Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Bonk (BONK) To Bounce Back? Key Harmonic Pattern Hints Potential Reversal

Bonk (BONK) To Bounce Back? Key Harmonic Pattern Hints Potential Reversal

CoinsProbeCoinsProbe2025/08/30 22:35
By:Nilesh Hembade

Date: Sat, Aug 30, 2025 | 05:30 AM GMT

The cryptocurrency market has once again entered choppy waters as Ethereum (ETH) slipped to $4,350 from its recent high of $4,954, marking a 7% weekly decline. The pullback has pressured major memecoins , including Solana-based Bonk (BONK).

However, BONK showed relative strength today with a 5% intraday jump, trimming its weekly losses to just 3%. More importantly, the price chart is signaling a harmonic pattern setup that could pave the way for a potential bounceback.

Bonk (BONK) To Bounce Back? Key Harmonic Pattern Hints Potential Reversal image 0 Source: Coinmarketcap

Harmonic Pattern Taking Shape

On the daily chart, BONK appears to be forming a Bearish ABCD harmonic pattern. Despite its bearish name, this pattern often involves a strong bullish CD-leg rally before the token approaches its Potential Reversal Zone (PRZ).

The structure kicked off with a rally from Point A near $0.00001142 up to Point B, followed by a retracement to Point C around $0.00001956, where buyers stepped in near the 200-day moving average (MA). Since then, BONK has shown resilience, climbing back to around $0.00002260, suggesting the CD leg may now be in motion.

Bonk (BONK) To Bounce Back? Key Harmonic Pattern Hints Potential Reversal image 1 Bonk (BONK) Daily Chart/Coinsprobe (Source: Tradingview)

Critically, BONK is approaching its 50-day MA resistance at $0.00002717. A decisive breakout above this zone could validate the harmonic setup and trigger fresh momentum buying.

What’s Next for BONK?

If bulls manage to push BONK above the 50-day MA, the token could rally toward the 1.38 Fibonacci PRZ at $0.00004890, implying a potential upside of over 116% from current levels.

On the flip side, if BONK loses ground and closes below the 200-day MA support near $0.00001842, the harmonic structure could be invalidated, opening the door to further downside pressure.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

From "whoever pays gets it" to "only the right people get it": The next generation of Launchpads needs a reshuffle

The next-generation Launchpad may help address the issue of community activation in the cryptocurrency sector, a problem that airdrops have consistently failed to solve.

Block unicorn2025/11/28 10:23
From "whoever pays gets it" to "only the right people get it": The next generation of Launchpads needs a reshuffle

After bitcoin returns to $90,000, is Christmas or a Christmas crash coming next?

This Thanksgiving, we are grateful for bitcoin returning to $90,000.

BlockBeats2025/11/28 08:43
After bitcoin returns to $90,000, is Christmas or a Christmas crash coming next?

Bitcoin security reaches a historic high, but miner revenue drops to a historic low. Where will mining companies find new sources of income?

The current paradox of the Bitcoin network is particularly striking: while the protocol layer has never been more secure due to high hash power, the underlying mining industry is facing pressure from capital liquidation and consolidation.

区块链骑士2025/11/28 08:23
Bitcoin security reaches a historic high, but miner revenue drops to a historic low. Where will mining companies find new sources of income?