BONK Approaches Critical Juncture as It Tests the 200-Day SMA

According to crypto analyst CryptoS6, BONK is approaching a critical juncture as it tests the 200-day Simple Moving Average (SMA) at approximately $0.0000238

According to crypto analyst CryptoS6, BONK is approaching a critical juncture as it tests the 200-day Simple Moving Average (SMA) at around $0.0000238. This level has acted as a strong resistance during downtrends, and a decisive break and sustained move above it could signal a significant trend reversal, effectively marking the end of BONK’s prolonged bearish phase. Reclaiming this level would also validate bullish momentum and ultimately reestablish buyer dominance, setting the stage for an extended rally.

Breaking The Long-Term SMA: Why This Level Matters

In a recent update on X, popular crypto analyst CryptoS6 highlighted that BONK is quickly approaching a major technical checkpoint. The price is currently testing the 200-day SMA at $0.0000238, an area that is usually associated with substantial trend shifts.

This zone is a common point of contention during bear markets, and if BONK manages to close above it, it would mark the token’s first serious bullish reversal since early Q1. Such a shift in control could ignite renewed investor interest and set the stage for an extended rally.

What makes the setup even more interesting is the minimal resistance standing between the current price and the 0.5 Fibonacci retracement level at $0.0000348. According to CryptoS6, this area often becomes a magnet for breakout-driven momentum, creating room for swift upward moves.

If BONK can firmly close above the 200-day SMA, the probability of a stronger rally increases dramatically, as traders are likely to pile in behind the move.

CryptoS6 didn’t hold back from making a bold projection either. He suggested that BONK’s chart is setting the stage for what could be a “God Candle” explosive move, a vertical price move that would rapidly push he token from $0.000025 to $0.00004.

3-Way Confirmation: Volume, Trend & History Say ‘Go’

CryptoS6 went on to say that a combination of growing volume, strong trend alignment, and striking historical pattern symmetry further reinforces the case for a major breakout in BONK. The recent surge in volume is not just noise; it reflects increasing market participation and suggests that accumulation is underway, often a precursor to a significant price move.

Moreover, BONK’s price action is aligning with key moving averages, particularly as it eyes a reclaim of the 200-day SMA, a critical indicator of long-term trend shifts.

In conclusion, CryptoS6 described the setup as “clean,” meaning the chart offers a well-defined structure and levels for both entry and risk management. With momentum continuously building and minimal resistance ahead, the risk/reward profile remains highly favorable.