Is BONK About to Surge 30%?

BONK/USD Daily Chart- TradingView

The daily BONK/USD chart shows a subtle but promising shift from a consolidation phase into what could become a new upward trend. Looking at the Heikin Ashi candles, we can see that BONK has been moving sideways for weeks after its decline in May. However, the recent green candles with longer bodies suggest buying pressure is slowly returning.

What Does the Fibonacci Level Tell Us？

The Fibonacci retracement levels plotted on this chart are significant. BONK price is currently hovering near the 0.382 retracement level at about $0.0000145. This level often acts as an inflection point — a decisive close above this could push BONK toward the next Fibonacci band near the 0.236 level around $0.0000175. This would be a ~20% upside from the current price.

For example:

Potential upside = (0.0000175 – 0.0000145) ÷ 0.0000145 ≈ 20.7% gain.

Is RSI Supporting a Price Rebound？

The RSI (14) is now at 47.54, moving close to the neutral 50 mark. This suggests BONK price is neither overbought nor oversold. A break above 50 would indicate growing bullish momentum. Notably, the RSI has climbed from the oversold zone near 30 just a few weeks ago, showing that sellers have lost dominance.

If BONK price breaks and sustains above $0.0000145 and $0.0000175, the next logical target is the round figure near $0.0000200, aligning with the psychological resistance. On the downside, if BONK fails to hold the 0.382 level, it might revisit the lower Fibonacci band near $0.0000120, which is roughly a 17% drop from current levels.

How Should Traders Approach BONK Now？

BONK price is at a technical crossroads. Short-term traders should watch for a daily close above the $0.0000145 mark with increasing volume. This breakout could confirm a fresh rally toward $0.0000175–$0.0000200. However, if the breakout fails, tight stop-losses near $0.0000135 could protect against a deeper pullback.

BONK Price Prediction: Is a Bounce in Sight？

The chart structure, pivot levels, and RSI all hint at a possible breakout — but buyers must reclaim the Fibonacci pivot to gain momentum. Keep an eye on the next few daily closes: if BONK breaks the sideways drift, this meme coin could surprise with a short-term 20%–30% spike.