BONK Nears Make-or-Break Support: Can a Double Bottom Pattern Spark the Next Rally?

Memecoin traders, brace yourselves—BONK is dancing on the knife's edge.

The Setup:

After a brutal retrace from its ATH, BONK is flirting with a critical support level. Charts whisper 'double bottom'—a classic reversal signal that’s either a springboard or a trapdoor.

Why It Matters:

If the pattern holds, bulls could ride the momentum toward higher resistance. Fail? Prepare for the usual crypto circus: liquidations, frantic tweets, and a fresh batch of 'I told you so's from permabears.

The Wildcard:

Market makers love these technical thresholds—they’re like catnip for liquidity. Whether BONK bounces or nosedives, someone’s getting squeezed. (Cue the 'free market' purists ignoring the obvious manipulation.)

Bottom Line:

This isn’t investing—it’s high-stakes pattern recognition. Trade accordingly.

Key technical points

• POC Support Test: Price is currently testing the point of control, often a critical level of support or rejection.
• Double Bottom Potential: A dip to the value area low and swing low confluence could establish a classic double bottom structure.
• Volume Decline: Volume profile is falling, rising bullish volume is required to confirm any reversal attempt.

The point of control is BONK’s current battleground, a volume-based level where prior price action balanced. If buyers can defend this region, it may signal that demand is returning and a bottom is being set in place. So far, price is showing hesitation, with smaller candles and no decisive move, suggesting indecision among market participants.

If the POC fails to hold, price will likely trade lower into the value area low, which aligns with a previous swing low. This level offers significant technical confluence: it’s where liquidity likely rests, where previous buyers stepped in, and where market makers often engineer reversals through liquidity sweeps. If BONK forms a low at this zone, completing a double bottom, it WOULD be a textbook setup for a rotation back toward the highs of the range.

However, for that scenario to play out, volume must return. The current decline in the volume profile suggests waning interest, which could delay or weaken any bullish reversal attempt. Without a shift in momentum supported by rising volume, the risk remains that price action continues to drift or even break further down.

What to expect in the coming price action

If BONK holds the POC or dips into the value area low with a rise in bullish volume, a double bottom could form, potentially launching a move back toward the range highs. Failure to see that volume, however, increases the probability of continued weakness.

The next few sessions will be key in validating whether BONK is ready to reverse or still searching for its true support base.