Is $BONK preparing for liftoff — or facing another rejection?

#BONKUSDT has shown fresh signs of life after bouncing off the $0.00001987 support zone, with technical indicators aligning in favor of a short-term bullish continuation. According to the latest daily chart analysis, the meme coin reclaimed key levels that had previously acted as strong support — and it's now approaching a major resistance area around $0.00002079.

From a momentum perspective, the Relative Strength Index (RSI) has flipped decisively above the 50 neutral mark, signaling a positive shift in buyer strength. Meanwhile, the MACD is showing early signs of bullish divergence, with the histogram transitioning back into green territory after several sessions of weakening momentum. This crossover — although subtle — may be laying the groundwork for an upward breakout if volume continues to build.

The short-term Exponential Moving Averages (EMAs) are also starting to realign in favor of the bulls, with the 9-day EMA curving above the 20-day EMA. This alignment supports the narrative of growing trend strength, especially after BONK weathered a period of consolidation and downward pressure.

Analysis outlines potential entry points for long positions above the $0.00002079 breakout level, with upside targets near $0.00002174 and $0.00002201. For traders considering short setups, a failure to hold $0.00001984 on a retest could open the door to a deeper pullback toward $0.00001790.

#Bonk remains a high-volatility, high-interest meme coin, and with indicators now turning bullish, the coming sessions could prove pivotal.

#TradingTales #TradingSignals

Read the full analysis: www.ecoinimist.com/2025/05/18/bonk-prepares-for-bullish-breakout