BONK surges 18.2% as bullish sentiment sweeps across crypto markets, led by altcoin breakouts
BONK posted a 5% rally with rising platform traction and bullish indicators signaling a potential breakout from consolidation.
Solana meme coin launchpad Pump.fun has lost a significant chunk of its market share to LetsBonk.fun. This comes just ahead of the former’s token generation event, in which the launchpad could raise up to $4 billion. Solana’s Pump.fun Loses Dominance To LetsBonk.fun In an X post, Solana News revealed that Pump.fun has hit a new all-time low with just a 36% market share, while LetsBonk.fun’s market share has surged to 54%. Jup data also confirms this development. At press time, LetsBonk boasts a market share of 48.90%, with a 24-hour trading volume of $539 million. On the other hand, Pump boasts a market share of 39.80%, with a 24-hour trading volume of $438 million. Related Reading: Analyst Says Buying This Meme Coin Is A 3X Leveraged Play If Solana ETFs Go Live This development comes amid Pump.fun’s proposed public token sale, scheduled for July 12. Well-known Solana influencer Lynk has described this token sale as the “final scam” for the meme coin launchpad. The platform has been under heavy criticism for the amount of money that it has extracted from the Solana ecosystem, without incentivizing community members in any way. Some community members had expected Pump.fun to airdrop its token to rewards platform users instead of conducting a public token sale. Lynk shared details of the public sale, with the meme coin launchpad planning to sell the ‘PUMP’ tokens $0.004 each. The token boasts a total supply of 1 trillion, meaning a fully diluted value (FDV) of $4 billion. However, Pump.fun plans to raise around $600 million from the public token sale, as only $150 billion tokens will be available. The meme coin launchpad is expected to also conduct a private sale in order to complete its $1 billion capital raise effort, as earlier reported. LetsBonk.fun To Keep Dominating Pump.fun In an X post, crypto influencer Unipcs, also known as ‘Bonk Guy,’ opined that Pump.fun isn’t done, but that LetsBonk.fun will likely continue to be the industry leader. He predicts that this will be the case for the foreseeable future. He outlined several reasons why he believes this would be the case. Related Reading: Solana Picture Bigger Than $420: Analyst Predicts 140% Surge To New ATHs Firstly, he stated that LetsBonk’s pro-creator, pro-people, pro-Solana ecosystem alignment is a massive strength over Pump.fun. Secondly, Bonk Guy remarked that the strong culture of support within the BONK ecosystem is incredibly hard to replicate by any other platform in a short period. Furthermore, the crypto influencer remarked that Pump.fun had a lot of momentum as a tokenless protocol, especially with a token generation event (TGE). However, LetsBonk.fun was able to flip the platform during this period. As such, Bonk Guy believes that it is hard to see Pump.fun sustainably recover the kind of market share it once had after the TGE event. He also suggested that a “non-negligible amount of activity on Pump.fun is inorganic with a lot os users farming on the platform, hoping that there was going to be an airdrop. As such, the influencer believes that the traffic will dry up once the TGE is over. Featured image from Adobe Stock, chart from Tradingview.com
Pump.fun had dominated the issuance sector since its January 2024 debut, accumulating over $800 million in fees within two years.
BONK rallies on ETF speculation and nears 1M holders, setting up a 1T token burn that could tighten supply and boost prices further.
Both SHIB and BONK displayed inverse head-and-shoulders patterns, indicating continued bullish momentum.
Both SHIB and BONK displayed inverse head-and-shoulders patterns, indicating continued bullish momentum.
BTC's upswing brought cheer to the broader market, lifting major tokens such as XRP, ETH, SOL and ADA.
BTC's upswing brought cheer to the broader market, lifting major tokens such as XRP, ETH, SOL and ADA.
BONK rallied to $0.00001494 as Tuttle Capital filed a post-effective amendment stating its 2x leveraged ETF could go live as early as July 16 if approved.
