Bonk's Symmetrical Triangle Pattern Signals 70-80% Gain Potential

Bonk (BONK), a prominent player in the meme coin space, is exhibiting signs of a potential significant move as it tightens within a symmetrical triangle pattern. This chart formation, defined by converging trendlines of lower highs and higher lows, often acts as a catalyst for price action, with longer squeezes typically leading to more powerful breakouts.

The symmetrical triangle squeeze is a technical indicator that often precedes sharp breakouts. For BONK, this pattern is emerging at a crucial juncture. With the broader meme coin market showing strength and sentiment gradually shifting, a decisive move from this setup could shape BONK's next phase. A breakout above the upper trendline could spark fresh bullish momentum and open the door to new highs, while a break below support could trigger a sell-off toward lower key levels.

According to a recent post by Whales_Crypto_Trading, Bonk is currently forming a symmetrical triangle pattern on the 1-hour chart. The price has recently rebounded from the lower support trendline of the triangle, indicating that buyers are defending the structure and potentially building momentum for an upward breakout.

This pattern is particularly noteworthy due to its potential upside. Whales_Crypto_Trading highlighted a profit target range of 70–80%, should BONK successfully break above the upper resistance trendline. With volatility tightening and volume starting to show signs of recovery, such a breakout could offer a substantial short-term trading opportunity. However, traders are advised to monitor volume confirmation and key breakout levels to avoid possible fakeouts, as symmetrical triangles can break in either direction.

Bonk’s symmetrical triangle pattern has reached a critical stage, sparking speculation about whether the meme coin will break free with force or lose steam under pressure. The recent bounce off the support trendline suggests bullish interest is still alive, and if momentum continues to build, BONK could be gearing up for a powerful breakout, potentially delivering gains in the 70–80% range as projected by traders.

However, it’s important to remain cautious. Symmetrical triangles are neutral by nature, meaning a breakdown is still possible if buyers fail to push through resistance. The next few candles on the 1-hour chart could provide key confirmation of BONK’s direction.

In summary, BONK is approaching a defining moment. Whether it explodes into a bullish run or fizzles out into another rejection will largely depend on volume, sentiment, and the strength of the breakout. Traders should stay alert, as a big move may be closer than it seems.