BONK, the Solana meme coin, is at an intriguing second in its existence. The undertaking boasts a robust neighborhood and a 50% worth enhance over the previous month. Lately, BONK has built-in with Bravo Prepared video games and reached a day by day income of $ 1.72 M. For just a few days this month as properly, it was thought-about probably the most purchased undertaking by sensible cash, although technical evaluation reveals some conflicting factors.
I simiply imagine $BONK goes to make MASSIVE new highs this yr
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My baggage are completely PACKED pic.twitter.com/jLicOrVAHC
— champ (@champtgram) Could 28, 2025
There are individuals like Champ who suppose there may be nonetheless “bread” left within the coin. He factors out some good fundamentals, too. I’d not say my technical evaluation is all the time right. However I feel it is usually vital to contemplate a number of situations, even when the long-term worth is projected to make a brand new ATH.
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BONK Leaping Up Or Plunging Down? Technical Evaluation Speaks
(BONKUSD)
BONK chart on the Weekly timeframe. I’m utilizing 1000BONKUSDT on Bybit for simplicity’s sake. Let’s begin with easy shifting averages and market construction. We see a large run on the finish of 2023.
A lot of the 2024 worth vary was spent, and this yr it went under its earlier low (orange line), and the final 3 candles have been rejected from that stage, which aligns with MA50. The 2 bottoms of this higher vary are on the identical worth of $0.0095. That’s an vital help stage.
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(BONKUSD)
Subsequent, for our evaluation, we’ll take a look at the Each day timeframe. Right here, the BONK worth ranges across the Shifting Averages. This month, it broke under MA200 and examined its underside twice, each occasions rejected.
For a transfer to the highs to occur, it should reclaim that stage. MA50 and MA100 are potential helps that sit a bit larger that the $0.0095 stage. What will be scary (or thrilling) to merchants is that this enormous empty area after the large pump on the finish of 2023.
Concluding Ideas on BONK Value Motion
(BONKUSD)
On the finish, we’ll analyse the 4H chart. Right here, MA50 and MA100 rejected the value. And is now breaking under MA200. Return and take a look at the RSI ranges on the earlier charts and on this one now. On the Weekly, it seems like it could possibly go both method. It’s nonetheless within the bullish space day by day, however the rejection from MA200 and breaking under it on 4H timeframe may change into r:r entry for a brief. Though fundamentals are sturdy, typically worth retraces, and it may be time for it with BONK.
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Is This The Finish of BONK? Technical Evaluation Provides Warning Indicators
Value has been within the higher vary for a yr – will be accumulation or distribution
RSI would possibly want to chill down extra
Potential transfer all the way down to $0.0095 or decrease
Must reclaim MA200 on 1D for
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