$BONK

UPDATE on Bonk (BONK)

🚀 BONK Snapshot

Price: ~$0.0000167, up ~10% yesterday, leading Solana memecoins on high volume (~ $580 M🟢)

Catalysts:

Tuttle Capital’s leveraged 2× BONK ETF filing suggests launch could be as early as July 16

Nearing 1 million holders milestone, which will trigger a 1 trillion token burn — bullish supply shock

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📈 Technical & On‑Chain Signals

Broke out from a descending channel, closed above 50 EMA — classic reversal setup

RSI ~60, Bollinger Bands widening — volatility and momentum building

Minor profit-taking seen post-pump (head-and-shoulders forming) — likely a short-term shakeout

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🎯 Trade Setups

Strategy Entry / Trigger Targets Stop-Loss

Dip Buy $0.0000160–$0.0000162 $0.0000178 → $0.0000190 < $0.0000158

Breakout Long Close > $0.0000178–$0.0000180 $0.0000205 → $0.0000217 Retest ~$0.0000175

Momentum Run ETF news (~7/16) $0.000025 → $0.0000337 (+100%) –

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⚡ Quick Take

BONK is flashing signs of a strong breakout, backed by whale stacking, technical reversal, and ETF/token-burn catalysts. A sustainable move past $0.0000180 could open a rally toward $0.0000205–$0.0000217, with potential to $0.0000337 if momentum holds. Dips around $0.0000160 offer low-risk entries.

➡️ DYOR .

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