- BONK trades at $0.00002581 with 14% intraday gains, trading above key EMAs in bullish momentum.
- Social sentiment has shifted positively after early-year negativity, supporting retail-driven demand for the memecoin.
BONK memecoin is exhibiting a healthy bullish trend as it is trading above the important moving averages and it is surpassing critical resistance levels. As per CMC data, the meme cryptocurrency has proven to be very resilient, with the current price hovering around $0.00002581 with an intraday gain of 14%.
The technical arrangement is showing a strong bullish story. BONK has managed to surpass both the 50-day EMA at the price of $0.00001788 and the 200-day EMA at the price of $0.00001883, which signifies a possible change in the bearish to bullish sentiment. There is also a setup of a golden cross where both EMAs are heading upward. Moreover, the 200-day EMA has become a good support at $0.00001883, and this is giving a good base to the further upward trend.
The MACD indicator also supports the bullish view, and it is in the bullish zone with a green histogram indicating that the buying pressure is rising. This technical confirmation reinforces the opinion that the recent price action of BONK is supported by the real market strength, and not short-term volatility. The bullish crossover and expanding histogram of the MACD show that the momentum is gaining pace to the upside.
What’s Next For Bonk Price?
Source: Tradingview
Social sentiment analysis indicates a positive market perception, as the indicator registered positive readings following negative sentiment in the first months of the year. The change in the community mood is a frequent precursor of major price changes in Bonk memecoin, where retail participation is a key factor influencing demand.
The RSI value of 69 indicates that BONK is in the vicinity of an overbought condition, and short-term traders should be cautious. Although this is a sign of strong buying pressure, it is also a sign that a short consolidation or pullback may be in the cards before the next leg up.
On the resistance side, the next major challenge to BONK is at $0.00002600, which has been a major resistance in the past. An effective breach of this resistance may pave the way to additional gains and may even aim at higher levels of the previous 2025 highs.
The technical outlook as a whole indicates that BONK has formed a rather strong foundation of further price growth, with strengthening fundamentals, bullish momentum indicators, and a rising social sentiment. Nevertheless, traders are advised to pay attention to the RSI to anticipate overbought situations and observe the occurrence of any breach of the 200-day EMA support line.
