Bonk's double bottom dance: Will key support be held?
Jul 02, 2025 pm 10:21 PMBonk is approaching a key support area, suggesting a possible double bottom reversal pattern. Can the bulls defend this line of defense, or will the bears control the situation? Let's analyze in depth.
Bonk is currently at an important turning point, hovering near the neckline of the potential double-bottom pattern. Whether prices can stabilize and rebound will become the key to short-term trend.
Market competition focus: key support belt
Currently, Bonk's price is competing around an important support area. This position has been tested many times and has become the core support level in the currency's recent oscillation zone. If the bulls can successfully defend the market here, they are expected to build a complete double-bottom structure, which usually indicates a strong rebound momentum.
Double bottom forming potential: brewing a reversal signal?
If BONK can complete the double bottom bottom construction in the current area, this will be a standard technical reversal signal. Once the neckline resistance is effectively broken (about $0.0000145), the target may point to $0.0000175, with a potential increase of 20.7%.
Core support level: $0.142 and below area
Judging from the weekly chart, Dogecoin seems to be building a classic double-bottom pattern, with the $0.142 price becoming an important support point. Cryptocurrency analyst MAB pointed out that this level is of critical significance. It is worth noting that this support has been tested by the market in April 2025, showing its defensive value.
Trading volume: key factors for success or failure
Despite the bullish pattern, the current trading volume performance is worrying. The continued downturn in trading volumes indicates insufficient market participation, which may weaken or even delay the potential uptrend. An effective reversal must be accompanied by a significant increase in trading volume, otherwise the risk of pattern failure will always exist.
Bonk's future path prospect
If BONK can stabilize at the current support belt and cooperate with the rebound in trading volume, the double bottom pattern may be established, thereby triggering a rebound. On the contrary, if the volume continues to shrink or fall below the key support, it may continue to fluctuate downward pattern. Performance in the next few trading days will become an important window to judge the direction of the trend.
Will Bonk usher in a rebound opportunity, or will it hit the bottom again? The answer is about to be revealed. The subsequent trend of this meme coin may bring another thrilling market!
The above is the detailed content of Bonk's double bottom dance: Will key support be held?. For more information, please follow other related articles on the PHP Chinese website!

Hot AI Tools

Undress AI Tool
Undress images for free

Undresser.AI Undress
AI-powered app for creating realistic nude photos

AI Clothes Remover
Online AI tool for removing clothes from photos.

Clothoff.io
AI clothes remover

Video Face Swap
Swap faces in any video effortlessly with our completely free AI face swap tool!

Hot Article

Hot Tools

Notepad++7.3.1
Easy-to-use and free code editor

SublimeText3 Chinese version
Chinese version, very easy to use

Zend Studio 13.0.1
Powerful PHP integrated development environment

Dreamweaver CS6
Visual web development tools

SublimeText3 Mac version
God-level code editing software (SublimeText3)

Hot Topics

Against the backdrop of violent fluctuations in the cryptocurrency market, investors' demand for asset preservation is becoming increasingly prominent. This article aims to answer how to effectively hedge risks in the turbulent currency circle. It will introduce in detail the concept of stablecoin, a core hedge tool, and provide a list of TOP3 stablecoins by analyzing the current highly recognized options in the market. The article will explain how to select and use these stablecoins according to their own needs, so as to better manage risks in an uncertain market environment.

This article will focus on the theme of stablecoin arbitrage and explain in detail how to use the possible price spreads between stablecoins such as BUSD and TUSD to obtain profits. The article will first introduce the basic principles of stablecoin spread arbitrage, and then introduce the specific operating procedures through step-by-step explanations, and analyze the risks involved and matters that need to be paid attention to to help users understand this process and realize that its returns are not stable and unchanged.

Many friends who are first exposed to Bitcoin may simply understand it as a high-risk investment product. This article will explore the real uses of Bitcoin beyond speculation and reveal those often overlooked application scenarios. We will start from its core design philosophy and gradually analyze how it works in different fields as a value system, helping you build a more comprehensive understanding of Bitcoin.

This article will discuss the world's mainstream stablecoins and analyze which stablecoins have the risk aversion attribute of "gold substitute" in the market downward cycle (bear market). We will explain how to judge and choose a relatively stable value storage tool in a bear market by comparing the market value, endorsement mechanism, transparency, and comprehensively combining common views on the Internet, and explain this analysis process.

Huobi HTX is the world's leading digital asset trading platform, providing a wide range of cryptocurrency trading services. This article provides you with a link to the official registration page of Huobi HTX. Click this link to safely jump to the official homepage for registration.

This article will explain in detail how to successfully apply for a US MSB (Money Services Business) license within a theoretical 45-day cycle and disassemble the key steps in the application process to help you understand the entire operation process. At the same time, the article will also introduce two other important compliance licenses in the virtual currency industry, providing reference for you to build a global compliance operation system.

This article will explain the selection of Dogecoin trading platform and the official application download. We will explain in detail how to find and download the application of the trading platform through safe and reliable channels. This process will be presented in the form of step-by-step teaching. Next, we will introduce several mainstream Dogecoin trading platforms in the current market, and combine the general feedback from online users to comprehensively explain their characteristics for reference.

This article will introduce several mainstream stablecoins and explain in depth how to evaluate the security of a stablecoin from multiple dimensions such as transparency and compliance, so as to help you understand which stablecoins are generally considered relatively reliable choices in the market, and learn how to judge their "hazard-haven" attributes on your own.