Technical Analysis of BONK/USDT – July 2025

Token: $BONK | Platform: Solana | Current Price: $0.000017

24-Hour High: +20.23%

Market Cap: $1.38 billion

Daily Trading Volume: $572.88 million

📊 Technical Analysis

Technical Indicator Value Interpretation

RSI (4 Hours) 63.3 Bullish momentum without overbought conditions

First Resistance $0.00002206 Breaking this opens the path towards $0.00003400

Strong Support $0.00001570 Previous bounce level with high trading volume

Moving Averages Price above all EMAs Confirms bullish trend

📈 Chart Pattern: Clear breakout from a descending trend line, with the formation of a Higher Low — a classic signal for the start of a new upward wave.

🎯 Suggested Trading Strategy

- Entry Point: $0.00001720 (after confirming stability above the previous resistance)

- Stop Loss: $0.00001540 (below the strong support)

- Profit Targets:

- First Target: $0.00002200

- Second Target: $0.00002800

- Third Target: $0.00003400

⚠️ Important Notes

- BONK benefits from the general market momentum, but being a meme coin makes it susceptible to sharp fluctuations.

- News about ETFs or token burns could cause sudden volatility — monitor news in real-time.

- Avoid entering large trades without strict capital management.

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🏁 Conclusion

The BONK token is not just a temporary hype — it shows strong technical and fundamental signals for continued upward movement, especially with major events like burning and ETFs approaching.

Trade from here $BONK