BONK/USDT Forms a Bullish Pattern, Is $0.00003, the Next Pitstop

Bonk (BONK), Solana’s breakout memecoin, is once again attracting market attention as it gains upward momentum amid fresh hype surrounding potential ETF exposure and token burn events. Trading at approximately $0.00001874, BONK has climbed steadily in recent sessions, rising over 20% from weekly lows near $0.0000158—an encouraging sign for meme-token bulls.

• Despite the recent selling pressure, the BONK price remains within bullish influence as the token surges $0.00001558 and $0.00001627
  
• The momentum is rising as the price is approaching the upper resistance of the Gaussian Channel, and a rise above the range could flip the prevailing bearish trend
  
• On the other hand, the CMF is rising and sustaining above 0, hinting towards the rise in the money flow onto the platform
  
• Therefore, if the BONK price manages to rise above the channel, it may reach the neckline of the double-bottom pattern at $0.00002776, slicing above the pivotal resistance between $0.00002495 and $0.00002632