Below is a detailed update on Bonk (BONK) as of May 17, 2025, including the current price, technical analysis, and short-term trading strategies based on M15, H1, and H4 timeframes.
📊 Bonk (BONK) Market Overview
• Current Price: $0.00001874 USD
• 24h Volatility: -12.27%
• 24h Trading Volume: $308.9 million USD
• Market Capitalization: $1.48 billion USD
• Circulating Supply: 79.2 trillion BONK
• Important Resistance: $0.00002167 – $0.000025
• Strong Support: $0.000015 – $0.000017
BONK, a memecoin on the Solana platform, experienced a significant price surge in late April 2025, reaching a 5-month high of $0.00002167 before correcting to the current level. A spike in trading volume and community interest fueled this upward momentum.
📈 Technical Analysis
• 15-minute timeframe (M15): RSI indicator around 35, indicating BONK is in an oversold region.
• 1-hour timeframe (H1): MACD gives a bearish signal, with the MACD line crossing below the signal line.
• 4-hour timeframe (H4): Price is in a downtrend, with support at $0.000015 and resistance at $0.00002167.
📌 Short-term Trading Strategy
1. Long Strategy (M15 – H1)
• Entry Point: $0.00001700
• Stop Loss (SL): $0.00001500
• Take Profit (TP): $0.00002167
• R:R Ratio: 1:2.33
• Validity: From 09:00 to 15:00 on May 17
2. Short Strategy (H1 – H4)
• Entry Point: $0.00002167
• Stop Loss (SL): $0.00002500
• Take Profit (TP): $0.00001700
• R:R Ratio: 1:1.56
• Validity: From 10:00 to 16:00 on May 17
⚠️ Note
• The market is in a correction phase; closely monitor support and resistance levels.
• Use stop-loss and take-profit orders wisely to manage risk.
• Avoid using high leverage in the current market conditions.
