BONK Memecoin Explodes and Attracts All the Whales
The memecoin Bonk has recently experienced strong demand and persistent bullish momentum, hinting at the possibility of crossing the key threshold of $0.000025 in the near future. With a price increase of over 60% in one week and an 8% rise in open interest over the last 24 hours, speculative activity around Bonk appears to be intensifying.
Indeed, this growing speculative activity reinforces the market’s bullish dynamics. Although the long-term weekly chart structure remains bearish, requiring support at the $0.000026 level to reverse the trend, the current strong demand could allow this Solana memecoin to surpass the peaks reached in May.
Analysis shows that BONK could well reach the $0.000035 resistance in the coming days. The CMF indicator shows capital inflows not recorded since November 2024, just before its explosion and new ATH two weeks later.
A Bearish Long-Term Structure and a Crucial Resistance
Today, BONK broke through its POC at $0.0000224 and is heading toward the $0.000025 resistance level in the coming days.
However, to restart a bullish long-term structure, the token will need to break through the protected high at $0.000035. A breakthrough of this resistance would signal the potential to reach a new ATH. A rejection at these resistance levels could trigger a pullback to $0.000019.
Although current momentum favors the memecoin, traders and investors should keep in mind that the weekly chart structure remains bearish. Long position traders are advised to take profits around $0.000026 and carefully observe price developments before making their next decision.
How to Bet on Bonk in 2025 ?
If BONK breaks through the $0.000025 resistance, it will likely reach $0.000035 in the following days. This represents a gain of over 35%. To capitalize on this momentum, here are the simple steps to buy Bonk on BitMart :
- Create an Account
Visit BitMart, click “Register,” enter a valid email and secure password, then validate through the link. - Verify Your Identity
Log in, access “Identity Verification,” upload an ID document and proof of address. - Add Funds
In “Wallet” > “Deposit,” choose USDT, transfer from a wallet or deposit via card. - Buy
Go to “Spot Markets,” search for BONK/USDT, choose an order type (market or limit), specify the amount, and confirm.