As the crypto market looks toward a recovery and the likes of Solana make their way out of losses, a crypto trader has called out one meme coin that could be a great play as the SOL price recovers. The BONK meme coin, currently the largest meme coin in the Solana ecosystem and billed for triggering the revival of the blockchain, continues to receive a lot of support as a meme coin that could outperform as the market ushers in the next altcoin season. Solana’s BONK Meme Coin Is The Play Crypto analyst and trader Unipcs became popular in crypto circles on the social media platform X (formerly Twitter) after turning $16,000 into more than $10 million with a long BONK trade. Despite making what many have referred to as a life-changing trade, the trader has refused to close this trade, with the expectation that the meme coin will continue to rise. Related Reading: TD Sequential Flashes Buy: Dogecoin Ready For Rebound To $0.21 In a recent post, Unipcs has once again reiterated his support for the BONK meme coin and why he believes it’s a great play to be involved in. The post mainly points to bullish developments surrounding the Solana ecosystem and why BONK could be a way to maximize gains as the Solana price rallies. The first bullish development the crypto analyst points to is the fact that a Solana ETF is expected to hit the market soon. When this happens, the Solana price is expected to recover in response, possibly rising toward new all-time highs, something that would translate into more bullishness for meme coins domiciled on the blockchain. As for BONK, Unipcs explained that the meme coin acts as a 3X leveraged bet on the Solana price. This is because historically, the BONK price has often risen 3X higher than any gains that Solana puts in. Its highly volatile nature as a meme coin also contributes to this, as it is prone to rapid bursts of rising prices, the same way it is prone to quick crashes. Related Reading: Bitcoin Price At $110,000: Why BTC Must Break Out Of This Wedge Furthermore, the expectations of a Solana ETF being approved by the Securities and Exchange Commission (SEC) are not the only thing propelling the bullishness of BONK. BONK, itself, also has a pending ETF filing with the commission, and the approval of a Solana ETF increases the likelihood of a BONK ETF approval, giving the meme coin even more fuel to rally. Given these bullish factors, the crypto analyst believes that being in BONK could be a good play, especially as the price remains 75% below its all-time high. “Ff we do get Solana season soon, you do not want to be underexposed to BONK,” Unipcs said in closing. Featured image from Dall.E, chart from TradingView.com
BONK’s price action has been back and forth in May, and the cryptocurrency is now essentially back where it started the month. Recent price action reveals that the token is attempting to stabilize at around the 200 EMA after being rejected by the local high near the 0.00002581 level. This rejection led to a measured pullback towards $0.00001820. However, according to a technical analysis on the TradingView platform, the retrace appears to be forming a bullish continuation setup with a 77% corrective move in view rather than indicating a bearish reversal. Bullish Market Structure Holds Firm For BONK BONK’s price retracement has brought it directly into a zone of heavy technical interest. At the heart of this confluence lies the 200 EMA on the 4-hour timeframe, which could technically serve as the next support zone for the meme coin moving forward. In addition, the retracement aligns with the 0.618 Fibonacci level, which is commonly associated with bullish corrections. It also aligns with a daily support zone around $0.00001832 to $0.00001841 and a resistance zone around $0.00002034. Related Reading: Forget Dogecoin, Analyst Says Solana Meme Coin “BONK” Is About To Explode Interestingly, this movement has led to a consolidation between these levels since May 15, and according to the TradingView analyst, the price structure suggests buyers are stepping in to defend the trend. This, in turn, has led to the formation of a higher low. From a volume standpoint, each upward impulse has shown rising volume since the first week of April. However, the recent decline occurred on diminishing volume, hinting at exhaustion from sellers. 77% Upside Move If BONK Breaks Above Resistance Even with the current range, BONK is still within a bullish setup that could send it towards a new 2025 high and possibly towards its current all-time high levels. The important level to watch now is the point of control (POC) resistance at approximately $0.00001955. This level previously acted as the pivot point before the pullback and now serves as the threshold for bullish continuation. Related Reading: This Dogecoin Rival Is Set For An Over 100% Pump – It’s Not Shiba Inu A confirmed close above this region would likely trigger a rapid expansion move toward the next resistance cluster around $0.00002581, before eventually reaching the predicted price target of $0.00003243, which would bring it close to its January 2025 open of $0.000035. As such, the projected target if this plays out will translate to a 77% rally. The price target also aligns with a previous swing high on January 15 and January 18. At the time of writing, BONK is trading at $0.00001995, up by 1,6% in the past 24 hours. Its reaction here, just above the POC resistance, will be an important deciding factor. If buyers manage to maintain pressure and secure a decisive breakout, the stage could be set for a strong rally into the upper resistance band and a retest of BONK’s 2025 swing high. Featured image from Shutterstock, chart from Tradingview.com
The real estate tech enterprise turned Solana-focused public company now holds 609,190 SOL tokens worth over $107 million.
According to crypto analyst CryptoS6, BONK is approaching a critical juncture as it tests the 200-day Simple Moving Average (SMA) at approximately $0.0000238, a level that has historically acted as a strong resistance during downtrends. A decisive break and sustained move above this long-term indicator could signal a significant trend reversal, effectively marking the end of BONK’s prolonged bearish phase. CryptoS6 emphasizes that reclaiming this level would validate bullish momentum and reestablish buyer dominance, setting the stage for an extended rally. Breaking The Long-Term SMA: Why This Level Matters In a recent update on X, popular crypto analyst CryptoS6 pointed out that BONK is flashing signs of a significant technical shift. The price is currently testing the 200-day SMA at $0.0000238, an area widely regarded as a major trend-defining level. Reclaiming this zone would mark BONK’s first serious bullish reversal since early Q1, signaling that buyers are regaining control after months of sideways or bearish pressure. Such a shift in control could ignite renewed investor interest and set the stage for an extended rally. Related Reading: BONK Symmetrical Triangle Squeeze: Is A Mega Breakout Imminent? What makes the setup even more interesting is the minimal resistance standing between the current price and the 0.5 Fibonacci retracement level at $0.0000348. According to CryptoS6, this area often becomes a magnet for breakout-driven momentum, creating room for swift upward moves. If BONK can firmly close above the 200-day SMA, the probability of a stronger rally increases dramatically, as traders are likely to pile in behind the move. CryptoS6 didn’t hold back from making a bold projection either. He suggested that BONK’s chart is setting the stage for what could be a “God Candle” explosive move, a vertical price move that would rapidly push he token from $0.000025 to $0.00004. BONK 3-Way Confirmation: Volume, Trend & History Say ‘Go’ CryptoS6 firmly emphasized that a combination of growing volume, strong trend alignment, and striking historical pattern symmetry reinforces the case for a major breakout in BONK. The recent surge in volume is not just noise; it reflects increasing market participation and suggests that accumulation is underway, often a precursor to a significant price move. Meanwhile, BONK’s price action is aligning with key moving averages, particularly as it eyes a reclaim of the 200-day SMA, a critical indicator of long-term trend shifts. Related Reading: BONK Flashes Buy Signal After Crashing 40% In One Week – Time To Get In? In conclusion, CryptoS6 described the setup as “clean,” meaning the chart offers a well-defined structure and reliable levels for both entry and risk management. With momentum continuously building and minimal resistance ahead, the risk/reward profile remains highly favorable. Featured image from Shutterstock, chart from Tradingview.com
“I expect the platform's success to surprise many,” well-followed X user @theunipcs “Bonk Guy” told CoinDesk in a Telegram message.
