000026.
“If it loves a little in the blue box, it is the place I am looking to buy,” he said.
A recovery from the region can retain a rapid setup. However, a sabotage under the area will suggest to woo short -term strength.
Institutional tracking adds interest
Last month, Bonak was couple For the institutional tracking list of Grassscale. Although it does not confirm investment, traders see it as a step that can bring bird market visibility.
Market participants are now focused on whether Bonk can catch his neckline support and trigger the next stage of the cup-handle pattern or if the fall continues in the near period.
After 28% of the weekly drop, the first appeared on the post bone cryptopotato at a significant level.
