BONK Approaches Pivotal Point: Double Bottom Formation Signals Potential Trend Shift

BONK is currently trading at a crucial support level, demonstrating signs of a potential trend reversal. A double bottom formation is emerging as the asset consolidates following a prolonged bearish period marked by consecutive lower highs and lower lows. While this pattern shows promise, confirmation requires a breakout above dynamic resistance in the coming weeks. This breakout could signal a shift from bearish to bullish market structure on the daily time frame.