BONK (BONK) Market Analysis
Overview:
After months of weak price action, BONK has shown a significant bullish turnaround, breaking key resistance levels and gaining strong social and fundamental support through initiatives like "Let's Bonk."
Technical Structure:
Breakout above 1,500 and POC at 1,800 confirmed bullish momentum.
BONK is currently approaching a high liquidity zone between 2,100 and 2,300.
Main support lies between 1,400 and 1,550.
Strong resistance at 2,300; breaking it requires high volume and strong fundamentals.
Trade Setup:
Primary Entry (Safer Play):
Wait for a pullback into the 1,400 – 1,550 zone.
Look for bullish confirmation signals before entering.
Riskier Entry (Aggressive Play):
Small position upon push toward 2,100–2,200 aiming for liquidity sweep.
High risk: watch for rejection near 2,300.
Profit Targets:
TP1: 2,100
TP2: 2,250
TP3: 2,300 (strong resistance area)
Stop Loss:
Below 1,350 to protect against deeper market pullback.
Important Notes:
Without a major breakout above 2,300, BONK will likely pull back first to rebuild momentum.
If Bitcoin opens weakly in the coming week, BONK’s rally might be limited or delayed.
Fundamental sentiment remains positive, but technicals suggest caution — better opportunities lie after a healthy retest of support.