Bonk (BONK), one of the more energetic players in the meme coin space, is showing signs of a potentially explosive move as it coils tighter within a symmetrical triangle pattern. This classic chart formation, characterized by converging trendlines of lower highs and higher lows, often acts as a pressure booster for price action — the longer the squeeze, the more powerful the breakout tends to be. The symmetrical triangle squeeze is a technical signal that often precedes sharp breakouts, and in BONK’s case, it couldn’t come at a more pivotal moment. With the broader meme coin market showing signs of strength and sentiment slowly shifting, a decisive move from this setup could define the next chapter for BONK. A breakout above the upper trendline might ignite fresh bullish momentum and open the door to new highs, while a break below support could trigger a sell-off toward lower key levels. Bonk’s Recent Price Action: The Setup For A Big Move According to a recent post by Whales_Crypto_Trading on X (formerly Twitter), Bonk is currently forming a symmetrical triangle pattern on the 1-hour chart. The price has just rebounded from the lower support trendline of the triangle, suggesting that buyers are stepping in to defend the structure and potentially build momentum for an upward breakout. Related Reading: BONK Flashes Buy Signal After Crashing 40% In One Week – Time To Get In? What makes this pattern particularly noteworthy is the potential upside. Whales_Crypto_Trading highlighted a profit target range of 70–80%, should BONK successfully break above the upper resistance trendline. With volatility tightening and volume starting to show signs of recovery, such a breakout could offer a substantial short-term trading opportunity. However, traders are advised to keep a close eye on volume confirmation and key breakout levels to avoid possible fakeouts, as symmetrical triangles can break in either direction. Will The Meme Coin Explode Or Fizzle Out? Bonk’s symmetrical triangle pattern has reached a critical stage, raising speculations about whether the meme coin will break free with force or lose steam under pressure. The recent bounce off the support trendline suggests bullish interest is still alive, and if momentum continues to build, BONK could be gearing up for a powerful breakout, potentially delivering gains in the 70–80% range as projected by traders. Related Reading: Solana’s BONK Roundtrips Total Gains From 2024, Here’s Why It’s A Good Buy Now However, it’s important to remain cautious. Symmetrical triangles are neutral by nature, meaning a breakdown is still on the table if buyers fail to push through resistance. The next few candles on the 1-hour chart could provide key confirmation of BONK’s direction. In the end, BONK is approaching a defining moment. Whether it explodes into a bullish run or fizzles out into another rejection will largely depend on volume, sentiment, and the strength of the breakout. Traders should stay alert, as a big move may be closer than it seems. Featured image from Shutterstock, chart from Tradingview.com
Popular Solana-based meme coin BONK has just flashed a major buy signal following a dramatic 40% price crash over the past week. The TD Sequential indicator, a technical tool for identifying trend exhaustion and price reversals, suggests that the meme coin may be gearing up for a strong rebound to new highs. This could be a prime entry for investors amid the current market downturn. New Buy Signal Sparks Rebound Hopes For BONK According to a new report shared by Ali Martinez, a prominent crypto analyst on X (formerly Twitter), the TD Sequential indicator has flashed a ‘9’ buy signal on the BONK daily chart. This buy signal comes after a week of consistent downward pressure that triggered an over 40% crash in the BONK price. Related Reading: Bold Prediction: XRP Holders On The Path To Millionaire Status—Analyst Year-to-date, BONK has recorded a 60.4% price gain, driven by bullish market conditions and the increase in demand for meme coins earlier last year. However, CoinMarketCap’s data shows that BONK is on a major bearish trajectory, nearly wiping out all its gains in 2025. Despite the decline, Martinez suggests that a strong rebound may be on the horizon for BONK. Typically, a ‘9’ TD sequential analysis indicates that a trend may be reaching its limit. In the case of BONK, it signals a potential price reversal from bearish trends. Martinez’s chart shows a series of bearish black candles that align with BONK’s recent downtrend. The last white candle, which triggered the TD sequential buy signal, suggests that bullish momentum may be building up for the meme coin. For traders, this may indicate a