BONK, the Solana meme coin, is at an intriguing second in its existence. The challenge boasts a robust neighborhood and a 50% worth enhance over the previous month. Just lately, BONK has built-in with Bravo Prepared video games and reached a every day income of $ 1.72 M. For a number of days this month as properly, it was thought-about essentially the most purchased challenge by sensible cash, although technical evaluation reveals some conflicting factors.
I simiply consider $BONK goes to make MASSIVE new highs this 12 months
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My baggage are completely PACKED pic.twitter.com/jLicOrVAHC
— champ (@champtgram) Could 28, 2025
There are individuals like Champ who assume there’s nonetheless “bread” left within the coin. He factors out some good fundamentals, too. I might not say my technical evaluation is all the time right. However I feel it’s also essential to think about 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 transferring 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 12 months 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 essential help stage.
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(BONKUSD)
Subsequent, for our evaluation, we’ll have a look at the Every day timeframe. Right here, the BONK worth ranges across the Transferring 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 might be scary (or thrilling) to merchants is that this enormous empty house after the huge 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 worth. And is now breaking under MA200. Return and have a look at the RSI ranges on the earlier charts and on this one now. On the Weekly, it appears like it might go both method. It’s nonetheless within the bullish space every day, however the rejection from MA200 and breaking under it on 4H timeframe might become r:r entry for a brief. Though fundamentals are robust, typically worth retraces, and it is perhaps 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 12 months – might be accumulation or distribution
RSI may want to chill down extra
Potential transfer right down to $0.0095 or decrease
Must reclaim MA200 on 1D for
The submit Is This The Finish of BONK? Technical Evaluation Provides Warning Indicators appeared first on 99Bitcoins.
