- BONK is showing a bullish double-bottom pattern, with strong support near $0.000010 and resistance brewing around $0.000015—setting the stage for a potential breakout.
- Long positions are spiking, with nearly 59% of traders betting on upside, pushing the long/short ratio to 1.43 and signaling growing confidence in a rally.
- If momentum holds, BONK could push toward $0.000020 and even $0.00003180, while key support remains locked at $0.000010 in case of a pullback.
The top memecoins are starting to buzz again as the crypto market stirs back to life—and BONK, the Solana-powered pup in the race, might just be next in line for a proper breakout.
Right now, BONK is changing hands at about $0.00001258 after a 2.19% bump today. Not huge, but steady. The real question is—can this slow climb turn into something bigger and break through that stubborn $0.000015 resistance?
BONK’s Price Setup: A Pattern’s Forming
Zooming into the daily chart, things are shaping up interestingly. BONK is showing signs of a classic double bottom pattern, with a sturdy base forming around the key psychological zone of $0.000010. That’s usually a good sign of a potential reversal.
The neckline? Sits up around $0.000015—also right near the highest volume zone since December 2024. So yeah, that’s a big one to watch.
Despite some sideways action lately, indicators are perking up. The MACD and signal lines are still heading north, and the RSI’s ticking up too, now sitting just over 50. So, momentum’s shifting… maybe even heating up.
Longs Are Loading Up
Now, here’s where it gets a bit more interesting. In just the last few hours, traders have started going long on BONK—big time. Data from Coinglass shows long positions are up to nearly 59%, pushing the long/short ratio to 1.43. That’s a pretty decent swing in sentiment.
Seems like folks are betting that this isn’t just a bounce… they’re prepping for a breakout.
What’s Next? Price Targets for BONK
If BONK manages to crack through that $0.000015 ceiling, we could be looking at a run toward $0.000020. That’s the 23.6% Fib retracement level—solid first stop on the way up.
And if that momentum keeps rolling? Next major target would be $0.00003180, which lines up with the 50% Fibonacci zone and another big volume area. Of course, if things go south, the key support is still holding firm at $0.000010.
So yeah—BONK’s got some potential brewing. It’s not breaking out just yet, but the pieces are starting to fall into place. Let’s see if the memes have more magic left.
