BONK Price Prediction: Why Is BONK Price Rising Now?

BONK price has come into the spotlight again with an impressive rally, now heating up on both the daily and hourly timeframes. As the meme coin market shows signs of warming up once more, traders are keeping a close eye on BONK for the next breakout move.

According to the latest chart analysis from Benaz Bank, BONK price is approaching a critical resistance zone, but the technical structure suggests more upside may be in store.

This analysis dives deep into the latest price action, highlighting key Fib levels, moving averages, and support/resistance zones to keep an eye on.

The meme coin token has risen over 60% from its local bottom around $0.000015 to trade at $0.0000245. On the daily chart, we can see that the price has cleanly broken out of the 50-day and 100-day SMA levels (which were acting as major resistance earlier), confirming bullish sentiment.

Now, BONK price is trading above all key moving averages including the 200-day SMA at ~$0.0000239 — a strong long-term bullish indicator. This bullish crossover usually indicates a shift in momentum, often preceding larger moves.

The price has also respected the 20-day SMA as dynamic support since early May, highlighting strong buyer interest on any pullbacks.

Is BONK gearing up for a breakout?

Yes, zooming into the 1-hour chart, we can see that BONK is consolidating just below the final resistance at $0.0000258, which also coincides with a previous high. A clean move above this level could open the door to the next Fib extension zone around $0.0000283 and $0.0000300.

To calculate the Fibonacci Extension Targets, we take the recent low at $0.000013, the high at $0.000025, and the Fib points of interest.

From April low to recent high: $0.000025 - $0.000013 = $0.000012 (impulse move)

The price action is now setting up the potential for a final wave to complete the five-wave structure from the March lows.

If there’s strong volume and we get a breakout, this could send BONK as high as $0.000037, though that would require broader meme coin interest and stability in the Bitcoin price.

What’s supporting BONK’s uptrend?

From a technical perspective:

Key support levels to watch

If the price fails to break the resistance at $0.0000258, a retest of the following support levels is possible:

A breakdown below $0.000020 would invalidate the current bullish structure and signal a correction phase.

If the bulls manage to break the resistance and push the price higher, the next key levels to watch on the upside are:

The potential for a rally towards $0.000037 would depend on the overall market mood and if we see a return of interest in meme coins like PEPE and TARO.

Short-term forecast (next 3–7 days)

Mid-term outlook (May 2025)

If BONK price manages to sustain its current trajectory and breaks into price discovery, we can expect to see a move towards $0.000035–$0.000037, supported by meme coin speculation and a favorable macro crypto environment.

To summarize, BONK is flashing a strong bullish setup on both the daily and hourly charts. A breakout above the key resistance could spark a quick rally toward $0.00003 and beyond.

However, traders should be mindful of any rejection at the critical levels and adjust their trades accordingly to manage risk.