Bonk To Double in Value Soon? Buy or Wait

Bonk is trading around $0.00003305, with signs of renewed momentum after a brief dip earlier in July. The token is consolidating within a bullish pennant formation, and analysts are eyeing a potential breakout.

In this article, we will look at bonk crypto next target and latest news.

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Bonk Crypto Next Target

Current Price: ~$0.00003305
24‑Hour Range: $0.00003276 – $0.00003670, implying intraday volatility around 12%
Market Cap Estimate: ~$2.6 billion (circulating supply ~78 trillion BONK)
24‑Hour Trading Volume: Over $1.3 billion; recent surge of ~15% week‑on‑week
Circulating Supply: ~78–81 trillion BONK, max ~88.3 trillion

📈 Key Technical & Market Indicators

Bullish Pennant Pattern
Price has compressed between support at ~$0.00003282 and resistance at ~$0.00003657. A breakout above the upper boundary could trigger a 30–40% rally toward ~$0.000048.
Momentum Signals
RSI is near ~60, implying there’s room for upward movement before overbought conditions arise. Volume has spiked by ~135% in recent sessions.
Support & Resistance Levels
- Support: ~$0.000032 and ~$0.000031
- Resistance: ~$0.000036–$0.000037 (recent highs), breakout level at ~$0.00003657

📰 Latest Developments & Market Sentiment

Strong Intraday Bounce
BONK surged ~6% intraday on July 28, rebounding from early losses to reach ~$0.000036, driven by heavy volume and institutional interest near resistance zones.
Market Outlook and Burn Activity
Analysts note a major upcoming burn initiative and increased activity from smart money wallets, indicating supply compression and renewed investor confidence.
Macro Meme Coin Landscape
In July 2025, BONK remains a top meme token on Solana, alongside SHIB and DOGE, though newer entrants like Little Pepe (LILPEPE) are rapidly gaining attention for their utility-forward approach.
Expert Insight on Meme Sector
A hedge-fund manager highlighted BONK among meme tokens supporting structured growth strategies—albeit cautioning meme coins now require stronger narratives to compete beyond virality.

Summary & Outlook

BONK is consolidating near $0.000033, trading inside a classic bullish pennant pattern. Key takeaways

Bull Case: Breaking and closing above $0.00003657 could propel price toward $0.000045–$0.000048, reflecting a potential 30–40% upside.
Bear Case: Failure to hold $0.000032 support may lead to a pullback toward $0.0000310–$0.0000305.
Catalysts to Monitor
- Confirmation via breakout above pennant
- Sustained volume and RSI readings
- Institutional accumulation or whale activity
- Overall trajectory of meme coin market and Solana ecosystem usage