Bonk (BONK), the meme coin of Solana, shows a phase of renewed volatility and interest among traders towards the beginning of July 2025. The current price, recorded at 09:52 on July 7, 2025, on CoinGecko, stands at 0.00002195 USDT, up by about +10% in the last week, while on a monthly basis BONK experiences a modest increase of +4%. The market capitalization remains solid, at about 1.7 billion dollars, with an average daily volume exceeding 1.5 billion, indicating notable speculative activity.
Technical analysis and historical trend of BONK
Price: 0.00002195 USDT
Market Cap: 1.70 billion USD
24h Volume: 1.54 billion USD
Oscillators and key indicators
RSI daily: 64 – in the neutral-high zone, no evident overbought but gradually approaching.
MACD daily: MACD line slightly above the Signal with a growing histogram – slight bull momentum.
ADX: 32 – moderately strong trend, growth in directionality after weeks of range.
ATR (volatility): 0.0000032 – average volatility increasing compared to June, typical of breakout phases of meme coins.
Funding rate: neutral-positive on the main CEX (Bybit, Binance) – slight predominance of leveraged longs.
Recent history of the price of BONK
From April to mid-May, BONK remained stable in the 0.000014-0.000019 USDT range, consolidating the base after the strong correction following the All-Time-High of March (ATH: 0.0000342 USDT). In June, a descending lateral channel formed with subsequent ascending lows, a prelude to the breakout that occurred between June 29 and July 2, when with significantly increasing volumes, the price surpassed the intermediate resistance at 0.00001950 USDT.
The current rally has led BONK to test the 0.0000223 area, relative highs from June, but without yet surpassing the annual peak. The Point of Control (POC) of the volumetric cluster remains just below 0.000019 USDT – an area observed by traders as a key dynamic support.
Patterns and technical levels
Visible patterns: breakout of a weekly ascending triangle with resistance at 0.0000195, currently in a pull-back phase on the upper trendline.
Weekly: key supports at 0.0000172 (May lows) and 0.0000190; resistances in the 0.0000223 area and ATH at 0.0000342.
Daily: dynamic support in the 0.0000200 area; resistances at 0.0000233 (high range of June).
Recent breakout: Indicated by the growth in volumes above 40% compared to the monthly average and by the clear surpassing of the daily resistance at 0.0000195 USDT.
Short and Medium Term Scenario
Levels to monitor (short term):
Intermediate support: 0.0000200 USDT
Consolidation support: 0.0000190 USDT (volumetric POC)
Immediate resistance: 0.0000223 USDT
Key resistance: 0.0000235–0.0000240 USDT
Pattern/retest analysis: The breakout of the ascending triangle is technically bullish; the price is currently retracing on the trend to verify its hold as support (classic pullback). A potential recovery with volumes could trigger new momentum towards the upper resistance.
Forecasts on the price of BONK
Bull scenario
If the support at 0.0000200 holds and there is a return of volumes, a new assault on the relative highs in the 0.0000235 area is possible and, in extension, an attempt to approach the ATH (0.0000342 USDT). First technical target 0.0000235; second target 0.0000265 USDT.
Bear scenario
A clear breakdown below 0.0000190 would imply a return to the old range, with the risk of new pressure down to the May lows (0.0000172) and subsequently towards the cluster of maximum volumes at 0.0000158 USDT. Watch out for decreasing volumes and negative funding rate.
Most likely scenario
In light of the recent breakout, the increase in volatility, and slightly favorable funding for longs, the scenario of continued recovery appears more likely, at least until the first target at 0.0000235 USDT, even if the resistance in that area can generate rapid profit-taking.
Conclusion and final suggestions
The technical setup of BONK has become constructive again after weeks of sideways movement. Traders, however, will need to pay attention to possible spikes in volatility, typical of meme coins, and to the potential rapid deterioration of sentiment should the current pullback fail.
On the fundamental front, the meme coin still benefits from media hype and abundant liquidity in the Solana ecosystem, but the lack of significant protocol upgrades continues to make BONK heavily dependent on sector momentum and speculative trends.
Risk management: In a trading perspective, it is advisable to use well-calibrated stop-loss; for multiday operations, stop below 0.0000190 USDT.
Disclaimer: This analysis does not constitute financial advice.
Data sources: CoinGecko, Changelly, integrated technical analysis with the latest Cryptonomist reports and TradingView indicators.
