BONK, the Solana-based meme coin, has exploded 60% in just seven days, fueled by ETF hype and technical bullish signals. But with momentum driving the move, can it break through key resistance at $0.00002840?
Why BONK Is Gaining Traction
🔹 Supply Crunch: More BONK is leaving exchanges than entering (bullish accumulation)
🔹 Elder Ray Index Turns Positive: Buyers are back in control
🔹 Golden Crossover Looming: 50-day EMA about to cross above 200-day EMA (a classic bullish signal)
Key Price Levels to Watch
✅ Support:
- $0.00001806 (breakout validity)
- $0.00001435 (wedge failure level)
✅ Resistance:
- $0.00002389 (immediate hurdle)
- $0.00002577 (next test)
- $0.00002840 (major breakout zone)
A clean break above $0.00002840 could send BONK toward $0.00003670—with little resistance in between.
The Big Question: Will the Rally Hold?
While the technicals look promising, BONK’s surge is still largely sentiment-driven. If the Golden Crossover confirms and ETF hype builds, we could see another leg up. But if momentum fades, a retest of support levels is likely.
