Is This The End of BONK? Technical Analysis Gives Warning Signs

BONK, the Solana meme coin, is at an intriguing second in its existence. The undertaking boasts a powerful group and a 50% value improve over the previous month. Lately, BONK has built-in with Bravo Prepared video games and reached a each day income of $ 1.72 M. For a number of days this month as effectively, it was thought of essentially the most purchased undertaking by sensible cash, although technical evaluation reveals some conflicting factors.

I simiply consider $BONK goes to make MASSIVE new highs this 12 months

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My baggage are completely PACKED pic.twitter.com/jLicOrVAHC

— champ (@champtgram) Might 28, 2025

There are folks like Champ who assume there’s nonetheless “bread” left within the coin. He factors out some good fundamentals, too. I’d not say my technical evaluation is at all times appropriate. However I feel it’s also vital to contemplate a number of situations, even when the long-term value is projected to make a brand new ATH.

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BONK Leaping Up Or Plunging Down? Technical Evaluation Speaks

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BONK chart on the Weekly timeframe. I’m utilizing 1000BONKUSDT on Bybit for simplicity’s sake. Let’s begin with easy transferring averages and market construction. We see an enormous run on the finish of 2023.

Many of the 2024 value vary was spent, and this 12 months it went under its earlier low (orange line), and the final 3 candles have been rejected from that stage, which aligns with MA50. The 2 bottoms of this higher vary are on the identical value of $0.0095. That’s an vital help stage.

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Subsequent, for our evaluation, we’ll have a look at the Day by day timeframe. Right here, the BONK value ranges across the Shifting Averages. This month, it broke under MA200 and examined its underside twice, each occasions rejected.

For a transfer to the highs to occur, it should reclaim that stage. MA50 and MA100 are potential helps that sit a bit increased that the $0.0095 stage. What may be scary (or thrilling) to merchants is that this big empty house after the large pump on the finish of 2023.

Concluding Ideas on BONK Value Motion

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On the finish, we’ll analyse the 4H chart. Right here, MA50 and MA100 rejected the value. And is now breaking under MA200. Return and have a look at the RSI ranges on the earlier charts and on this one now. On the Weekly, it seems like it could possibly go both manner. It’s nonetheless within the bullish space each day, however the rejection from MA200 and breaking under it on 4H timeframe may develop into an excellent r:r entry for a brief. Regardless that fundamentals are sturdy, typically value retraces, and it could be time for it with BONK.

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