Date: Sat, Oct 04, 2025 | 06:54 AM GMT
The cryptocurrency market is showing strength as both Bitcoin (BTC) and Ethereum (ETH) have surged over 11% in the past 7 days. Riding this resilience, several memecoins are starting to flash bullish signals — and Bonk (BONK) is one of them.
BONK jumped 6% today, extending its weekly gains to over 10%. But what really makes it stand out is its technical setup, which looks like it could be preparing for a potential bullish breakout.
Falling Wedge in Play
On the daily chart, BONK is forming a falling wedge pattern — a classic bullish reversal structure that typically appears toward the end of prolonged downtrends.
In its latest move lower, BONK dipped to around $0.00001828 after being rejected at the wedge’s upper boundary. However, buyers stepped in quickly at this key support level, sparking a rebound that has lifted the token to around $0.00002146, now testing the wedge resistance trendline.
This tightening wedge indicates that momentum is coiling up, with a decisive move likely on the horizon.
What’s Next for BONK?
If bulls manage to push BONK above the wedge resistance and reclaim the 100-day moving average at $0.00002390, it would likely confirm a bullish breakout. A successful breakout could open the door for a rally toward the next big target near $0.00004079, which lines up with the wedge’s measured move projection.
On the flip side, if BONK fails to break out, the token could once again revisit its wedge support before attempting another push higher.
For now, momentum looks encouraging, and traders are watching closely to see if BONK can finally break through.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
The opinions and market insights shared on CoinsProbe represent the views of individual authors based on prevailing market conditions at the time of publication. Cryptocurrency investments carry significant risk and volatility. Readers are encouraged to conduct their own research and seek professional financial advice before making investment decisions. CoinsProbe and its contributors do not accept responsibility for financial losses or decisions made based on published content.
CoinsProbe may publish sponsored articles, affiliate links, or promotional collaborations. All sponsored material is clearly labeled to maintain transparency with our audience. Our editorial decisions remain fully independent, and advertising partnerships do not influence reviews, rankings, or published opinions.
Since 2023, CoinsProbe has delivered reliable insights on cryptocurrency, blockchain, and digital assets. Our content is created by experienced researchers and analysts who follow strict editorial standards focused on accuracy, transparency, and credibility. Every article is carefully reviewed and verified using trusted sources and current market data. We provide unbiased analysis and timely updates covering everything from emerging crypto projects to major industry developments.
