BONK forms Bullish Wedge, Traders’ eyes 65% rally

Key Takeaway

Price action suggested that a breakout could propel the BONK by 65% or more. On-chain metrics showed that exchanges recorded an outflow of $1.92 million worth of BONK, hinting at potential accumulation.

Bonk [BONK] has plunged over 50% in the past one and a half months, but now appears poised for a recovery.

This potential rebound is supported by the formation of a bullish price pattern, the performance of Solana [SOL], and a shift in overall market sentiment.

 BONK’s price momentum

Historically, when SOL sees a significant price surge, related tokens tend to rally as well. As of press time, SOL was up 4.15% in the past 24 hours and appeared to be driving gains across its ecosystem.

Amid the recovery, BONK’s price remains neutral, recording a 1.50% uptick over the past day and stood at a key level of $0.000002158. At this level, investor and trader participation has notably increased during the same period.

In the same time, CoinMarketCap data revealed that BONK’s Trading Volume gained over 15% compared to the previous day.

BONK price action and key levels to watch 

Despite a surge in Trading Volume and strong performance from SOL, BONK’s price has remained relatively flat.The reason appears to lie in its technical setup.

According to AMBCrypto’s analysis, BONK has formed a bullish falling wedge pattern on the daily chart, a formation often associated with potential breakouts. 

The memecoin is approaching a key inflection point, and a confirmed breakout could trigger a significant rally.

Since July 2025, BONK has repeatedly faced resistance from a descending trendline. It has retested this level more than seven times, each time followed by a pullback. 

Now, the price has compressed into a narrow zone, signaling that a breakout may be imminent.

Source: TradingView

If BONK successfully breaks out of its current pattern, historical trends suggest it could rally by as much as 65% or more, potentially reaching $0.000037.

However, this upward momentum is unlikely to begin until the price decisively moves above $0.0000264, which serves as a key breakout threshold.

At present, the Supertrend indicator remains bearish, showing a red signal and positioning itself above BONK’s current price, indicating continued downward pressure in the short term.

Factors strengthening BONK’s bullish outlook 

The bullish factors strengthening BONK’s outlook include a potential breakout, strength in Solana’s price, increased investor accumulation, and a shift in overall market sentiment.

At press time, on-chain analytics firm CoinGlass revealed that exchanges recorded an outflow of $1.92 million worth of BONK in the past 24 hours.

This outflow suggests potential accumulation, which could create buying pressure and fuel an upside rally.

Source: CoinGlass