Descending Channel Tightens, BONK Bulls Target 30% Price Surge Next

[MadWhale]

Fundamental analysis:
BONK plans a 1T token burn once 1M holders are reached, plus daily buybacks from BonkFun fees. These moves may ease inflation, but their impact depends on user growth vs. holder sell pressure.

Technical analysis:

BONKUSDT
is navigating a descending channel and approaching key monthly resistance and support levels. A successful breakout above resistance could trigger a potential 30% upside toward 0.00002525, setting the stage for a strong move.