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BONK Targets 100% Rally After Neckline Retest Begins
Aug, 27, 2025
< 1 min read
by Olivia Stephanie
for CryptoPotato
TL;DR
- BONK retests neckline support after breakout, holding near flag resistance and possible breakout zone.
- Open Interest drops from $73M to $29M, showing traders remain cautious despite a bullish setup.
- Price trades above 200-day average as RSI stays neutral, signaling balanced momentum on the chart.
Breakout Retest at Neckline Level
Bonk (BONK) is trading near a key technical level after completing an inverse head and shoulders pattern on the daily chart. The neckline of the pattern, located around $0.00002, was broken earlier this month. The token is now retesting this level, which may act as support if buyers step in.
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BONK Targets 100% Rally After Neckline Retest Begins
Aug, 27, 2025
< 1 min read
by Olivia Stephanie
for CryptoPotato
TL;DR
- BONK retests neckline support after breakout, holding near flag resistance and possible breakout zone.
- Open Interest drops from $73M to $29M, showing traders remain cautious despite a bullish setup.
- Price trades above 200-day average as RSI stays neutral, signaling balanced momentum on the chart.
Breakout Retest at Neckline Level
Bonk (BONK) is trading near a key technical level after completing an inverse head and shoulders pattern on the daily chart. The neckline of the pattern, located around $0.00002, was broken earlier this month. The token is now retesting this level, which may act as support if buyers step in.
Read More
XRP’s Bullish Pattern Emerges, But Bear Pressure Persists
XRP struggles below $3.10 as bullish setup fades. On-chain data shows weak activity d...
Aug, 28, 2025
< 1 min read
by CryptoPotato
Is Bitcoin About to Drain the Life Out of Altcoins? Analyst Thinks So
Bitcoin dominance rebounds to 58.05% with signs of rising into Q3, raising concerns o...
Aug, 28, 2025
< 1 min read
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