BONK Price Targets All time High As ‘Golden Pocket’ Zone Nears

BONK is back in investors’ crosshairs,  jumping 25% in the past 24 hours and printing a 75% gain in the past week. The meme coin reached a daily high of $0.00003936 and is trading just shy of that level at press time, generating serious market buzz, especially as traders eye the so-called “golden pocket” Fib zone and speculate whether this rally has more legs.

Derivatives Frenzy and Whale Liquidations

As per CoinMarketCap data, BONK is now sitting only 33% below its all-time high of $0.00005916 and its trading volume surged to $2.4 billion, a 60% jump in a single day, pushing BONK’s market cap back over the $3 billion mark. 

Coinglass data reveals derivatives volume exploded by 150%, while Open Interest rose 36%, underlining traders’ growing appetite for BONK exposure. Further, short sellers suffered a $3.39 million liquidation bloodbath over the past 24 hours, adding to the bullish pressure.

Grayscale Spotlight and Meme Coin Dominance 

What’s adding more fuel to the BONK bonfire is its inclusion in Grayscale’s institutional surveillance list. While not a guarantee of ETF inclusion, it gives BONK a shot of credibility in the eyes of traditional investors. 

At the same time, BONK’s LetsBonk.fun, launched earlier this year, is making waves by seizing 52% of the meme coin creation market. This pushes it far past the previous leader, Pump.fun, which now holds a 39% share. 

However, as per Jupiter, Pump.fun still leads in trader activity, boasting 401,000 users in the last 24 hours compared to LetsBonk’s 268,000.

BONK Price Analysis: Watch the Golden Pocket

BONK’s 4-hour chart reveals a textbook bullish breakout supported by volume. The price has pierced past the 3.618 Fibonacci level at $0.00003894 and now hovers just under the 4.236 extension at $0.00004190. 

Traders are watching this zone closely as it marks a typical take-profit area, sometimes referred to as the “golden pocket” for late-stage rallies.

Momentum indicators are painting a strong bullish picture with the RSI sitting at 78.31, which places it firmly in overbought territory, making BONK one of the top meme coins to buy in July 2025. The MACD line is well above the signal line with widening histogram bars, suggesting bullish continuation. The Ultimate Oscillator also holds above 66, adding further confirmation to the uptrend.

In the bullish scenario, BONK could clear the $0.00004190 Fib level and head toward retesting its all-time high of $0.00005916. However, if BONK faces rejection at the 4.236 Fib zone, a healthy pullback toward the 3.618 or 2.618 zones ($0.00003894 and $0.00003414 respectively) could materialize.

Coingape Staff

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