BONK, the Solana meme coin, is at an intriguing second in its existence. The venture boasts a robust group and a 50% worth enhance over the previous month. Lately, BONK has built-in with Bravo Prepared video games and reached a every day income of $ 1.72 M. For just a few days this month as properly, it was thought of probably the most purchased venture by sensible cash, although technical evaluation reveals some conflicting factors.
I simiply imagine $BONK goes to make MASSIVE new highs this yr
Greatest Solana beta + most cracked advertising workforce + big normie enchantment
My luggage are completely PACKED pic.twitter.com/jLicOrVAHC
— champ 💫 (@champtgram) Could 28, 2025
There are individuals like Champ who suppose 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 right. However I feel it is usually vital to think about a number of situations, even when the long-term worth is projected to make a brand new ATH.
DISCOVER: High Solana Meme Cash to Purchase in Could 2025
BONK Leaping Up Or Plunging Down? Technical Evaluation Speaks
(BONKUSD)
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 worth vary was spent, and this yr it went beneath its earlier low (orange line), and the final 3 candles had been rejected from that stage, which aligns with MA50. The 2 bottoms of this higher vary are on the identical worth of $0.0095. That’s an vital assist stage.
DISCOVER: High 20 Crypto to Purchase in Could 2025
(BONKUSD)
Subsequent, for our evaluation, we are going to have a look at the Each day timeframe. Right here, the BONK worth ranges across the Transferring Averages. This month, it broke beneath 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 will 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
(BONKUSD)
On the finish, we are going to analyse the 4H chart. Right here, MA50 and MA100 rejected the worth. And is now breaking beneath MA200. Return and have a look at the RSI ranges on the earlier charts and on this one now. On the Weekly, it appears like it will probably go both method. It’s nonetheless within the bullish space every day, however the rejection from MA200 and breaking beneath it on 4H timeframe may develop into a superb r:r entry for a brief. Despite the fact that fundamentals are sturdy, generally worth retraces, and it is likely to be time for it with BONK.
Keep protected and don’t let different merchants get your cash!
Be part of The 99Bitcoins Information Discord Right here For The Newest Market Replace
Is This The Finish of BONK? Technical Evaluation Offers Warning Indicators
Value has been within the higher vary for a yr – will be accumulation or distribution
RSI would possibly want to chill down extra
Potential transfer all the way down to $0.0095 or decrease
Must reclaim MA200 on 1D for
Why you possibly can belief 99Bitcoins
Established in 2013, 99Bitcoin’s workforce members have been crypto specialists since Bitcoin’s Early days.
90hr+
Weekly Analysis
100k+
Month-to-month readers
50+
Professional contributors
2000+
Crypto Tasks Reviewed
Observe 99Bitcoins in your Google Information Feed
Get the newest updates, tendencies, and insights delivered straight to your fingertips. Subscribe now!
Subscribe now 
