BONK Surges 5% in V-Shaped Rebound—Are Bulls Primed for the Next Leg Up?
BONK defies gravity with a 5% rally—classic V-shaped recovery or just another dead cat bounce? Meme coin traders aren’t asking questions as liquidity floods back in.
### The anatomy of a meme coin pump
No fundamentals? No problem. BONK’s rebound mirrors the irrational exuberance that’s fueled crypto’s wildest runs. Traders pile in, charts go vertical—rinse and repeat.
### Watch these key levels
The 5% move puts BONK back on breakout watch. Next resistance? Probably wherever the last bagholder bought before the previous crash. Classic crypto.
### The cynical take
Another day, another ‘V-shaped recovery’ in an asset that’s 90% speculation and 10% GitHub commits. But hey—those leveraged longs won’t trade themselves.
Technical Analysis Highlights
- V-shaped recovery: From $0.000020 to $0.00002202, up 4.65%.
- Current pullback: Trading near $0.00002128, down 5.95% in some markets.
- Support zone: $0.000020 identified as a reliable accumulation level.
- Resistance levels: $0.00002389 (immediate), $0.000026 (major), and $0.00002840 (upper consolidation range).
- Breakout target: A move above $0.000026 could project to $0.000041 on double bottom confirmation.
- Indicators: 20-day EMA turning upward; RSI positive; golden cross near-confirmation between 50-day and 200-day EMAs.
Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
