BONK Teeters on the Brink: Major Reversal Imminent—Unless THIS Market Move Strikes First

Memecoin traders, brace yourselves—BONK’s chart is flashing neon warning signs. A textbook reversal pattern looms, but the crypto gods demand a sacrificial lamb first.

Here’s the make-or-break scenario:

The Bull Case: Whale accumulation at current levels could trigger a 50%+ rebound, flipping resistance into a springboard. On-chain data shows dormant wallets stirring—never a dull sign.

The Bear Trap: If Bitcoin stumbles below $60K (again), expect BONK to nosedive faster than a VC’s morals during a bear market. Liquidity pools are thin enough to slip on.

Either way, leverage traders will get rekt. Because when has overconfidence ever backfired in crypto? *Cough* LUNA *cough*.

Source: CryptoQuant

The spot market speaks: Buyers bite first

In addition to the whale activity, the 90-day Spot Taker Cumulative Volume Delta among spot takers also shows a steady and significant surge.

The metric, which measures net aggressive buying over selling, suggests buyers are in charge of spot market action.

That means more traders are initiating buys rather than closing positions. This kind of shift typically marks the start of a reversal or uptrend.

Combined with whale accumulation, this points toward a potential multi-day rally—provided sentiment holds.

Source: CryptoQuant

BONK jumps, but is this just the first leg?

BONK’s price witnessed a daily 7% at press time. This notable growth is coupled with today’s on-chain accumulation and favorable spot market signals.

It signals growing positivity in the market as sentiment turns positive following the recent correction phase.

If this momentum persists, BONK could be on the verge of another rally.

However, caution cannot be eliminated as the memecoin markets with concomitant volatility and possible sudden changes in sentiment.

What’s ahead?

Whales and retail consumers both have demonstrated bullish intent, and the present rally in Bonk may still have room to run.

However, it could be premature to ignore the chances of a short-term correction but the on-chain indicators lean bullish and point to a potential long-term positive trend.