Date: Tue, July 15, 2025 | 06:10 AM GMT
‘The cryptocurrency market has entered historic territory, with Bitcoin (BTC) soaring to a new all-time high of $123,000. Ethereum (ETH) is also riding the bullish wave, posting an impressive 18% weekly gain. This positive sentiment is lifting major memecoins across the board — and Bonk (BONK) is one of the top performers catching huge attention.
The Solana-based memecoin has rallied by 24% over the past week, extending its remarkable 90-day surge to 147%. While these gains are noteworthy, what’s even more compelling is the emergence of a harmonic pattern on BONK’s daily chart — signaling that the rally might just be getting started.
Harmonic Pattern Hints at Bullish Continuation
On the daily timeframe, BONK appears to be forming a Bearish Bat harmonic pattern, a classic setup in technical analysis known for forecasting significant price movements — especially during the final CD leg of the structure.
This particular Bat pattern begins from point X near $0.00003987, dropping to point A, then bouncing to point B, before retracing down to point C around $0.00001141. From there, BONK has reversed with strong momentum, reclaiming critical territory and now trading around $0.000029 — a level above the 200-day moving average, indicating bullish strength.
If the CD wave completes according to the pattern, the next key levels to watch are within the Potential Reversal Zone (PRZ) — ranging from $0.00003633 to $0.00003987. These correspond to the 0.886 and 1.0 Fibonacci extensions, common targets where Bat patterns typically complete their final wave.
What’s Next for BONK?
If BONK maintains this upward momentum with strong trading volume, the price could rise by another 36% toward the $0.00003987 level — the projected completion point of the harmonic pattern. This area will likely serve as a strong resistance and a decision point where traders may look to lock in profits.
That said, it’s crucial for BONK to hold above its 200-day moving average, currently around $0.000018, to keep this bullish setup valid. A drop below this level could undermine the pattern and invite short-term pullbacks.
With the broader market in a strong uptrend and BONK showing clear structural strength, all eyes are now on whether this memecoin can extend its impressive run toward new highs.
Disclaimer: This article is for informational purposes only and reflects the writer’s personal views. It should not be considered financial advice. Always conduct your own research before investing in cryptocurrencies.
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