The BONK currency maintains a strategic support level, raising the likelihood of a price surge that could reach 60%, driven by ongoing burn operations that add momentum to bullish technical indicators.

After a strong rally that started from $0.00001143 on June 22, reaching a peak of $0.00004075 on July 17, achieving gains of 256%, BONK experienced a 40% decline before finding strong support at $0.00002411 on August 2. Despite this correction, the positive crossover between the 20 and 50-day exponential moving averages remains intact, indicating the continuation of the upward trend in the medium term.

The currency is currently stabilizing above the 50-day average and an important support range between $0.000025 – $0.000026, a level that represented strong resistance in late 2024 and last May before turning into support backed by notable accumulation, in addition to its alignment with the 50-day moving average.