BONK has experienced a notable price rise recently, helping investors recover much of their earlier 2025 losses.
Despite this progress, the altcoin still has significant ground to cover before fully reversing the year’s downturn. Positive signals from investors and market indicators suggest a rally may be on the horizon.
BONK Nears Bullish Trigger
Technical analysis reveals BONK is approaching a Golden Cross, as the 50-day EMA nears overtaking the 200-day EMA. This crossover is widely regarded as a strong bullish signal, often triggering upward momentum.
For BONK, this event could mark the end of nearly four months of bearish pressure and kickstart a sustained price increase.
Investors are increasingly optimistic, with growing confidence reflected in trading volumes and sentiment. The anticipation of the Golden Cross is fueling buying interest, which is expected to amplify bullish momentum and help BONK reclaim lost value.
The Chaikin Money Flow (CMF) indicator supports this optimism, showing consistent capital inflows into BONK over recent weeks.
These strong inflows suggest investors are actively accumulating BONK, further strengthening its price foundation. The broader crypto market’s positive trends enhance this momentum, positioning BONK to benefit from growing demand.
As market confidence rises, BONK is likely to continue attracting investments, providing the fuel necessary to sustain its rally. The alignment of bullish technical indicators and market dynamics reinforces the probability of further gains in the near term.
BONK Price Has A Long Way To Go
Currently, BONK trades at $0.00002130 and faces resistance at $0.00002285. To fully recover the losses recorded since the start of 2025, BONK must climb approximately 77%, reaching $0.00003769.
Although this target may take time, the immediate focus is to breach and hold $0.00002748 as support.
Securing this support level is crucial for maintaining the bullish trajectory. If BONK successfully flips $0.00002748 into a support zone, it will likely continue its upward climb, gradually working toward higher price points and restoring investor confidence.
Conversely, failure to hold the $0.00002285 resistance could trigger a reversal. A drop below $0.00001995 and further to $0.00001779 would undermine the bullish outlook, potentially leading to renewed selling pressure and a return to bearish conditions.
Disclaimer
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