potential buying opportunity if the correct factors and market conditions align. To provide more clarity, when a cryptocurrency flashes a buy signal on its chart, it often indicates that it might be a good time to enter the market. Steep declines, like the one seen with BONK, are typically regarded as prime buying opportunities. These dips offer low prices, allowing investors to acquire the asset at a discount before a potential rebound. BONK Slashes Supply By 2 Trillion In other news, BONK has recorded a significant milestone, with over 2 trillion tokens permanently removed from circulation. The marketing team behind the meme coin proudly unveiled this monumental achievement on Friday, February 7, highlighting the community’s efforts in reducing BONK’s supply and inducing scarcity. While the massive token burn surprised many members of the BONK community, one user commented that large-scale burns such as this would have been more impactful if timed during the bull run, as this could have potentially sparked a stronger price surge for BONK. Related Reading: Final Dip? Dogecoin Correction Could Precede A Record Surge—Analyst Overall, BONK is still trading sideways, experiencing significant volatility and price decline. The 2 trillion token burn has had no noticeable impact on its price dynamics. However, analysts remain optimistic about its future price outlook. Featured image from The Daily Dot, chart from TradingView
After a year of explosive price growth, the Solana based meme coin, BONK, has wiped out all of its 2024 gains, retracing approximately 76% from its peak. Despite this dramatic decline, a crypto analyst has suggested that this dip could be a strategic buying opportunity for investors rather than a cause for concern. Solana‘s BONK Retraces 2024 Gains The broader meme coin market has been experiencing a severe downturn, driven by the volatility and market changes caused by the recent Bitcoin price decline. Following United States (US) President Donald Trump’s trade war, meme coins like BONK, Dogecoin, Shiba Inu, and others crashed severely. Related Reading: Analyst Predicts Massive Breakout For BONK Price, Here’s The Target A recent chart analysis by a TradingView expert identified as ‘Cusdridge19523’ sheds light on the extent of Bonk’s severe decline. According to the analyst, Bonk has round-tripped virtually all of its gains from 2024, dropping over 76% from its most recent market peak. This massive price crash marks the fourth major correction in the meme coin’s history. In 2024, Bonk experienced three significant price pullbacks that saw its price drop by more than 60%. At the beginning of the previous year, the meme coin fell 72.77% after reaching a local peak. Similarly, during the second quarter of 2024, BONK experienced a 74.2% price drop and declined again by 65.05% around the third quarter. Its recent 76.08% in 2025 marks its highest crash compared to previous corrections in 2024. CoinMarketCap also reports that Bonks’ total gains for 2025 are about 78.82%. The meme coin experienced a gradual price drop to its current low, plummeting by 48.02% in one month and another 28.46% in the past week. Currently, the BONK price is still in the red zone, having fallen by 1.28% in the last 24 hours. Its current price is $0.000018, aligning with past support levels and consolidation areas that triggered strong rebounds. The TradingView analyst has also revealed that the market may have to wait between 7 and 90 days for BONK to make a round trip and experience a potential price rebound. Why Now Might Be A Good Time To Buy As BONK reaches consolidation lows similar to past trends, the TradingView analyst believes its current price level presents an attractive buying opportunity for investors looking to take advantage of market dips. Historically, Bonk has shown a clear pattern of strong price reversals after sharp market corrections, giving investors more reason to believe that the token could once again deliver strong returns from market lows. Related Reading: Meme Coin Trader Says BONK Is Headed For New ATH, Here’s Why Additionally, the TradingView expert revealed that the broader crypto market outlook for 2025 is bullish, with speculation growing around Solana-based Exchange Traded Funds (ETFs). The introduction of a Solana ETF could also drive institutional interest, indirectly benefiting meme coins like BONK. The analyst has also highlighted the possibility of a BONK ETF, adding to the bullish fire and potentially driving demand. Featured image from LinkedIn, chart from Tradingview.com
Osprey Funds and Rex Shares are looking for the SEC's sign off for several proposals for exchange-traded funds based off of TRUMP and DOGE.
