BONK must break through the barrier of $0.0000025 to prepare for the breakout.

Bonk (BONK) has fallen more than 50% in the past month and a half, but there are currently signs that a bounce back is approaching. This potential recovery is supported by the formation of a bullish price pattern, positive performance from Solana (SOL), along with a shift in overall market sentiment.

Price Momentum of BONK

History shows that when SOL records a significant price increase, related tokens often tend to rise as well. As of now, SOL has increased by 4.15% in the past 24 hours, seemingly boosting profits across its entire ecosystem.

In the context of bounce back, the price of BONK remains neutral, recording an increase of 1.50% in the past day, reaching an important level of $0.000002158. At this price level, the participation of investors and traders has significantly increased during the same period.

According to data from Bitcoin Magazine, the trading volume of BONK has increased by over 15% compared to the previous day.

Price action of BONK and important levels to watch

Although trading volume has increased and the performance of SOL is strong, the price of BONK remains relatively stable. The reason may lie in the current technical structure.

According to analysis by Bitcoin Magazine, BONK has formed a bearish wedge pattern on the daily chart, a form often associated with potential breakout events. This memecoin is approaching an important pivot point, and a confirmed breakout could trigger a strong price surge.

As of July 2025, BONK has faced resistance multiple times from a downward trend line. It has tested this level more than seven times, each followed by a correction.

Currently, the price has compressed into a narrow range, indicating the potential for a breakout to occur soon.

Source: TradingViewIf BONK successfully breaks out of the current pattern, historical trends suggest it could rise by up to 65% or more, potentially reaching $0.000037. However, this upward momentum may not begin until the price surpasses the threshold of $0.0000264, which is a key breakout level.

Currently, the Supertrend indicator is still on a downtrend, with a red signal and positioned above the current price of BONK, indicating that the downward pressure continues in the short term.

Factors Supporting the Bullish Outlook for BONK

The factors reinforcing the bullish outlook for BONK include the potential for a breakout, strength in the price of Solana, increased accumulation by investors, and a shift in overall market sentiment.

According to information from on-chain analytics company CoinGlass, exchanges have recorded an outflow of funds worth 1.92 million USD for BONK in the past 24 hours.

Source: CoinGlassThis outflow indicates accumulation potential, which could create buying pressure and drive a price increase in the future.

Mr. Teacher