BONK price has broken out from a multi-week consolidation range, confirming bullish intent with a decisive shift in market structure. After testing critical price levels and reclaiming lost ground, the meme coin is now positioned for a continued move higher. The setup suggests further upside potential, with key levels now acting as both technical springboards and psychological targets. With the trend strengthening, traders are now watching closely as BONK approaches higher resistance zones.
BONK traded inside a tight consolidation band between $0.000021 and $0.000027 for several weeks. This range served as an accumulation zone, marked by declining volatility and volume compression. The recent breakout above $0.000027 invalidated the sideways structure and marked the start of a new bullish leg. Based on the height of the prior range, the immediate price target stands near $0.000033–$0.000035, with $0.000038 acting as the next resistance.
Following the breakout, BONK retested the $0.000027 zone with a clean pullback, validating it as new support. This confirmation is critical from a technical standpoint—it reduces the risk of a fakeout and sets a higher probability for trend continuation. The bounce from this level was supported by increasing volume, further solidifying the reclaim. As long as BONK holds above $0.000027 on closing bases, the structure remains firmly bullish.
The ongoing trend is forming a parabolic curve, with BONK printing a consistent series of higher highs and higher lows across the 4H and daily timeframes. Applying Fibonacci extensions from the most recent swing low to high suggests target levels around $0.000044, $0.000052, and $0.000065. Each of these aligns with prior order block zones and historical wick resistances, adding further technical confluence.
On-chain and derivatives data show rising open interest and funding rates, indicating leveraged positions aligning with spot price action. While not a direct chart-based signal, the alignment of derivatives and spot market structure often accelerates breakout trends. If this continues, BONK could attempt a breakout beyond $0.00005 within the next leg.
BONK’s current market structure is clearly bullish, supported by a breakout-retest-confirmation pattern and accelerating trend strength. With momentum aligned and price respecting key structural levels, the short-to-midterm outlook remains positive. As long as the $0.000027 support holds, the market bias favors a push toward $0.00005 and beyond.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
The wider crypto market has signaled bullish sentiment akin to Gold and Silver, which hit…
Crypto markets are entering a powerful accumulation phase, and investors are zeroing in on assets…
The broader crypto market is showing early signs of recovery, with the global market cap…
Beijing-based investment bank China Renaissance is reportedly in talks to raise around $600 million to…
In what could mark one of the most significant turning points in the evolution of…
Many analysts are beginning to focus less on short-term price action and more on long-term…