BONK Defies Gravity: Bulls Eye $0.00005363 Breakout as Support Holds Strong

Memecoin's make-or-break moment arrives as BONK carves out a stubborn floor.

Resistance Roulette: Can the Solana-based token punch through its $0.00005363 ceiling?

Traders are glued to charts as BONK stages its third retest this month—because nothing says 'serious investment' like a dog-themed crypto clinging to four decimal places.

Watch for either a breakout rally or the sound of leverage getting liquidated across Discord channels.

• BONK is up 52.88% for the week despite losing ground for 24 hours.
• A bullish breakout pushed the price up to around 300% from late March.
• Support levels are stable, still suggesting an upside ahead.

BONK is trading at $0.00003580, reflecting a 6.01% decline in the past 24 hours. However, zooming out to the weekly chart paints a more optimistic picture, BONK has rallied by an impressive 52.88% over the last seven days.

This rapid surge, coupled with an uptick in trading volume, which now stands at $1.46 billion, suggests that the recent price dip may be a short-term correction rather than the end of an upward trend.

With a current market capitalization of $2.89 billion, BONK is solidifying its place among the top meme coins, attracting significant investor interest. A 7-day candlestick chart displays an unequivocal shift in market sentiment.

While sideways or mild bearish movement during the start of the week was indicated, an injection of buying pressure around the middle of the week triggered a bullish breakout.

Successive green candles along with surging volume pushed the price to an intraday high just below the mark of $0.000040. After reaching that area of resistance, there followed a slight retreat, creating a phase of consolidation around $0.000035.

This slight red and green candle sequence is typical of market indecision, a likely pairing of profit-taking as well as accumulation by incoming buyers preceding the next movement.

BONK Chart Breakout Confirms Long-Term Trend Reversal

BONK’s long-term daily chart shows an even more impressive and convincing picture. Having remained under bearish pressure since November 2024, BONK broke its downtrend definitively at the end of March 2025.

This breakout triggered a sustained rally, lifting prices by an eye-watering 272.77%, or nearly 0.00002993 of value. This marked an extremely telling change of sentiment, as sellers slowly released their grip and buyers assumed dominance.

The rally even reached its pinnacle of $0.00004075 but decreased to an extent to $0.00003754, down 2.80% for the day, due to likely profit-taking. Still, the chart is bullish. Notably, the former resistances of $0.00002584 and $0.00003669 have now turned into support areas.

These are supporting the current price movement as its floor, upholding the trend. As long as BONK is above $0.000035, the mid-term route remains bullish.

BONK Mid-Term Outlook Turns Bullish

Crypto analyst Solberg Invest reported recently that the price of BONK has already moved up nearly 300% from his initial entry alert, citing the meme coin’s nice recovery and breakout.

Although the current consolidation might cause temporary indecision for day traders, the longer-term technical picture remains bullish.

The next major resistance of interest is for $0.00005363. Breaking out above that line might initiate another round of bullish movement.

Overall, the price action of BONK, facilitated by high volume and bullish community sentiment, makes the recent decline more of a breather than a reversal.

As long as the price of BONK remains above its most significant support areas, there is still a good chance of another upleg lying ahead of us within days and weeks.

: This article is based on real-time market data and general technical observations. It does not constitute financial advice. Always conduct your own research before making investment decisions.