Bonk Surges 24% Forming Rare Bearish Bat Pattern

Bonk (BONK) has experienced a significant surge, increasing by 24% over the past week. This upward momentum has led to the formation of a rare Bearish Bat harmonic pattern, which analysts suggest could signal a potential 36% rally toward the $0.00003987 resistance zone. This pattern is a classic chart setup known for forecasting sharp, structured price movements.

The pattern began near $0.00003987, then dropped to point A, bounced to point B, and retraced to point C around $0.00001141. Since then, BONK has reversed sharply with increasing momentum, reclaiming ground to trade around $0.000029, a position well above its 200-day moving average. This moving average now acts as a key dynamic support zone, currently sitting near $0.000018. Holding this level is critical for BONK to maintain the bullish trajectory and complete the harmonic pattern’s CD leg.

If BONK continues to follow the Bat pattern structure, the next major resistance lies between $0.00003633 and $0.00003987, the Potential Reversal Zone (PRZ). These levels align with the 0.886 and 1.0 Fibonacci extensions, common areas where harmonic patterns often reach their conclusion. Reaching this PRZ would represent a 36% rally from current levels, marking a potential short-term top where traders could lock in profits or assess momentum for further continuation.

BONK’s breakout setup is unfolding against the backdrop of a crypto-wide bull market, supported by institutional flows into Bitcoin and renewed interest in Ethereum. This macro strength is lifting memecoins like BONK, all of which benefit from heightened risk appetite and retail engagement. BONK’s ability to outperform many peers highlights its growing appeal, especially as it holds structurally above key support and trades with strong volume and investor interest.

With a rare harmonic pattern in play, BONK is positioned for a potential breakout to the $0.00003987 zone. However, sustaining momentum above the 200-day moving average at $0.000018 is essential to validate this bullish structure. Traders should monitor volume, price action, and the broader market trend closely, because if BONK follows the harmonic path, a significant rally may soon unfold.