Bonk coin is back in the spotlight as traders eye a potential comeback rally after weeks of consolidation, with market sentiment hinting that the Solana-based meme token may be preparing for its next leg upward.
Analysts say Bonk’s ability to hold key support and form a bullish reversal pattern could spark renewed optimism across the meme-coin sector in early November.
After a period of choppy trading and fading momentum, Bonk (BONK) is showing signs of stabilization, suggesting that buyers may be quietly regaining control. The token’s recent price action near critical support levels has drawn attention from technical traders and retail investors alike, who are watching closely for confirmation of a breakout.
Support Holds Firm as Momentum Builds
The meme-token BONK—often referred to simply as “Bonk coin”—has recently found firm backing around the $0.000014 zone. The token’s circulating supply is approximately 82 trillion BONK with a market cap hovering near $1.17 billion. On October 31, 2025, Bonk surged 4.6% to $0.00001394 after clearing the immediate resistance at $0.00001380, with volume spiking nearly 67% above its average.
BONK bounced from $0.000013, showing short-term bullish momentum toward $0.000018 amid high volatility. Source: LSTRADER via X
Memecoins getting no love rn… But every time altcoins turn bullish, memes are the fastest horse. Next time will, imo, be no different. These signs point to a classic support-holding scenario for a token in the memecoin cycle
Technical analysis of the Solana-based token reveals a falling wedge and an inside-week false breakdown pattern—each considered bullish when confirmed.
The token stabilized after dipping below the inside-bar low at $0.00001515, then rebounded near $0.000014 support. With these technicals in place, some forecasts suggest BONK could reclaim higher territory in the near term.
Forecast: November Rally Toward $0.000025?
Several price-prediction models suggest that Bonk could experience a meaningful rally in November 2025 if current momentum continues. One model anticipates BONK reaching as high as $0.000036, driven by strong trading activity and bullish technical signals.
Despite a recent false breakdown, BONK remains poised for a potential rally, as meme coins historically lead gains when broader altcoins turn bullish. Source: CRG via X
Another analysis offers a more conservative projection, targeting $0.000025 as a realistic short-term rally point. If BONK maintains its support level around $0.000014 and trading volume continues to rise, a price range between $0.000025 and $0.000036 appears plausible. However, some models remain cautious, forecasting potential declines toward $0.000010 under weaker market conditions.
Key Drivers to Watch
Bonk’s traction largely depends on its memecoin status within the Solana ecosystem, with renewed retail interest having the potential to reignite price jumps. The recent surge in trading volume further supports the idea that accumulation may be underway, signaling growing investor attention.
Broader altcoin sentiment also plays a critical role; historically, when altcoins turn bullish, meme coins tend to lead, though a slowdown in altcoin momentum could limit Bonk’s upside. Tokenomics and supply are additional factors, as the massive circulation of tens of trillions of BONK tokens means that strong demand is necessary to drive meaningful gains. Finally, competition within the meme-coin space is increasing, with new entrants capturing investor attention and challenging established names like Bonk.
Risks and Considerations
Although the current technical setup for Bonk is encouraging, caution remains necessary. Meme coins are notoriously volatile and often driven more by market sentiment than by fundamentals, making sudden price swings common.
Bonk was trading at around $0.00001396, up 6.28% in the last 24 hours at press time. Source: Brave New Coin
A break below the $0.000014 support level could quickly invalidate the bullish outlook, while prediction models vary widely, with some projecting potential downside rather than rallies. Additionally, competition in the meme-coin sector is intensifying, meaning Bonk will need to enhance its utility and strengthen its ecosystem to stay relevant and sustain investor interest.
Final Thoughts
For the following of Bonk coin, the support level around $0.000014 looks so crucial. If that can be sustained constantly with volume, then the setup for a November rally toward $0.000025 will be strong.
Conversely, a breakdown would dissipate bullish conviction. In any case, potential investors should be aware that though the upside is there, tangible and real, so is the risk.