Bonk (BONK) Price Prediction: BONK Rebounds at Key Support as Bulls Eye Over 70% Rally Despite Recent Slide

Despite the recent slide, analysts remain cautiously optimistic, with bullish market structures still intact and potential for a sharp rebound on the horizon.

BONK Price Action Stabilizes Amid Technical Support

The Bonk price prediction has turned a corner as the token appears to have found support at around $0.00001883—a level aligning with the 200-day moving average, daily horizontal support, and the key 0.618 Fibonacci retracement. This confluence of technical indicators suggests that BONK may have bottomed out after its recent correction.

Bonk (BONK) was trading at around $0.00001996, up 4.60% in the last 24 hours at press time. Source: Brave New Coin

According to TradingView data, BONK’s price chart has maintained a series of higher highs and higher lows, signaling the continuation of a bullish trend. “Price is now stabilizing in a low-timeframe range,” one analyst noted, adding that this often precedes a bullish continuation.

If current conditions hold, the token could see a rally of up to 77%, with the next major resistance sitting above the Point of Control (POC) level—a high-volume zone historically linked with significant price activity.

BONK Technical Analysis: Key Indicators and Patterns

From a broader perspective, BONK technical analysis reveals a market structure that is holding strong, even amid short-term volatility. The BONK RSI indicator and BONK TD Sequential tools suggest the token is neither overbought nor oversold, offering room for a healthy bounce if buying momentum increases.

The potential continuation pattern points to a 77% upside, aligning with prior swing highs and Fibonacci extension targets. Source: The_Alchemist_Trader on TradingView

Derivatives data also support this cautiously bullish outlook. BONK’s funding rates on major platforms remain stable, hovering between 0% and 1%, indicating that traders are not heavily leveraged in either direction. This neutral stance suggests a balanced market, where significant movement could be triggered by a breakout or breakdown at current levels.

Additionally, the CoinGlass Liquidation Heatmap identifies a liquidity cluster around the $0.0000233 area, reinforcing this zone as a potential short-term target if upward momentum resumes. In volatile markets like meme coins, such clusters often act as magnets for price action, making them closely watched by both retail traders and institutional participants.

BONK Bears Still Lurking: Will Bonk Rise Again?

Despite the emerging bullish signs, not all analysts are convinced the worst is over. Some chart watchers have pointed to a recent reaction from a daily supply zone, suggesting BONK’s recent rally attempts may have been short-lived liquidity grabs. In such scenarios, price often pushes slightly higher to lure traders in before reversing sharply—behavior typical of what some call “BONK pump and dump” dynamics.

“I’m eyeing another supply slightly higher… If BONK wants to keep being predictable, I could see it popping up, grabbing those stops, and then giving us another short leg down,” one trader commented in a recent technical analysis.

The uncertainty reflects the broader question in the community: Will Bonk rise again, or is another breakdown imminent? The answer may lie in how BONK behaves around its current support level. A sustained defense here could shift market sentiment decisively in favor of the bulls.

BONK Market Cap and Meme Coin Context

As of now, Bonk crypto retains a significant position among Solana meme coins, supported in part by the broader ecosystem’s growth and increasing validator activity. Although it faces stiff competition in the meme space—such as BONK vs WIF and BONK vs PEPE comparisons—the token has managed to maintain its relevance thanks to a dedicated community and frequent trading activity.

BONK is primed for a breakout, with consolidation and a falling wedge signaling its next upward move. Source: Bitcoinsensus via X

The BONK market cap continues to hover in the mid-cap range, giving it enough room for both upward mobility and volatility. BONK’s recent slide did shake some short-term holders, but whale activity suggests that larger investors may still be accumulating during these dips.

BONK Pullback or Breakout? What Comes Next

Looking ahead, traders are closely watching for a decisive move—either a breakout above the POC resistance or a breakdown below the current support. If bulls manage to sustain the price above $0.00001883 and pierce through the $0.0000233 liquidity zone, it could open the door for a broader rally toward the anticipated 77% upside.

Conversely, if the support fails, the token could revisit lower support levels, which may trigger renewed caution across the BONK meme coin community.

For now, the market remains in a holding pattern, with cautious optimism prevailing. With its solid technical foundation and growing market interest, Bonk cryptocurrency could be on the verge of its next major move—bullish or bearish. Traders should remain alert, as the next few sessions may define the BONK crypto prediction 2025 trajectory.