Bonk (BONK)
Key points:
At press time, BONK traded at $0.00003622, reflecting a 4.5% intraday increase from the prior session’s close.
The +DI hovered well above the -DI, while the ADX held near 48, indicating a strongly trending bullish setup.
What you should know:
BONK maintained its upward trajectory after bouncing from the $0.00002300 zone earlier this month, supported by sustained buy-side interest and recent ecosystem developments. LetsBONK, a Solana-based launchpad, announced it would allocate 1% of its revenue, roughly $15K weekly, to buy BONK tokens from high-volume pairs, reducing supply and boosting investor confidence. The 9-day Simple Moving Average (SMA) continued to act as dynamic support, with price candles holding above it throughout the rally. The Directional Movement Index (DMI) reflected a strong bullish structure, with the +DI dominant over the -DI and ADX hovering near 48. Volume, however, has begun to taper following the rally's peak last week. As long as bulls defend the $0.00003500 zone, BONK could retest the local high of $0.00003900. Traders should monitor for consolidation signs amid declining volumes.
