$BONK has been trading inside a falling wedge structure after a strong impulsive move earlier this summer. Price recently tapped into a daily demand zone highlighted in blue and is now showing signs of rejection from this area.


If bulls can maintain strength and break out of the wedge to the upside, the first major hurdle will be the red supply zone near 0.000024. A successful retest and hold above this region could open the path for continuation toward 0.000032 and beyond.


The key here is to react and not predict. Watching how price behaves around the wedge breakout and the red supply zone will give clearer confirmation. Until then, patience and discipline remain crucial.

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August 28, 2025 at 10:51 AM
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