- BONK is testing the $0.0000177–$0.0000226 demand zone, with RSI and OBV hinting at bullish momentum.
- Dogecoin’s ETF hype and strong ROI are fueling positive sentiment across memecoins, including BONK.
- A short-term dip toward $0.0000216 remains possible, but holding support could trigger the next breakout rally.
The memecoin market is buzzing again, and Dogecoin’s ETF hype has spilled over into other names, including BONK. Traders are asking if BONK can ride the same wave — or if another price dip could come first. Recent data hints at both possibilities. A liquidation heatmap suggests a potential move down to $0.0000216, which could provide the next key entry zone for patient buyers.
Dogecoin Hype Fuels BONK Sentiment
Dogecoin remains the king of memecoins, having survived multiple cycles and still holding strong as the most recognizable token. Back in 2021, it skyrocketed in the final stages of Bitcoin’s run and helped ignite the wider meme frenzy. Now, with DOGE showing a 35% monthly ROI compared to Ethereum’s 6.18%, traders see relative strength returning to the meme sector. If history rhymes, this renewed attention could benefit BONK as well, reinforcing bullish sentiment across the space.
BONK Price Approaches Critical Demand Zone
Looking at BONK’s one-day chart, analysts plotted Fibonacci retracement levels based on the June rally. The key levels stand at $0.0000177 and $0.0000226, with the Point of Control also aligning at $0.0000226. Together, these levels create a demand zone between $0.0000177 and $0.0000226 — an area BONK is now testing.
The technicals show short-term bullish momentum: RSI sits above the neutral 50 mark, while OBV has climbed steadily, pointing to ongoing buying pressure. The internal market structure has shifted bullish too, which gives traders some reason for optimism despite the recent correction.
Could BONK Face One More Dip Before the Next Rally?
The liquidation heatmap adds another layer to the story. Over a two-week lookback, BONK showed a strong bullish reaction near $0.0000223 — a magnetic zone just under a key Fib level. But since this zone wasn’t fully swept, another short-term dip could still play out.
If that happens, it may be less of a bearish breakdown and more of a healthy retest before continuation. Traders will need to keep an eye on Bitcoin’s broader trend, as a pullback in BTC could weigh on memecoins across the board. Still, if BONK holds its demand zone, the setup points toward potential recovery and another push higher.
