BONK Price Prediction: BONK Eyes $0.00003379 as Bulls Take Control

Highlights:

• BONK is pushing higher after completing a bullish reversal last week
• Rebound now puts the $0.00003379 resistance in focus
• BONK’s strong standing among meme coins could drive a further rally

BONK (BONK) has been a top performer in the last few days, ranking among the best-performing altcoins in the week. In the previous 7 days, BONK has rallied by 67.87%. BONK’s intraday price action remains strong as well. In the past 24 hours, BONK has gained by 11.39% to trade at $0.00001296. However, this rally has been followed by a drop in BONK’s intraday trading volumes. 

When writing, BONK’s trading volumes had dropped by 25.81% to stand at $542.16 million. The drop in volumes at a time when the price is going up is a positive signal for BONK. It means that the average holder is not selling their BONK and expects the price to continue rising in the foreseeable future. This is likely to boost confidence among new buyers and drive the price even higher in the short to medium term. There are a couple of factors that support a continuation of the momentum that BONK has built up intraday. 

Return of Risk-On Sentiment Could Push BONK Higher

One of them is the expectation that risk-on assets are set for a major rally in 2026. One of the key factors driving this expectation is the recent moves made by the Federal Reserve. The Fed cut rates in December, after a similar move within the same quarter. It also ended QT and has, in recent weeks, injected billions of dollars into the financial markets.

There are also strong expectations that the replacement for Jerome Powell as the Federal Reserve Chairman will be a dovish person. This means there could be even more cuts this year. All this has put investors in a bull mood and is sending risk-on assets higher.

BONK, being a meme coin, is expected to benefit the most from the rising positive expectations in the market. That’s because in past bull cycles, meme coins have tended to outperform the rest of the market. Retail capital, unable to leverage Bitcoin’s potential due to limited capital, is likely to invest more money in BONK and other altcoins, sending them to new highs.

BONK Has Better Fundamentals Than Most Meme Coins

BONK also has a unique position in the cryptocurrency market relative to most meme coins. The average meme coin has no real use case and relies heavily on community hype. This means that most of them are prone to pump-and-dump schemes.

BONK is among the few meme coins that have underlying value. It has a platform for launching other meme coins that generates real revenue. The platform also allows for the burning of BONK, which is helping reduce the supply over time. BONK has also been making inroads in the gaming space.

Recently, BONK launched the Bonk Arena. This is a play-to-earn game that operates on the Solana network and utilises BONK as its in-game currency for rewards. Such use cases elevate BONK to a higher level compared to purely speculative meme coins. The result is that BONK could go parabolic as FOMO starts to build up across the cryptocurrency market. 

Technical Analysis – BONK Price Gains Momentum After Successful Bullish Reversal

BONK made a successful bullish reversal last week, marking an end to a multi-month bear run. The bullish reversal has seen BONK continue to gain strength so far this week. If bulls sustain momentum across the cryptocurrency market, BONK could rally back to the $0.00003379 multi-month resistance.

Source: TradingView

On the other hand, if bears regain control and push BONK through the $0.00000757 support, a correction to prices as low as $0.00000500 could follow. Of these two scenarios, a rally to $0.000003379 is more likely due to the buildup of bullish sentiment across the market. 

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