The post Bonk (BONK) Price Prediction: Bonk Rebounding From $0.000021 Support—Is a Triangle Breakout Imminent? appeared on BitcoinEthereumNews.com.

Bonk coin, the Solana-based meme token that garnered massive attention in 2025, is now retesting its $0.000021 support level as traders speculate on a possible breakout from a triangle pattern. After weeks of sharp corrections, Bonk crypto has reached a decisive price zone that could either spark renewed bullish momentum or trigger further downside pressure. Market participants are closely watching this level to determine whether Bonk’s next move will confirm a broader recovery trend. Technical Outlook: Triangle Formation in Play From a technical standpoint, Bonk’s price action is approaching a descending triangle pattern, which could soon determine the coin’s next direction. Analysts point to a “golden pocket” zone near $0.000022, a level where Fibonacci retracement aligns with daily support. BONK holds key Golden Pocket confluence; the bullish structure is intact, with potential VAH retest and fresh highs if volume supports: Joe Swanson via X If Bonk maintains support within this critical zone, analysts suggest that the token could rebound toward $0.000039. A breakout above $0.0000264 would further strengthen the bullish momentum and confirm the potential for a broader upward move. Momentum indicators are also showing signs of stabilization. The Relative Strength Index (RSI) suggests selling pressure may be easing, while the 20-day exponential moving average (EMA) is beginning to curve upward. A decisive move out of this consolidation could open the door for a rally toward $0.000037 and higher levels. Institutional Support and Token Burns Bonk’s trajectory is not just dependent on technical charts. Growing institutional activity has reinforced confidence in its ecosystem. Notably, Safety Shot Inc., a NASDAQ-listed company, invested $25 million in Bonk crypto earlier this year, marking one of the first cases of a meme coin being integrated into corporate treasury management. $BONK supply shrinks: DeGods allocation would be $13M today, with 10.98T tokens burned by the…

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Filed under: News - @ August 30, 2025 7:33 pm