$BONK Technical Analysis;
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- "Massive bullish breakout" in BONK, surpassing 21,500 resistance on the Daily timeframe.
- Memecoins strong when Bitcoin is bullish.
- Short-term bullish for BONK, but Daily situation tougher.
- BONK currently consolidating between 29,000 resistance and 21,500 support.
- To break 29,000 resistance, needs stronger market; Bitcoin ideally above 60,680.
- Likely scenario: BONK to hit 29,000 but consolidate between 24,500 and 29,000.
- Possibility of higher rally if Bitcoin rallies significantly.
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