BONK Price Prediction: Is a Break Above $0.00005 on the Horizon?

• Breakout rally sends BONK up 150% from June lows, shifting sentiment across the crypto market.
• 58% of weekly fees go directly into BONK buybacks, fueling steady upward price pressure.
• MACD crossover and RSI at 61.13 support bullish momentum, with room left before overbought.

BONK has jolted back to life, with a breakout rally that’s turned heads across the crypto space. Eclipsing its June low of $0.00001143 by over 150%, the token has crossed a major resistance area, lastly tested in May, now locked firmly above the 0.00002900 line.

Adding to the frenzy is that Bitcoin has reached new highs of approximately $123K, which has provided momentum to the altcoin. BONK, in particular, has surged 96% in the past 30 days, making it one of the hottest tokens this month.

More indicative still is a 12.52% increase in 24-hour trading volume, which stands at 1.16 billion, a sure sign of newfound conviction among both traders and speculators. The tipping point? A bullish breakover beyond the $0.00002583 resistance, which was the concrete force to beat in the past weeks or so.

That breakout helped reverse the trend immediately by turning bearish to bullish, showing how quickly sentiment can change in the high-velocity environment of crypto. However, after this explosive rally, the real question arises: Why is BONK’s price up?

Key Factors Behind the BONK’s Price Surge

At the heart of BONK’s rally is LetsBonk.fun, BONK’s native launchpad, which generated an impressive $7.93 million in fees between July 8 and 14. What’s driving the frenzy, however, is a clever buyback mechanism—58% of those fees are used to purchase BONK off the market. That’s an average of $4.6 million in daily buybacks, creating consistent upward pressure and real demand for the token.

Even with major competition from Pump.fun—who launched a $500 million ICO on July 12—LetsBonk.fun still dominated, claiming 67% of all Solana token launch volume last week. It didn’t just hold its ground; it led across revenue, daily volumes, and launch stats. This hints that BONK is quietly transforming from a memecoin into a market-moving protocol hub on Solana.

Adding fuel to the fire, BONK was recently added to Grayscale Investments’ institutional monitoring list. Such a small but meaningful reference to one of the most influential asset management companies in the cryptocurrency sector has raised eyebrows and spelled greater developments. As a result, confidence surged, and a fresh wave of capital followed, pushing BONK further into the spotlight.

Then came the breakout. Trading went haywire on July 13, reaching a maximum of 2.6 trillion tokens traded per day. This is not just hype. It’s BONK leveling up.

BONK Charts Bullish New Course Toward $0.00005

BONK has just flipped the script. The memecoin has shrugged off months of sideways drift and entered another round of power, escaping the textbook cup and handle structure on the weekly chart. The formation occurred from late January to mid-July 2025, breaking out on the neckline near $0.00002583, indicating a significant regime change.

Since the breakout, BONK has surged 22%, now trading around $0.00002971. More to the point, it has also surpassed a decisive technical point of resistance: the 38.20% Fibonacci retracement at the price of $0.00002840. A weekly close above the mark might determine the continuation of the trend and sustain a rally towards the second resistance area between 0.00003444 (50% Fib) and 0.00004047 (61.80% Fib), which served as a ceiling earlier in the year.

In case of price consolidation, the token will be reasonably supported at 38.20% and 23.60% ($0.00002840 and $0.00002094), allowing bulls to restock against another advance. A healthy grip above these levels maintains the structure and the move intact.

But if momentum keeps climbing and that resistance cluster gives way, BONK could make a charge toward $0.00005000—right in line with the 78.60% Fib level at $0.00004906. That would mark a powerful extension of this bullish move, and potentially a new chapter in BONK’s evolution.

On-Chain Data Confirms BONK’s Bullish Momentum

Adding to the momentum, on-chain data is now echoing BONK’s bullish shift. At press time, BONK’s future open interest has surged to $41 million—its highest since late 2024.

This sharp rise signals growing trader engagement and reflects renewed speculative confidence in BONK’s breakout structure. Combined with the token’s 150% price increase since June lows, the surge in open interest makes it clear that the momentum is not only on the spot market side but also building on the derivatives side.

Besides, the futures market shows that traders are leaning heavily into bullish bets. Over the last 24 hours, $1.24 million in positions have been liquidated, with shorts taking the brunt of the hit—over $915K wiped out, compared to just $320K in long liquidations.

This imbalance suggests that many were caught off-guard by BONK’s explosive move above the $0.00002583 neckline, resulting in a classic short squeeze that helped accelerate the price toward $0.000030. Historically, sharp liquidations paired with rising open interest indicate the early stages of a trend, not the end.

Related: Bonk Price Prediction 2025-35: Will It Hit $0.1 by 2035?

MACD and RSI Support BONK’s Bullish Shift

BONK’s momentum continues to strengthen, with technical indicators flashing firm bullish signals. For instance, the Moving Average Convergence Divergence (MACD) indicator shows a clear bullish crossover. As of press time, the MACD line stands at 0.000000341, while the signal line trails at -0.000001319.

This positive divergence indicates growing upward momentum, confirming the breakout that began earlier in July. Additionally, the MACD histogram has flipped green for multiple consecutive sessions, reflecting increasing buying pressure and reduced bearish influence. The Relative Strength Index (RSI), currently reading 61.13 on the weekly timeframe, supports this trend.

This categorizes BONK solidly in the bullish zones but below the 70 overbought zone, implying that we may yet see a further upswing before a possible break. Early in July, the RSI moved above its midline (50), and it has been rising since then, furthering the notion that buyers are taking over and the trend is increasingly in their favor.

Conclusion

BONK is transforming into a higher-caliber asset than a speculative meme coin, as demonstrated by its robust technicals, increasing on-chain usage, and growing utility. Bullish signals from MACD and RSI, paired with surging open interest and short liquidations, support the ongoing rally. 

Although pullbacks may occur in the short term, the overall trend has now shifted to be bullish. Provided that BONK sustains above key support levels and continues increasing open interest and volume, the setup might indicate that this rally is not a one-off event but rather another stage in the history of this token on the Solana platform.

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