Pullback in Uptrend. Price remains in an Uptrend but has pulled back, which could present a ‘buying dip’ opportunity. Traders should look for the nearest support level where price could stabilize and resume its Uptrend. This support level could be a level where price bounced off of in the past, or a level that was previously resistance.
In this article, we will look at bonk crypto next target and latest news.
For on-demand analysis of any cryptocurrency, join our Telegram channel.
Bonk Crypto Next Target
- Current Price: approximately $0.00002396 per BONK
- Market Cap: around $1.9–2.0 billion
- 24-Hour Trading Volume: between $530–540 million
- Circulating Supply: ~77–80 trillion BONK
- Total/Max Supply: ~88 trillion BONK
Price had a bullish breakout from Channel Down pattern and rallied to $0.000036 resistance for +140% gain.
It also broke above 200 SMA, which signaled resumption of Uptrend. Price got rejected at $0.000036 a few times and pulled back We would be buyers near $0.000025 support, with +20% potential upside back to $0.0000030 or even back to $0.0000036. Stop Loss at $0.000023.
Key Indicators & Technical Signals
- Support & Resistance Levels: Support around $0.00002575; resistance near $0.00004
- Golden Cross: 50-day EMA crossed above 200-day EMA, a bullish signal
- Smart Money Activity: “Smart money” accumulation rose ~317% over the past 30 days, while whales reduced holdings—suggests stronger belief by savvy market participants
- Funding Rate: Remained positive since July 31, indicating bullish sentiment among leveraged traders
- Exchange Outflows: BONK tokens have been exiting exchanges for five consecutive days—often a sign of accumulation
- Volume-to-Market-Cap Ratio: Very high, indicating intense speculative interest but also volatility
Forecast Outlook
- Bullish Scenario: Technical patterns (golden cross + double bottom) and strong smart-money buying suggest a potential rebound toward $0.00004—a ~55% gain from current levels
- Bearish Scenario: If price falls below the $0.00002338 support, the bullish outlook could be invalidated
- Macro Consideration: Given its enormous supply (~88T), reaching ambitious price levels like $1 is mathematically impossible—would require a market cap many times larger than Bitcoin’s peak
Latest News Highlights
- Corporate Treasury Move: Safety Shot acquired $25 million in BONK tokens via a revenue-sharing deal with BONK.fun, and will reinvest 90% of BONK.fun revenue into BONK token purchases
- Volatility and Sell-Off: BONK climbed to $0.00002841 (August high), then dropped 8%, touching support around $0.00002620 amid heavy liquidation (>2 trillion tokens traded)
- Momentum Surge: BONK jumped ~166% in a month, reaching a market cap of $2.9 billion, reflecting strong retail interest and momentum
- Skeptical Forecasts: Experts caution that while short-term rallies are happening, long-term targets like $1 are unrealistic—pointing instead to more sustainable meme-coin plays like LILPEPE or TRX
For on-demand analysis of any cryptocurrency, join our Telegram channel.
