BONK price is trading at a critical long-term support near $0.0000225; a bullish reversal is possible if trading volume and accumulation increase, while a sustained drop in Bitcoin Dominance (BTC.D) would support an altcoin-led rally.
BONK trades at $0.0000225 support zone, a potential reversal point.
BTC.D weakness and expanding memecoin market cap favor altcoin strength.
Volume decline and bearish daily structure increase short-term downside risk (44% retracement from July highs).
BONK price outlook: BONK at long-term support $0.0000225 — monitor volume and BTC.D; act when accumulation and break of resistance confirm trend. Read now.
What is the BONK price outlook?
BONK price is currently testing a key long-term support zone around $0.0000225, with technical confluence from the 61.8% Fibonacci and the 100-day moving average. Momentum indicators show short-term bearish bias, but a rise in volume and accumulation could trigger a bullish reversal into higher resistance levels.
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Assess BONK by monitoring five factors: price structure, support/resistance, volume, Bitcoin Dominance (BTC.D), and moving averages. The daily chart shows lower lows and bearish Awesome Oscillator readings. The $0.0000225 area acted as resistance in July and now functions as potential support.
Bitcoin Dominance (BTC.D) has trended downward recently and sits below a long-term support zone from September 2020. A sustained decline in BTC.D typically coincides with capital rotation into altcoins and can lift memecoins like BONK. The memecoin market cap sits near $71.41 billion, below the $115 billion peak in late 2024, indicating room for expansion if market conditions shift.
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Source: https://en.coinotag.com/bonk-could-see-bullish-reversal-despite-low-volume-after-44-pullback-at-long-term-support/