The cryptocurrency BONK is showcasing impressive market performance by forming a Cup & Handle pattern and opening up new growth prospects due to recent events.
Cup & Handle Formation
The price of BONK has surpassed the resistance level at $0.000024, confirming its bullish structure. Over the last 24 hours, the asset has risen by 5.69% with increasing trading volumes and sustained buying pressure.
First US ETF Launch
The scheduled launch of the first BONK ETF in the US tomorrow provides a regulated entry point for both institutional and retail investors, enhancing the token's accessibility.
Institutional Investments and Outlook
Safety Shot, Inc. has acquired 228.9 billion BONK tokens, increasing its share by over 2.5%. These tokens will be used for staking, liquidity, and ecosystem participation, which expands their utility and showcases growing institutional interest.
With the technical structure in place, rising volume, and macroeconomic support, BONK appears poised for significant growth potential as momentum accelerates.
