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- 📢 #Gate Square Writing Contest Phase 3# is officially kicks off!
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Bonk (BONK) To Soar Further? This Emerging Fractal Pattern Saying Yes!
Date: Tue, July 22, 2025 | 03:40 PM GMT The broader cryptocurrency market continues to ride a bullish wave, led by Ethereum (ETH), which has surged 24% over the past week and is now trading above $3,700. This positive sentiment is spilling into promising memecoins — and Bonk (BONK) is showing strong signs of potential upside momentum. $BONK has climbed 21% over the last 7 days, extending its monthly rally to an impressive 189%. But it’s not just price action drawing attention — an emerging fractal pattern, similar to PENGU’s current breakout setup, is fueling speculation of a continued rally.
Source: Coinmarketcap BONK Mirrors PENGU’s Breakout Setup A side-by-side look at PENGU and BONK on the daily charts shows a strikingly similar structure. PENGU recently completed a falling wedge breakout — a classic bullish reversal pattern. After reclaiming both its 50-day and 100-day moving averages, the token used these levels as a launchpad, bouncing off the blue zone’s lower range and surging 48% in its latest leg higher.
PENGU and BONK Fractal Chart/Coinsprobe (Source: Tradingview) Now, BONK appears to be following the same path. BONK has broken out of its falling wedge, reclaimed its 50-day and 100-day moving averages, and is now consolidating inside a key blue resistance zone — the exact phase that preceded PENGU’s breakout rally. This fractal similarity suggests BONK could be gearing up for another significant upside move. What’s Next for BONK? If the fractal plays out, a breakout above the blue resistance box could send BONK toward $0.000047, marking a potential 48% rally from lower support levels. However, caution remains necessary. If BONK drops below its immediate support at $0.00002872, it could lead to short-term consolidation or a deeper pullback before attempting another breakout. With BONK echoing PENGU’s recent price structure, traders are watching closely as this fractal setup unfolds. Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.