Bonk

BONK has been gaining significant momentum in recent weeks, and both technical and fundamental indicators suggest the meme coin could be on the verge of another explosive price move. On Monday morning (Asia time), the token was trading at $0.000034, nearly 200% above its June low and 266% higher than its yearly bottom. Despite still being 40% below its all-time high, BONK’s market cap of $2.7 billion places it among the most prominent meme assets.

1 Trillion BONK Tokens to Be Burned Soon
One of the biggest drivers behind current optimism is BONK’s announcement to burn 1 trillion tokens once the project reaches 1 million on-chain holders. According to Solscan, fewer than 32,000 holders remain to hit that milestone—potentially within this week.
This move follows last week’s burn of 500 billion tokens worth approximately $16.7 million. Such deflationary initiatives build investor confidence in the scarcity of the token and could fuel long-term price appreciation.

Grayscale Adds BONK to Watchlist
BONK was recently added to an institutional watchlist for Q3 2025, signaling a shift in perception. Investors increasingly see BONK as a more trustworthy asset with broader market appeal rather than a speculative gamble.

Smart Money Is Accumulating Rapidly
According to analytics platforms, Smart Money wallets now hold around 80.44 billion BONK tokens, with holdings up 594% since late June. This type of accumulation by well-capitalized investors often precedes retail FOMO (fear of missing out), which can amplify bullish trends.

Technical Outlook: Triangle Breakout, Golden Cross, and Strong Momentum

On the daily chart, BONK is forming a symmetrical triangle—a continuation pattern that often precedes a breakout in the direction of the prevailing trend.
🔹 The golden cross has just occurred, as the 50-day moving average crossed above the 200-day average—typically a very bullish signal.

🔹 RSI is hovering just below 70, indicating strong buying pressure without being overbought yet.

🔹 MACD remains positive, confirming continued bullish momentum.

Breakout Target: +108%
If BONK breaks out of the triangle, the projected target based on the mast’s height is $0.000071, representing a potential 108% increase from current levels. First, however, BONK needs to clear resistance at $0.000041, a level that proved difficult in previous rallies.

Summary
BONK appears poised for an explosive week. With a major token burn on the horizon, strong technical signals, rising institutional interest, and massive Smart Money accumulation, this meme coin could be gearing up for a rally to new highs.

#Bonk , #memecoin , #CryptoAnalysis , #CryptoMarket , #CryptoNews

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