BONK (BONK) Price Surges 8% as Market Rebound Fuels Breakout Potential

At the time of writing, BONK is trading at $0.00001366, reflecting a 24-hour price increase of nearly 8%. The meme coin's trading volume has skyrocketed by 102%, reaching $165.77 million

BONK price is showing signs of a potential bullish reversal after months of downward movement. The token could be on the verge of a breakout if it manages to clear a crucial resistance zone.

BONK Price Surges 8% Amid Market Rebound

At the time of writing, BONK is trading at $0.00001366, reflecting a 24-hour price increase of nearly 8%. The meme coin’s trading volume has shot up by 102%, reaching $165.77 million, while its market capitalization now stands at $1.07 billion.

This surge in volume highlights growing investor interest and signals a strong possibility of further upward movement. BONK is currently testing the $0.000014 resistance level, a psychological and technical barrier that, once broken, could open the door to a significant price rally.

From a technical analysis standpoint, BONK is trading within a key support and resistance range, often considered a neutral zone where major moves are incubated. Observing the price action closely is crucial, as a breakout in either direction could dictate the next trend.

The support zone for the asset lies between $0.00000890 and $0.00000960, indicating a price range where buying interest may help prevent further declines. On the other hand, the resistance zone is positioned between $0.00001520 and $0.00001565, suggesting a level where selling pressure could limit upward movement.

While the token remains in consolidation, scalping opportunities exist for short-term traders using tight stop losses. A clean break above the upper resistance range could ignite a fresh rally, especially as momentum indicators and volume support a bullish outlook.

Massive Accumulation Signals Growing Confidence

On-chain data from DeFiLlama reveals that BONK holders have been massively accumulating the token, which could be a sign of growing confidence in the asset’s long-term potential.

As countless low-value meme coins fade, BONK continues to solidify its presence with strong community backing and active market participation. This accumulation trend, combined with the broader market recovery, enhances the probability of a bullish breakout in the coming days.

Will BONK Price Explode in April 2025?

With Bitcoin leading the charge and meme coins gaining renewed attention, BONK is well-positioned to benefit from the current bullish environment. If the token successfully breaks through the $0.00001565 resistance level, it could trigger a new leg up in price, potentially marking a return to its previous highs.

Traders and investors should keep a close eye on BONK, as it hovers near a critical breakout zone. Whether you’re a long-term holder or a short-term scalper, BONK’s technical setup and market sentiment suggest that April 2025 could be a pivotal month for this rising meme coin.