BONK's Double Bottom Dance: Will Critical Support Hold?

BONK is testing a critical support level, hinting at a potential double bottom. Will the bulls defend it, or will the bears take control?

BONK is at a crossroads, flirting with a double bottom pattern near critical support. Will it bounce, or break? Let's dive in.

BONK's Battleground: The Point of Control

BONK is currently trading near a zone where a potential bottoming structure could emerge. Price has recently pulled back into the point of control, marking the most traded level within BONK’s current range. If bulls can hold this level or allow a controlled dip into deeper support below, the structure of a bullish double bottom may form, a setup that often leads to sharp rallies.

Double Bottom Dreams: A Bullish Reversal?

If BONK forms a low at this zone, completing a double bottom, it would be a textbook setup for a rotation back toward the highs of the range. A decisive close above $0.0000145 could push BONK toward $0.0000175, representing a potential upside of about 20.7%.

Critical Support: $0.142 and Beyond

Dogecoin appears to be setting the stage for a potential upward move, with a classic double-bottom pattern taking shape on the weekly chart. At the center of this formation is the key support level at $0.142, which Crypto Man MAB emphasized as being critical to the potential breakout. This level was previously tested and held by bulls back in April 2025, demonstrating its strength as a defensive zone.

Volume: The Missing Ingredient

However, for that scenario to play out, volume must return. The current decline in the volume profile suggests waning interest, which could delay or weaken any bullish reversal attempt. Without a shift in momentum supported by rising volume, the risk remains that price action continues to drift or even break further down.

What's Next for BONK?

If BONK holds the POC or dips into the value area low with a rise in bullish volume, a double bottom could form, potentially launching a move back toward the range highs. Failure to see that volume, however, increases the probability of continued weakness. The next few sessions will be key in validating whether BONK is ready to reverse or still searching for its true support base.

So, will BONK bounce or break? Keep your eyes peeled and your wits about you. This meme coin's next move could be a wild one!