Key notes
- Bonk jumped 60% in a week, leaving a downward trend and considering other price gains.
- Bonk’s recent rally is the result of “funny things” promised during the upcoming Solana acceleration.
- A retest from 0.00001700 to $ 0.00001540 (EMA 20 days) could provide healthier entry areas.
Flag
Flag
$ 0.000020
24h volatility:
5.2%
COURTIC CAPESSION:
$ 1.55 B
Flight. 24 hours:
$ 391.85
The token fueled by the meme on Solana’s blockchain, has become bullish, arrows a huge 60% during last week, while the wider sector of the room even Solana also printed massive gains.
After months of drift downwards, Bonk freed himself from his lowering channels, recovering the medium of key moving and raising the feeling among retail and institutional traders.
The rally was still fueled by the anticipation of “funny things” tanned in front of Solana Accelerate, an next event scheduled from May 19 to 23 in New York.
The dog has more fun things to come and accelerate 👀
Who is going to be in New York?
– Bonk !!! (@Bink_inu) April 28, 2025
Technical escape and FIB levels
Bonk came out of a parallel channel descending several months on April 13, overthrowing the medium of exponential travel of 50 days and 100 days in support.
According to CoinmarkCap data, Bonk oscillates nearly $ 0.0000,1934 after reaching an intra -day summit of $ 0.00002,167 on April 28, an increase of 73% compared to its local hollow of 0.00001247 $ on April 22.
The recent gathering pushed Bonk above the fibonacci level from 1.618 to 0.00001990 $. If the bulls maintain control and the volume continues to increase, the next rising targets are at 2.618 FIB (0.00002517), followed by the level from 3.618 to 0.00003044.
The final extension of major FIB, 4.236 to 0.00003369, can act as a magnet if the media threw around the Solana event is intensifying. However, non-compliance with the level of 1.618 could cause short-term retirement to $ 0.00001700.
Bonk daily graphics | Source: tradingView
On the other hand, the relative resistance index (RSI) on the daily delay increased to 66.78, just shy on the basic threshold, signaling a strong bullish momentum but also warning that a recharge time could occur.
Historically, Bonk has seen short consolidations near the level of the 70 RSI before continuing upwards, which suggests that a temporary withdrawal could precede other gains.
Meanwhile, the MacD line remains comfortably above the signal line, with a widening of histogram bars confirming a healthy trend. The momentum remains firmly in the hands of buyers.
Analysts become bullish: $ 0.000040 in sight?
Crypto Analyst World of Charts noted Bonk’s rupture of the descending trend line, predicting a possible 2x in the coming days.
$ Bonk #Bonk The descending descending line has been erased, waiting for 2x in the coming days. pic.twitter.com/mzhogbz3bb
– World of Charts (@ worldfcharts1) April 27, 2025
Meanwhile, Crypto Joe has highlighted an optimistic pennant formation within the lower time, targeting a short -term movement at $ 0.00002690, which aligns closely with the 2.618 FIB level.
#Bonk Has a double -bottomed and bullish flag diagram pattern on the 30 m graph.
Overall: bullish.
Price objective: $ 0.00002690.#Bonk $ Bonk #Crypto #Altcoins #Altcoin-season #Bobusdt#Memecoin #MeMecoins #Alts-season pic.twitter.com/mozztiwhnu
– Crypto Joe (@cryptojoereal) April 28, 2025
Clean daily closure above the simple 200-day mobile average to 0.00002410 $ could unlock a path to a January summit almost $ 0.000040.
Such a decision would represent a 104% rally of current levels and put Bonk back on the most efficient altcoin radar in T2 2025.
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Non-liability clause: Coinspeaker undertakes to provide impartial and transparent reports. This article aims to provide precise and timely information, but should not be considered as financial or investment advice. Since market conditions can change quickly, we encourage you to check the information for yourself and consult a professional before making decisions according to this content.
Cryptographic journalist with more than 5 years of experience in the industry, Parth has worked with the main media in the world of crypto and finance, the collection of experience and expertise in space after having survived bear markets and bulls over the years. STHTH is also an author of 4 self-published books.
Parth Dubey on LinkedIn