BONK, the vibrant meme coin, is encountering a price correction after a strong bullish run, raising questions about the future of its uptrend. While natural after a surge, the pullback has prompted speculation on whether bulls can regain control and steer the coin back toward its recent highs. Despite the dip, BONK still shows signs of resilience, with key support levels holding firm. A rebound from these zones could reignite buying interest and set the stage for another rally. However, a failure to hold these critical levels might signal a deeper correction, giving bears the upper hand. The next move for BONK will depend on the balance of market sentiment and technical factors. If bulls return with enough momentum, the coin could quickly recover, solidifying its position in the meme coin space. For now, the market watches closely to see if this correction is a mere pause or the beginning of a longer downturn. BONK Bullish Run Stalls: What Led To The Pullback? BONK’s bullish run has hit a roadblock, with the price experiencing a temporary pullback after an impressive rally. This slowdown appears to stem from profit-taking by early investors, coupled with increased selling pressure near key resistance levels. Additionally, a lack of fresh buying pressure has contributed to the stall as traders await clearer signals for the next move. Related Reading: BONK Price Ready To Surge 1,105% From Here? Analyst Reveals Key Levels To Watch External market factors such as broader cryptocurrency trends and shifts in risk appetite may also have played a role in the dip. Despite the setback, BONK remains within a healthy correction phase, and its ability to hold key support levels will be crucial for determining whether the bulls can regain control and revive the uptrend. Technical indicators suggest that BONK’s momentum is cooling after its recent bullish run. The Relative Strength Index (RSI) shows a decline from overbought levels, signaling a decrease in buying pressure. This cooling phase indicates that the rally may be losing steam as bulls struggle to maintain the uptrend. However, this doesn’t necessarily signal a bearish reversal; instead, it could reflect a natural pause or consolidation before the next major move. Traders should monitor these indicators closely to assess whether the meme coin is poised for recovery or a deeper correction. Potential Rebound Zones For Price Recovery As BONK undergoes a price correction, potential rebound zones are emerging that might serve as key areas for recovery. The $0.000002962 is the first critical level to watch since a bounce here could trigger renewed buying interest. If this level holds, it may pave the way for the token to retest resistance levels near $0.000004002. Related Reading: BONK Finds Stability At $0.00004002, Can Bulls Spark A Comeback? Another possible rebound area lies around the $0.000002320 mark, a stronger support zone from past trading activity. A recovery from this level would suggest sustained confidence among bulls, setting the stage for a broader upward move. Featured image from Shutterstock, chart from Tradingview.com
The BONK price movements have brought it close to a critical support level, and its reaction could make or break its price trajectory from there. A detailed technical analysis on the TradingView platform suggests that the cryptocurrency’s current setup could lead to either a bullish breakout to retest its all-time high at $0.00005825 or a further decline below $0.00001497, depending on how price action unfolds in the coming days. Descending Channel And Double Bottom Pattern For BONK Meme cryptocurrency BONK has largely been trading within a descending channel for the past three months, which has been characterized by the formation of lower highs and lower lows on the daily candlestick timeframe chart. This descending channel pattern kickstarted after BONK reached a new all-time high of $0.00005825 on November 20, 2024. Related Reading: Bitcoin Traders Turn Bearish Despite Price Recovery Above $97,000, Here Are The Numbers As noted by the analyst on TradingView, the BONK price is currently showing signs of a healthy retracement after rejecting at a lower high within the descending channel. This retracement has now seen the meme coin at a critical support zone around $0.000026 within the descending channel. Interestingly, the retest of this support zone hints at the possibility of a double bottom pattern, as the price chart shows BONK had bounced off this zone on December 20, 2024. The double bottom is the bullish scenario for the BONK price. However, the analyst highlights that confirmation on lower timeframes is essential for this double-bottom scenario to materialize. Specifically, a bullish Internal Change of Character (I-CHoCH) within the current support zone would signal that buyers are re-entering the market, which would increase the likelihood of a breakout from the descending channel. Key Price Levels To Watch For BONK Price The $0.000026 level is highlighted as a critical support level to keep an eye on in the coming days to see how it eventually plays out for BONK. Should BONK manage a rebound from this level, the first step toward a sustained bullish move would be to break above the upper trendline of the descending channel, which would be anywhere between $0.000030 and $0.000031. Related Reading: Shiba Inu Price Gearing Up To Fly After Lows, Here’s The Target Upon confirming the breakout, the analyst identified several resistance levels that BONK would encounter on its path to a new all-time high. These levels include $0.00003657, $0.00004754, and a strong resistance point at $0.00006340. However, the analyst also points out that there remains a risk of further retracement or even panic selling, especially if BONK fails to exhibit bullish confirmations through an I-CHoCH in the lower timeframes. This scenario could cause a break below $0.000026 to reach another strong support zone, where a similar I-CHoCH confirmation would still be necessary to validate a potential bounce. Without these confirmations, the bullish outlook could be invalidated. At the time of writing, BONK is trading at $0.00002863 and is up by 5% in the past 24 hours. Featured image created with Dall.E, chart from Tradingview.com
The Bonk team initially promised to execute the burn on Christmas Day, but didn’t get around to it until a day later on Dec. 26.
