- BONK trades near $0.000027 after a 20% rally; next resistance at $0.000034.
- Open Interest hits a yearly high at $507.5M; launchpad revenue tops all Solana platforms.
- RSI signals strong momentum but warns of possible pullback toward $0.000024.
Bonk (BONK) isn’t slowing down—at all. After a big 20% run last week, it’s still climbing, now hovering around $0.000027 as of Tuesday. Momentum’s solid. Between surging on-chain data and derivatives flashing green, traders seem… well, confident. BONK’s launchpad just raked in the most revenue across all Solana platforms for the week, and Open Interest? Yeah, it just hit its highest level this year. Technically, everything’s pointing to one thing: more upside. That $0.000034 level’s coming into focus.
BONK’s Open Interest Hits Its Peak for 2025
According to Coinglass, futures Open Interest in BONK jumped from $393.8M on Saturday to $507.5M by Tuesday. That’s a pretty sharp move—and it’s the highest OI we’ve seen since way back in early December. What’s that mean? Basically, new money’s flowing in. People aren’t just watching this pump—they’re placing bets.
And here’s the kicker: BONK’s own launchpad (yep, let’sbonk.fun—what a name) outperformed every other Solana launchpad. All of them combined. Weekly revenue came in at a massive $7.97 million. That stat alone has bulls feeling even bolder. It’s not just hype anymore—there’s activity behind the scenes.
BONK Smashes Resistance, Next Stop: $0.000034?
Over the weekend, BONK broke clean through that $0.000024 resistance, climbing 6.4% in the two days after. Now it’s chilling above $0.000027, and as long as that earlier resistance flips into support… this rally might just have legs. Short-term? That weekly resistance at $0.000034 is the next obvious target.
The daily RSI? Sitting at 74, which is technically overbought (above 70), so yeah—momentum’s strong. But that also means a pullback could sneak in. MACD looks bullish too, with green bars still stacking up over the zero line and that crossover at the end of June keeping things in motion. Bulls still have the edge, but traders should watch for a cooldown.
Caution Flag? Maybe. But Trend’s Still Bullish
Let’s be real—nothing goes up in a straight line forever. If BONK does catch some profit-taking, a dip back to $0.000024 wouldn’t be too shocking. That’s the zone to watch. If it holds? It might turn into a launchpad (no pun intended) for the next move higher.
Right now though, BONK’s got volume, interest, and price action all leaning the same direction. Not bad for a token that started off as a joke.
