Is this the end of Bonk? Technical analysis provides warning signs

Table of Contents

Bonk, the Solana Meme Coin, is an interesting moment in his presence. The project boasts strong community and a 50% price increase over the past month. Recently, Bonk has integrated with Bravo Ready Games, earning 1.72M daily for several days this month. Technical analysis reveals some contradictory points, but it was considered the most purchased project with Smart Money.

I believe at the same time $ bonk I’m going to create a massive new high this year
Best Solana Beta + Cracked Marketing Team + Huge Normy Appeal
My bag is absolutely packed pic.twitter.com/jlicorvahc
– Champion (@champtgram) May 28, 2025

People like champions think that there is still “bread” left in the coin. He also points out some good basics. I’m not always saying my technical analysis is correct. However, even if long-term prices are expected to create new ATHs, I think it is also important to consider multiple scenarios.

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Will Bonk jump or dive? Technical analysis speaks

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Bonc chart for weekly time frames. For simplicity, I use 1000bonkusdt with Bibit. Let’s start with a simple moving average and market structure. At the end of 2023, there will be a massive run.

The majority of the price range for 2024 was spent, falling below the previous low (orange line) this year, with the last three candles being rejected from a level consistent with the MA50. The two bottoms in this top range are the same price of $0.0095. That’s an important level of support.

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Next, we examine the daily time frame for analysis. Here, Bonk prices are around the moving average. This month I tested the lower side twice, below the MA200, but both were rejected.

For a move to a high, you must regain that level. The MA50 and MA100 are potential support that sits a little higher than the $0.0095 level. What can be scary (or exciting) for traders is this huge free space after a huge pump at the end of 2023.

Conclusion of thoughts about Bonk Price Action

(bonkusd)

Finally, we will analyze the 4H chart. Here, the MA50 and MA100 rejected the price. And now it’s being destroyed under MA200. Go back and look at the previous chart and the RSI levels on this chart. It seems you can go there either way every week. It is still in the bullish area every day, but rejection from the MA200 and breaking below that in the 4H time frame could be a short r:R entry. The foundation is strong, but sometimes there’s a price boost, and that might be time for a bunch.

Stay safe and don’t get your money from other traders!

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