$BONK's recent V-shaped recovery highlights bullish indicators, with a potential breakout target suggesting further gains in the near term.
$BONK, a Solana-based memecoin, completed a V-shaped recovery, gaining 4.65% to $0.00002202 after dipping to $0.000020 on July 9. The upward momentum was strongest between 02:00 and 05:00 on July 10, supported by increased trading volume. Technical indicators remain bullish, with the 20-day EMA turning upward and the RSI in positive territory. A break above the $0.00002389 resistance could lead to gains toward $0.000026, potentially completing a double bottom pattern and opening doors for a rally to $0.000041.