$BONK / USDT | Technical Analysis 📈

Current Price: $0.00002177 (+17.30% 24‑H)

24H Range: $0.00001753 – $0.00002199

Timeframe: 15 min

🔺 Trend: Strong Bullish Breakout with Momentum

BONK has climbed from around $0.0000165 to the current $0.0000218, decisively breaking above key EMAs (9, 20, 50, 100, 200). The upward surge came with strong volume support and RSI perched at ~85 on the 15‑min chart, signaling vibrant short-term bullish momentum.

📌 Potential Entry Zone (Breakout Retest Play): $0.0000200 – $0.0000210

🎯 Target 1: $0.000024 — recent swing high/resistance zone

🎯 Target 2: $0.000028–$0.000035 — per Fibonacci and Elliott wave projection

🛑 Stop Loss: Below $0.0000190 — just beneath breakout EMAs and support zone

📊 Indicators & Insights:

RSI (9): ~85 → Overbought on 15‑min — suggests potential minor consolidation before continuation

Volume: Significant spike confirms breakout conviction

EMA Structure: Bullish alignment — shorter EMAs above longer ones, reinforcing upside trend

Price Action: Clear trendline breakout with strong follow‑through; immediate resistance near $0.00002418

⚙️ Fundamental Catalysts:

Token Burn & Community Milestones: Approaching 1 million holders triggers a 1 trillion BONK token burn, potentially reducing supply pressure .

ETF & Hype Wave: Speculation around a 2× BONK ETF by Tuttle Capital (possible July 16 launch) adds bullish sentiment .

Market Position: BONK sits among the top Solana meme‐coin leaders, with ~$1.6–1.7 B market cap and $800 M+ in daily volume .

⚠️ Caution:

RSI overbought conditions imply a possible short-term pause or mild pullback.

Failure to stay above retest support ($0.00002) could shift momentum lower.

Broader crypto volatility and meme-coin sector dynamics can influence direction.