$BONK /USDT – Riding the Wave: Expectations from the Current Bull Cycle
BONK has shown renewed strength, currently trading around $0.00002711 with a 3.51% daily gain. The meme-driven Solana ecosystem token is attracting fresh momentum as it rebounds from recent lows, signaling potential continuation in the ongoing bull cycle.
Key Technical Levels:
Support: $0.00002379 – $0.00001768
Resistance: $0.00002991 – $0.00003602 – $0.00004214
Bull Cycle Outlook:
After retracing from its July peak of $0.00004075, BONK has established a higher low structure, hinting at a potential uptrend revival. Sustained trading above the average level (AVL) of $0.00002767 could open the path toward testing the $0.00003602 and possibly retesting the $0.00004214 zone.
Future Potential:
With strong community backing, increasing meme coin hype, and Solana network activity rising, BONK could benefit from broader market bullishness. If BTC maintains momentum and BONK breaks above $0.00004214, the next psychological target could be $0.000050. However, failure to hold above $0.00002379 might slow the bullish narrative.
This setup puts BONK in an exciting position—volatile, yet with considerable upside if the bull cycle extends.