Bonk (BONK), the Solana-based meme coin, is navigating a period of mixed market signals as traders closely monitor its price action. After a 25% decline in October 2025, Bonk stabilized around $0.0000145, indicating a potential pause in the downtrend.
Analysts and community members alike are assessing whether the cryptocurrency is preparing for a renewed rally or further consolidation.
According to CoinMarketCap, Bonk is trading within a mid-range zone, bounded by a support level of $0.00001054 and resistance near $0.0000187. Declining trading volumes have added pressure, reflecting cautious investor sentiment. Market participants are now watching to see if Bonk can maintain its levels or if a retest of lower support is likely.
Order Blocks Signal Possible Bullish Reversal
In a recent analysis shared on TradingView, the price of Bonk/USDT perpetual futures tested multiple order block support zones during the mid-October dip from $0.000019 to $0.000014. In Smart Money Concepts (SMC) trading, order blocks are often used to identify institutional supply and demand levels.
All key order blocks were tested without breaking, signaling potential exhaustion of sellers and a likely bullish reversal. Source: $0uL via X
As noted by crypto trader @spetsnaz_3, “Every order block got tapped. Sooner or later, most of them get hit. We went down—now it’s UP only.” This suggests that sellers may have exhausted their positions, potentially setting the stage for a bullish reversal.
Approaching Key Resistance Levels
Bonk is also approaching critical resistance, which could determine its short-term trajectory. Crypto analyst @RoccobullboTTom highlighted that Bonk is “just waiting for breakout resistance, then can go big,” referencing a prior July signal that yielded 250% gains. The current price hovers around $0.000015, with a 3.78% gain over the past 24 hours, showing renewed interest among traders.
Bonk is approaching breakout resistance, with the potential for significant gains, echoing previous strong profit opportunities for early traders. Source: TOP GAINER TODAY via X
The pattern observed on the 4-day chart resembles a descending triangle, typically signaling a consolidation before a breakout. If Bonk breaks past resistance, it could trigger a rapid rally, supported by strong community engagement and ongoing airdrop initiatives.
Broader Market Context
Bonk’s current price behavior reflects broader trends in the cryptocurrency market, where volume fluctuations and market sentiment significantly influence momentum. Many altcoins face similar headwinds, including regulatory developments and macroeconomic pressures, which can affect both short-term and long-term forecasts.
Despite these challenges, Bonk’s ecosystem connections, particularly with Solana-based projects like Raydium, add potential for recovery. Analysts caution that while a rebound is possible, sustained growth will depend on renewed trading interest and positive market catalysts.
Final Thoughts
Bonk is at a breaking point, testing both levels of resistance and support after a period of price decline.
Bonk was trading at around $0.00001463, up 3.10% in the last 24 hours at press time. Source: Brave New Coin
In spite of the annoyingly low volumes of trading, the coming together of institutional order blockades, high community sentiment, and proximity to points of breakout suggests the possibility of a rally upwards. Investors and analysts wait with bated breath to see whether Bonk will succeed in leveraging these factors in the weeks to come.