BONK Preparing for Upcoming Surge: Recent TA Analysis
BONK crypto has been in a phase of consolidation while
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Volume in 24h
Price 7d
is just below its all-time high (ATH) and preparing to establish a new one. For traders, seeing red numbers or decline percentages might appear daunting, yet these are the moments to focus on critical levels and execute effectively. Stay calm, prioritize sound risk management!
$BONK appears to be one of the more resilient meme coins amidst the several false breakouts of BTC.
Rebounding from an important level. The ascent won’t be linear, but it is on track for new heights with the deflationary aspects, assuming Bonk Fun keeps garnering interest from… pic.twitter.com/JYDrFqReri
— Herro (@HerroCrypto) May 19, 2025
Herro’s observation is indeed valid. Upon examining the BONK/BTC daily chart, one can see that the trading market structure of this pairing is uptrend, exhibiting higher highs and higher lows.
Additionally, please check out the previous article on BONK price, which was recorded at $0.015!
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BONK Crypto Primed for Leg #2: Time for Chart Analysis
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On the daily timeframe, BONK is not only making higher highs and higher lows against BTC but also against USD. When looking at Bitcoin, the performance is even more impressive due to the fact that Bitcoin is right at its last resistance before reaching a new ATH. This situation could lead to a rejection at that level. The pleasant aspect is seeing a token behave in alignment with predictions! Monitor MA50 and MA100 closely.
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Now, shifting focus to the 4H timeframe. It’s worth mentioning that even if Bitcoin declines from this point, BONK may still perform robustly against it and set a new peak. In this chart, we can observe two wicks reaching our price target from the previous discussion. Congratulations to those who seized that move – resulting in a 50% upward shift! A clear rejection and SFP were observed on this timeframe, indicating the likelihood of a retracement. Currently, we are focused on two significant zones – MA200 and $0.017.
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BONK Preparing for the Next Upward Movement: Latest Technical Analysis Insights
- Achieved a 50% upward movement and is now forming a higher low
- RSI has been reset on 4H and 1H timeframes. May require adjustments on 1D
- Significant price floor identified at the last low on 1H, or $0.017
- A recovery of MAs on lower timeframes signals an upcoming leg upwards
The post BONK Preparing for the Next Upward Movement: Latest Technical Analysis Insights appeared first on 99Bitcoins.
