- BONK broke below its uptrend channel, dipping under $0.00000933, with weak bullish response suggesting uncertainty in direction.
- DEX activity shows mixed signals, with transfer value spiking past $45M but declining afterward—suggesting either rising interest or trader capitulation.
- If BONK holds above $0.00000933, it could reclaim lost ground, but weak momentum and sell pressure may lead to further declines.
The daily chart for Bonk (BONK) shows a break below an uptrend channel, a structure that had governed price action since the token’s launch.
For months, this channel—marked by rising support and resistance—acted as a barrier, containing price movements through multiple bounces in 2024. But now? The bottom of the channel, $0.00000933, has been breached.
That breakdown triggered liquidity sweeps, followed by a weak bullish response near the daily candle’s tail. Buyers stepped in, but not with enough strength to confirm a solid reversal.
Bearish Signals from MACD – Is Stabilization Near?
- MACD Line: -0.00000214
- Signal Line: -0.00000194
- Histogram: -0.00000019
These readings scream bearish momentum, with the falling MACD line below the signal line reinforcing this trend. However, the declining histogram suggests that momentum loss could lead to stabilization.
A critical structural shift happened when price fell below $0.00000933 but rebounded slightly. If BONK holds above this level, it could hint at renewed buying interest. The former channel support now acts as resistance, meaning bulls need serious momentum to reclaim lost ground.
BONK’s DEX Activity: Rising Interest or Capitulation?
Transfers & Liquidity Flow
BONK’s DEX trading volumes painted an interesting picture.
- Transfer value spiked past $45 million while transactions soared to 150,000, before a sharp drop to 60,000 transfers.
- Transfers recovered to 110,000 and 120,000, signaling renewed activity.
This surge could mean liquidity influx, fueling a potential rally—or it could hint at traders cutting losses in a declining market.
Total Trades & Volume Analysis
- Weekly peak: 90,000 trades, $4M selling vs. $4M buying (with a slight selling edge).
- Decline to 40,000 trades, where buying volume ($2M) exceeded selling ($1M)—suggesting buyers stepped in as price fell.
- As of the latest data: 49,394 trades, $2.11M sell vs. $2.14M buy—buying slightly dominates, but momentum remains weak.
A consistent rise in transfer activity and buy pressure could support a price recovery. But if buyers fade or selling intensifies, expect stagnation or another leg down.
What’s Next for BONK?
- Bullish case: Holding above $0.00000933 could open a path toward reclaiming the former support (now resistance).
- Bearish case: Weak momentum and growing sell pressure could drag BONK into deeper declines.
For now, the memecoin market remains volatile, and BONK’s next move hinges on whether bulls can step in with conviction or if bears tighten their grip.
