BONK – THIS Pattern Signals Potential 72% Explosion Ahead

Memecoin's technical setup flashes bullish signal that could send shockwaves through crypto markets.

Pattern Recognition Breakthrough

The chart's whispering what traders are shouting—a specific technical formation suggests BONK might be gearing up for a massive move. Historical data shows similar patterns preceding major rallies, and this one's textbook perfect.

Market Mechanics At Play

Volume confirms the pattern's validity while liquidity pools align with potential upward momentum. The 72% projection isn't random—it's calculated from precise resistance levels and Fibonacci extensions that even traditional analysts would respect (though they'd never admit it).

Timing The Breakout

Key indicators suggest the move could materialize within current market cycles. Watch for specific trigger levels that would confirm the pattern's activation—because in crypto, patterns either print money or become tomorrow's 'lesson learned' meme.

While Wall Street debates P/E ratios, BONK's chart might just be drawing a 72% middle finger to conventional finance—proving once again that in crypto, the dumbest trade sometimes makes the smartest money.

Key Takeaways

BONK jumped double digits in 24 hours after a breakout and USD1 launch buzz. Rising token burns could strengthen its lead if looming rate cuts fuel a crypto rally.

Bonk [BONK] was among the leading memecoins by daily price gains, which stood at 11% when writing. Only Fartcoin [FARTCOIN] and SPX6900 [SPX] performed better than BONK during this period.

The rally came after BONK broke out of a two-month consolidation. The Falling Wedge pattern began after its 17th of July high at $0.00004041.

BONK’s momentum shifts bullish

At press time, BONK traded above the SuperTrend after flipping from its $0.00001913 low on the 5th of September. An inverted head-and-shoulders confirmed the reversal.

Additionally, the MACD also turned positive, showing buying momentum.

Source: TradingView

The memecoin was advancing toward the top of its chart pattern, with the target sitting 96% above the initial breakout level.

From its current position, a further 72% upside remained.  However, buying into this pump looked risky. Price often retraces after such sharp moves.

The price action could also revisit the breakout level for a retest. Its ability to rally rested on staying above the pattern.

BONK token transfers spike

The number of token transfers spiked to 625 billion BONK for outgoing and incoming upon the price breakout. Top 100 Addresses increased holdings by 0.64%.

Meanwhile, the Exchange Supply dropped to 57.45 trillion BONK, which was about 0.54%. The exchanges held about 65% of the total supply.

Source: Nansen

Even so, the Distribution Score stood at 14, at press time showing centralization but slight improvement. The Top 100 controlled 44% of the supply.

USD1 launches as rate cuts near

Meanwhile, World Liberty Finance [WLFI] unveiled its stablecoin USD1 on BONK’s launchpad for the solana [SOL] blockchain. Ecosystem revenue from the launch would be used to burn BONK.

The news also drew attention from the crypto community, especially as the TRUMP family’s digital asset ventures continue to gain momentum.

With the Federal Reserve set to announce interest rate decisions next week, Jerome Powell’s recent hints have fueled speculation of a potential market shift.

 If the broader crypto market responds positively, BONK appears well-positioned to emerge as one of the leading memecoins in the next breakout phase.