Following a price spike to new highs in the past few months, the doggy-themed meme coin Bonk (BONK) has since declined and is now consolidating. A crypto analyst noted that Bonk is undergoing a corrective Wave 3 move down, suggesting that the meme coin could be breaking past a downward trend and preparing for a […]
BONK finds itself under increasing selling pressure as its recent rally falters, raising concerns about the token’s ability to sustain its upward momentum. Struggling to maintain its gains, the price has started a fresh drop toward the $0.00002962 key support level, indicating a possible bearish continuation. This pivotal zone is under scrutiny as a failure to hold could trigger further downward movement, amplifying pessimistic sentiment. Such a scenario may lead to heightened volatility, with participants watching for either signs of a recovery or indications of a deeper correction. Technical Indicators Point To Potential Decline BONK is currently trading below the 100-day Simple Moving Average (SMA), a key technical indicator that gauges market sentiment changes. This positioning below the SMA typically signals a bearish outlook as it indicates that the average price over the past 100 days is lower than the current price. Related Reading: BONK Finds Stability At $0.00004002, Can Bulls Spark A Comeback? The fact that BONK is trading below the 100-day SMA raises concerns about the strength of its recent rally and suggests that selling pressure is currently outweighing buying interest, with prices poised for further losses. With the market sentiment turning negative, there is a high risk of continued declines unless a significant reversal occurs. Additionally, the Relative Strength Index (RSI) has begun to drop again after previously reaching the 50% threshold. Specifically, the decline in the RSI indicator signals a potential weakening of bullish momentum, suggesting that buying pressure is fading. Typically, the RSI’s movement toward lower levels implies that market sentiment may be becoming more cautious with the increase in the risk of bearish action. As the RSI moves away from the neutral zone, it could signal growing selling pressure, reinforcing the potential for a deeper pullback in BONK’s price. Selling Pressure Intensifies: How Low Can BONK Go? Selling pressure on BONK has been mounting, leading to a decline in its price as the recent rally fizzles out. With the token trading below the 100-day Simple Moving Average (SMA) and the Relative Strength Index (RSI) showing signs of weakening momentum, the outlook for BONK is increasingly bearish. Related Reading: Is BONK Rally In Jeopardy? Technical Indicators Confirm Weakness If the selling pressure persists, the price could continue to drop, possibly testing key support levels like $0.00002962. A sustained break below this level could cause further losses, with the next target being the $0.00002320 support level. However, if the meme coin experiences a rebound at $0.00002962, it could initiate a fresh climb toward the $0.00004002 mark. Successfully breaking above this resistance might shift the momentum, potentially triggering a rally beyond the 100-day SMA and targeting the $0.00006247 resistance level. Featured image from LinkedIn, chart from Tradingview.com
Recent trading activity indicates that BONK is maintaining stability at the critical $0.00004002 support level. This stabilization comes after a period of downward pressure, raising speculations of a rebound on the horizon. With bulls showing signs of resilience, the stage is set for a comeback that could redefine BONK’s near-term trajectory. Will this level be the springboard for a recovery, or is further consolidation needed before the next move? Support Holds Steady: Signs Of A Bullish Rebound As market sentiment teeters between caution and optimism, determining the meme coin’s recent hold at the $0.00004002 support level is crucial in order for investors and traders to reevaluate their positions ahead of potential volatility. Related Reading: BONK Jumps 20% As ‘Dog Season’ Starts, Analyst Says On the 4-hour chart, BONK is exhibiting a steady upward trajectory despite trading below the 100-day Simple Moving Average (SMA). After rebounding strongly from the critical $0.00004002 support level, the asset is making strides to extend its gains, aiming toward the $0.00006247 resistance zone. A successful breach above the 100-day SMA could further validate its recovery, possibly opening the door to higher levels. Also, the formation of the 4-hour Relative Strength Index (RSI) reveals a resurgence in buying pressure and a shift toward a more bullish market sentiment. When the RSI rises and reaches 50%, it could confirm its upside movement, giving BONK the strength to push higher and test key resistance levels. BONK Performance On The Daily Time Frame BONK is showing signs of a potential upward movement on the daily chart, staying above the 100-day SMA after a rebound at the $0.00004002 support level. Its maintenance above this support provides a foundation for further growth. If BONK can maintain its position above this level and continue building momentum, it could pave the way for a breakout and more upside movement. Furthermore, the daily RSI shows signs of a rebound, maintaining a steady position above the 50% threshold. The continued trend above this level implies that the asset is in a favorable position for more gains, with the possibility of a sustained rally. Should the RSI continue to climb, it could indicate growing confidence among traders and signal positive price action for the meme coin. Related Reading: Is BONK Rally In Jeopardy? Technical Indicators Confirm Weakness Thus far, BONK is at a pivotal moment, having found stability above the $0.00004002 support level and the daily 100-day SMA. If Bonk can sustain its position above this support and build on its current momentum, a potential recovery could be underway, possibly driving the price toward the $0.00006247 resistance level and beyond. Nonetheless, failure to maintain $0.00004002 may alter the meme coin’s direction to the downside, causing it to retest lower support zones such as $0.00002962 and $0.00002320. Featured image from Medium, chart from Tradingview.com
