BONK price is once again stirring curiosity as traders look for signs of its next big move. After weeks of choppy trading, the token has reached a point where the chart suggests something more decisive could be around the corner.
A double-digit rally might sound bold, yet BONK token has shown in the past that sharp swings are part of its nature. The latest setup on the chart now hints that history could be ready to repeat itself.
That setup is what caught the eye of analyst World of Charts, who shared a fresh chart on X. According to his post, BONK is testing a falling wedge pattern, a formation that traders often see as a bullish reversal signal. If BONK price breaks out with strength, the path could open for a sharp move higher.
Falling wedges can be compared to a spring getting tighter over time. Each bounce grows smaller until the pressure builds enough for a breakout. That, World of Charts suggests, is the very point BONK may be closing in on.
BONK Price Levels Highlighted on the Chart
The analysis by World of Charts underlines two key areas. The first is the wedge resistance line that BONK price is now testing. Clearing this level would confirm the breakout. The second is the target projection, marked with a blue arrow on the chart, showing how far the rally could extend if momentum continues.
For context, BONK price previously surged over 170% in July from a similar breakout. That history adds weight to the idea that another strong rally could follow if conditions align.
The Possible Road Ahead for BONK Token
The falling wedge does not guarantee results, but it gives a clear roadmap. If BONK token sustains a push above resistance, traders may see the projected 50%+ rally unfold. If it stalls, the token could remain inside the wedge and continue its slow grind.
As World of Charts points out, the breakout attempt now becomes the critical test for BONK price. Whether the token repeats its July strength or consolidates further will likely shape its near-term story.
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The chart shared by WorldofChartsfx offers a clear view of where BONK token stands. A falling wedge has tightened price action for weeks, and the breakout now in play could be the start of its next double-digit rally.
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