BONK, the Solana meme coin, is at an intriguing second in its existence. The venture boasts a robust group and a 50% worth improve over the previous month. Not too long ago, BONK has built-in with Bravo Prepared video games and reached a every day income of $ 1.72 M. For a couple of days this month as nicely, it was thought-about probably the most purchased venture by sensible cash, although technical evaluation reveals some conflicting factors.
I simiply consider $BONK goes to make MASSIVE new highs this yr
Greatest Solana beta + most cracked advertising and marketing group + enormous normie attraction
My luggage are completely PACKED pic.twitter.com/jLicOrVAHC
— champ (@champtgram) Might 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 at all times appropriate. However I believe it is usually vital 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 an enormous 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 degree, which aligns with MA50. The 2 bottoms of this higher vary are on the identical worth of $0.0095. That’s an vital help degree.
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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 degree. MA50 and MA100 are potential helps that sit a bit increased that the $0.0095 degree. What may be scary (or thrilling) to merchants is that this enormous empty house after the large pump on the finish of 2023.
Concluding Ideas on BONK Worth 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 have a look at the RSI ranges on the earlier charts and on this one now. On the Weekly, it seems 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 may transform r:r entry for a brief. Though fundamentals are robust, generally worth retraces, and it could be time for it with BONK.
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Is This The Finish of BONK? Technical Evaluation Provides Warning Indicators
Worth has been within the higher vary for a yr – may 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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