BONK is facing mounting bearish pressure as technical indicators signal growing weakness in the market. After a brief attempt to stabilize, the token appears to be losing momentum dropping again toward the $0.00004002 for another test, with key metrics pointing to further downside. As BONK navigates these challenging conditions, speculations are on whether the meme coin can reclaim its footing or if deeper losses are inevitable. This analysis dives into BONK’s current market performance under bearish conditions, highlighting the technical indicators that signal potential weakness. Furthermore, we will assess the likelihood of a recovery or a continuation of BONK’s downward trajectory by analyzing critical support levels, market trends, and the broader outlook, Technical Indicators Signal Growing Weakness For BONK On the 4-hour chart, BONK exhibits negative sentiment, trading below the 100-day Simple Moving Average (SMA) as it trends downward toward the $0.00004002 support level. A continued descent to this support suggests that selling pressure is intensifying, and if the support fails to hold, the asset could experience more declines. Also, an analysis of the 4-hour chart reveals that the Relative Strength Index (RSI) has now declined to the 44% level following a previous attempt to rally, which peaked at 49% before losing strength. A declining RSI, particularly as it remains below the neutral 50% level, indicates that bearish momentum is building. If the RSI continues to dip, it could further validate the downtrend, potentially leading to more significant price drops as selling pressure intensifies. Related Reading: BONK In Trouble As Sharp Decline Hints At An Impending Pullback On the daily chart, the meme coin displays notable downward movement, highlighted by a bearish candlestick with a strong rejection wick that has emerged after a failed recovery attempt. The inability to sustain an upside direction implies a lack of buyer confidence and a prevailing negative sentiment in the market. As BONK aims at the $0.00004002 support level, the pressure from sellers could intensify, raising concerns about the possibility of a breakdown. Finally, the 1-day RSI shows increasing negative pressure on the cryptocurrency, with the signal line dropping sharply from the overbought zone to 56%. This decline marks a shift in momentum, indicating that buying strength is weakening and selling pressure is rising. Should the RSI continue to fall, it could signal sustained pessimistic sentiment and declines for BONK. Bounce Back Or Further Decline? Two potential scenarios are likely as BONK faces bearish pressure: a bounce back or further decline. If the meme coin can hold the critical $0.00004002 support level and attract renewed buying interest, it could spark a recovery, possibly reversing the current downtrend and pushing the price to the $0.00006247 resistance range and beyond. Related Reading: Bonk Downward Drift To $0.00002635, Can Bulls Ignite A Trend Reversal? However, if selling pressure persists and BONK fails to sustain the $0.00004002 support level, a deeper decline may follow, with the price potentially dropping to lower support zones, including $0.00002962, $0.00002320, and below. Featured image from X, chart from Tradingview.com
Meme coin trader Unipcs (Bonk Guy) has predicted that BONK will soon hit a new all-time high (ATH). The crypto further outlined several reasons why the Solana meme coin is about to blast through ATHs again. Why BONK Is About To Reach A New ATH In an X post, the meme coin trader said that […]
In his latest YouTube video titled “Turn $1,000 into $100,000 With Meme Coins in 45 Days! [I’m Buying These Memes Now],” Miles Deutscher provides an analysis of the current memecoin landscape where he lists specific coins that he believes are poised for substantial growth. Deutscher contextualized the current market environment, stating, “altcoins are now breaking out of a key resistance level on the weekly, absolutely flying specifically the meme coins.” He attributes this surge to the memecoin supercycle, driven by increased retail participation and strategic exchange listings. “The altcoins that people are bidding in light of this breakout are the memecoins, specifically the ones that are getting exchange listings,” he explains. List Of Deutscher’s Top Memecoins To Buy Now Among the top memecoins Deutscher highlights, Pepe (PEPE) is a standout performer. “Pepe is my first 100x through memecoins,” Deutscher exclaims. He advises a proactive trading approach, utilizing technical indicators to navigate its price movements. “Pepe continues to show strong bullish signals, making it a prime candidate for long-term holds and active trading,” he asserts. Related Reading: Uncertainty Looms For Crypto As SEC And CFTC Leadership Transitions Unfold Under Trump Dogwifhat (WIF) is another memecoin that Deutscher identifies as having significant upside potential. “WIF is performing exceptionally well right now,” he notes, pointing to its strong market performance. Deutscher recommends monitoring breakout patterns and technical signals akin to those observed with Pepe, suggesting that WIF is well-positioned to capitalize on the ongoing market momentum. “Watch for breakout patterns and technical signals similar to Pepe,” he states. Foxy (FOXY) also garners attention for its remarkable performance, currently up approximately 110% in the last 13 days. “Foxy has started flying the spell call from yesterday,” Deutscher states. He recommends a strategic approach of taking partial profits while maintaining the majority of the position to maximize returns. “Targeting higher range highs with potential for yearly high retests,” he explains. Spell (SPELL) is another memecoin that Deutscher praises, having increased by 41% since his entry and 67% in the last 12 days. He attributes its success to “unit bias and low market cap psychology,” emphasizing the psychological factors that drive retail investment in lower-priced tokens. “Spell is the lowest market cap meme on Coinbase, and unit bias is a real thing with retail,” he observes. Deutscher targets a multi-billion market caps for