BONK Price Prediction: Big Move Ahead?
The post BONK Price Prediction: Big Move Ahead? appeared on BitcoinEthereumNews.com.
BONK price is back in the spotlight with an impressive rally, gaining momentum across both daily and hourly timeframes. With the meme coin market heating up again, traders are closely watching BONK for the next breakout move. Based on the latest chart analysis, BONK price is approaching a critical resistance zone, but the structure suggests more upside may be on the table. BONK Price Prediction: Why Is BONK Price Rising Now? BONK/USD Daily Chart- TradingView BONK has rallied over 60% from its local bottom of around $0.000015 to trade near $0.0000245. On the daily chart, the price has convincingly broken above the 50-day and 100-day SMA levels (which were major resistance earlier), confirming bullish sentiment. BONK is now trading above all key moving averages including the 200-day SMA at ~$0.0000239 — a strong long-term bullish indicator. This bullish crossover indicates a shift in momentum, often preceding larger moves. The price has respected the 20-day SMA as dynamic support since early May, indicating strong buyer interest on pullbacks. Is BONK Gearing Up for a Breakout? BONK/USD 1 Hr Chart- TradingView Yes, the hourly chart shows BONK consolidating just below key resistance at $0.0000258, which aligns with a previous high. A clean breakout above this level would open the doors to the next Fib extension zone around $0.0000283 and $0.0000300. Fibonacci Extension Targets: 1.618 Fib = $0.0000283 2.0 Fib = $0.0000301 Given BONK price measured move from the April low ($0.000013) to recent high ($0.000025), we can calculate the possible extension: $0.000025 – $0.000013 = $0.000012 (impulse move) Target = $0.000025 + $0.000012 = $0.000037 A breakout with strong volume could send BONK as high as $0.000037, though that would require broader meme coin enthusiasm and Bitcoin stability. What’s Supporting BONK’s Uptrend? From a technical perspective: Hourly candles show consistent higher highs…
Filed under: News - @ May 14, 2025 11:28 am