The price of the BONK token has shown significant growth recently, breaking key resistance levels and attracting traders' attention.
BONK's Rise to a New High
At the time of writing, the price of BONK has reached 0.000039 USD, marking the highest level in several months. The price has risen by 24% in the past 24 hours and over 75% since the beginning of the week. Daily trading volume has exceeded 3 billion USD, indicating renewed market activity.
Technical Analysis and Price Forecasts
Crypto analyst Professor Moriarty noted chart shifts earlier this week.
> “After several attempts, it finally broke through resistance and held above it,” he posted.
BONK is now trending towards a price range of 0.00004676–0.00005876, which serves as targets should the current bullish trend persist. These levels coincide with previous swing highs and may act as short-term objectives.
Overall Market Dynamics Supporting Growth
BONK's sharp rise comes as broader crypto sentiment improves. Open interest is rising across major exchanges, and risk appetite has returned to the meme coin sector. Notably, the token was recently added to Grayscale's institutional tracking list, which some market watchers see as a step toward broader legitimacy.
Currently, BONK trades just below a key resistance area. A near break above 0.000037 would signal continuation, while failure to clear this area might result in short-term consolidation.