Spell, advocating for holding positions to fully capitalize on its growth potential. Related Reading: New Era For Crypto Regulation? SEC Chair Gensler Suggests He May Step Down Bonk (BONK) and Floki (FLOKI) are recognized by Deutscher for their consistent performance within the memecoin sector. “Bonk continues to be a strong performer,” Deutscher remarks, while FLOKI’s substantial gains of approximately 85% are noted as being driven by overall market momentum. “FLOKI benefits from the flywheel effect and overall market momentum,” he explains. Peanut the Squirrel (PEANUT) is highlighted for its explosive growth, having surged by an impressive 1,800% within the last nine days. Deutscher attributes its rapid rise to heightened retail investment and speculative trading. He underscores Peanut’s potential for continued growth, driven by its strong momentum and increasing market interest. “Peanut exemplifies the explosive potential within the memecoin arena,” he states. Goat (GOAT), the leading AI memecoin, has seen a fivefold increase over the past month and has crossed the $1 billion market cap with the latest surge. However, GOAT is far from done. “Goat is targeting multi-billions,” Deutscher asserts, indicating his confidence in its scalability and long-term viability. In addition to these primary memecoins, Deutscher also mentions SPX6900 (SPX) and Giga (GIGA) as newer additions to his portfolio, both showing positive returns. “SPX is considered a relative strength leader with potential for significant upside,” he elaborates, while Giga’s performance is tied to technical setups and anticipated exchange listings, making it a strong contender in the memecoin sector. “Giga remains a strong contender based on its technical setups and upcoming exchange listings,” Deutscher notes. Deutscher also touches on several other memecoins, including Popcat, MOG, Miggles, Flaky, Pups, Simon’s Cat, Toshi, Billy, and Paradise, each noted for their varying performances and niche market potentials. He observes, “animal coins have been super hot,” particularly cat-themed memecoins like Popcat and MOG, which he believes are ripe for rotation plays within their specific sub-sectors. In general, Deutscher emphasizes the current significance of exchange listings and weekend trading dynamics. “Weekend pumps have become a lot more probable across the board now that retail is back,” he explains, noting that retail investors are more active during weekends, driving substantial market movements. He also advocates for monitoring intra-rotations within memecoin sub-sectors, such as cat-themed coins, to capitalize on emerging trends and early investments. At press time, PEPE traded at $0.00002080. Featured image from iStock, chart from TradingView.com
Bonk has taken a downturn, sliding toward the crucial $0.00002635 price mark as bearish forces take charge. This level could be the bulls’ last stand to regain momentum and prevent a deeper correction. With market sentiment hanging in the balance, all eyes are on whether buyers can mount a comeback at this pivotal support. A successful defense could spark a bullish reversal, bringing fresh optimism to Bonk’s price trajectory. But if the bears hold strong, the path forward may grow more challenging. This analysis aims to examine the meme coin’s recent price movement as it approaches the $0.00002635 support level, assessing whether this key point could spark a potential trend rebound. By analyzing technical indicators, market sentiment, and historical price patterns, this article seeks to provide insights into whether upbeat pressure can reassert itself at this level or if further bearish pressure could drive the price lower. Analyzing Bonk’s Price Trends And Recent Downward Shift Recently, despite staying above the 100-day Simple Moving Average (SMA), Bonk has shifted into a bearish phase on the 4-hour chart. After facing resistance at $0.00004002, the price has pulled back toward $0.00002962. This retreat indicates increasing negative pressure, with sellers gaining control. If the price fails to hold at $0.00002962, more declines could follow, possibly testing lower support levels. Also, the 4-hour Relative Strength Index (RSI) has fallen from 80% to 63%, signaling a decline in bullish momentum. As the RSI approaches neutral territory, buying pressure has eased, and market confidence in the uptrend is diminishing. Specifically, this change suggests that BONK may be entering a correction phase, with the potential for further downward movement should the trend persist. Related Reading: Crypto Analyst Says Solana-Based BONK Is In Prime Position For Legendary Rally On the daily chart, after facing resistance at $0.00004002, BONK is exhibiting a growing pessimistic sentiment. A negative candlestick pattern and a decline toward $0.00002962 highlight increasing selling pressure as the meme coin struggles to maintain higher levels. This implies that market momentum is shifting, and BONK may face additional downside pressure if it fails to stabilize. Finally, on the 1-day chart, the RSI has dropped from 82% to 67%, signaling a possible shift in momentum suggesting fading buying pressure and a transition from an overbought condition to a more neutral or bearish phase. As the RSI moves further from overbought levels, it indicates weakening upward strength, with sellers possibly gaining control, which could lead to a price correction or consolidation. Navigating The Downturn: Can Bulls Push Back Bonk From Here? As the market faces a downturn and the price drops toward $0.00002962, the critical question is whether bulls can regain control and reverse the trend or if bearish pressure will continue pushing the price lower. If BONK reaches this support level and the Bulls can successfully defend it, a rebound could follow, potentially driving a resurgence toward $0.00004002 and beyond. Related Reading: BONK About To Enter 3rd Wave, Analyst Reveals Next Target However, failure to defend this support could signal more declines, which could target lower levels, such as $0.00002320 and beyond. Featured image from YouTube, chart from Tradingview.com
Solana’s rally to $222 puts SOL price within 20% of its all-time high.