BONK breaks multi-month downtrend with a 60% weekly price surge.
Technical breakout confirmed by Fibonacci levels and bullish indicators.
Analysts target $0.000040 amid rising hype before the Solana Accelerate event.
Bonk — BONK, has finally managed to flip the script after months in a downtrend. The Solana meme coin exploded 60% this week. Traders cheered as price levels shattered, confidence returned, and bullish chatter filled the feed. No one expected this wild turnaround—but BONK didn’t just rise, it roared. With new hype building ahead of Solana Accelerate in May, the rally may only be warming up. Bulls are back, and the charts show they mean business.
https://twitter.com/bonk_inu/status/1916672420896735620 Key Price Levels to Watch
BONK shattered a descending channel on April 13 and hasn’t looked back. Since then, buyers reclaimed both the 50-day and 100-day exponential moving averages. That bullish signal pushed price higher, helping flip sentiment fast. On April 28, BONK reached a high of $0.00002167. That marked a stunning 73% climb from April 22’s local low. As of now, price floats near $0.00001934—still well above previous resistance zones.
Traders locked onto the Fibonacci levels as BONK broke above the 1.618 extension at $0.00001990. That breakout suggests more upside is possible. If volume keeps rising, next targets include $0.00002517 and $0.00003044. Both sit along key Fib levels and align with bullish chart projections. The final major Fib target —$0.00003369, might attract attention if hype intensifies ahead of the May event. A dip toward $0.00001700 could happen if bulls lose grip, but so far, momentum favors strength.
Technical Analysis, Analyst Calls, and Community Buzz Spark Hype
Technical indicators support the optimism. The daily RSI jumped to 66.78, nearing overbought levels. That’s high, but not unusual during strong breakouts. Historically, BONK cools briefly near this range before pushing higher again. The MACD also shows strong momentum. The MACD line remains above the signal, and histogram bars keep widening. Momentum lives with buyers, not sellers.
Crypto analyst World of Charts believes this breakout has more fuel. He predicts a potential 2x move soon. His outlook mirrors growing optimism among retail traders watching BONK retest old highs. Meanwhile, Crypto Joe spotted a bullish pennant on lower timeframes. He aims for $0.00002690—just under the 2.618 Fib level. That’s a reasonable short-term target, especially with volume rising steadily.
A close above the 200-day simple moving average at $0.00002410 could open the floodgates. From there, price may surge toward $0.000040—a former January high. Hitting that level would mark a 104% rally and solidify BONK’s comeback story. With Solana Accelerate on the horizon and bullish setups everywhere, BONK isn’t just climbing—it’s charging.
