"BONK is one step away from a rally"

According to an analysis, high formations on the price chart $BONK indicate a 250 percent rally.
According to on-chain data, $45.73 million in BONK was recently withdrawn from central exchanges. This situation was interpreted as a preparation for a possible uptrend.
The popular memecoin BONK on the Solana blockchain is gaining strength with the increasing demand and interest from whales. According to an analysis prepared by AMBCrypto, a bullish pattern has formed on the daily chart of BONK.
The analysis suggested that the pattern in question indicates a 40 percent increase in the short term and a potential 250 percent increase.
The Solana-based memecoin #BONK has started to recover from the effects of the steep price drop on December 10. BONK, which has also attracted investors' attention, is preparing for a possible breakout.
According to Coinglass data, long-term whale and BONK holder interest has started to increase day by day. This situation has led to a significant outflow of BONK from exchanges. According to AMBCrypto, BONK has been withdrawn from exchanges since the beginning of December 2024.
The analysis emphasized that the popular memecoin could reach $0.0000545 in the short term, and if this region is surpassed, the next target will be $0.000137. The formation of an ascending triangle on the BONK chart has raised expectations.
The analysis included the following statements; “Looking at the recent price movement, it seems possible that the BONK could reach $0,0000545 in a short time. It could increase by 40 percent.”
AMBCrypto suggested that if the upward momentum and sentiment in the memecoin continue, a long-term rally could begin.
According to CoinGecko data, BONK is trading at $0.0000376. The popular altcoin has a market value of $2.844 billion.