What To Know
- BONK rallies 24% in a week, fueling hopes for a 2x breakout.
- RSI signals strong buying pressure, boosting investor confidence in BONK’s momentum.
- Key resistance levels: $0.000027, $0.000032, and $0.000038 before BONK’s potential surge.
BONK, a popular meme coin, has been in the limelight last week with its massive growth. The interesting part is that his growth is not unforeseen, as analysis earlier had shown signs of bull rally. Notably, this might just be the beginning of a bigger rally, as BONK might be preparing to increase its price 2x in the coming weeks.
What is BONK planing?
When it comes to meme coins, BONK has gained prominence among retail traders and analysts. World of Charts, a crypto analyst with a solid reputation in the industry, had identified a bullish breakout pattern in BONK’s price chart and predicted that such a movement could push the asset’s price up by 80 percent.
$Bonk #Bonk Clean Setup Playing Out Cleanly, 18% Profit So Far Expecting More https://t.co/OnNNbsxnKj pic.twitter.com/ZHkAPieamO
— World Of Charts (@WorldOfCharts1) September 12, 2025
While such attempts have never been realized, some gradual progress has been made since the breakout. BONK has so far managed to move up by about 18%, much of which built up in the recent days. The last seven days alone witnessed a 24% rally in BONK price, a disruptive feat when viewed against the wavering likes and dislikes across the crypto market.
At the time of writing, it was trading at $0.000002507 supported by a hefty market cap, more than $2.03 billion. Such a large market cap gives investor interest in the Solana-based meme coin. The coin has retained its position within a community-driven narrative while showing some encouraging technical setup. The initial bullish target is still presenting itself there, but BONK is emerging ever so slowly, signifying that traders are cautiously optimistic. The price action is related to accumulation, which brings to mind renewed confidence in the meme coin-sector and subsequent recovery in altcoins.
With the wave of speculative enthusiasm continuing to lift BONK, its next moves will be eagerly watched. Regardless of whether it comes through for 80%, the token has already made its case to defy the odds — which in crypto is often the survival recipe for momentum.
Will BONK’s 2x Rally Sustain?
The buying pressure seems to continue increasing, thus creating ever stronger chances for BONK to reach its expected 2x target. From a recent trading perspective, accumulation has been relatively strong, signaling positivity in investor sentiment. This optimism is supported by one of the fundamental indicators, the Relative Strength Index (RSI).
The price action velocity input of the RSI has kept rising steadily, showing increasing demand and capital inflow towards BONK. This incremental trend indicates more and more traders buying the token as opposed to selling it, which could generally be taken as an early sign of breakouts.
That said, BONK is set to conquer some vital short-term resistance before truly breaking out to the upside. The immediate handful of price hurdles are $0.000027, $0.000032, and $0.000038, respectively. At each of these resistance levels, BONK will have to maintain buyer support and overcome the heavy profit-taking from early investors.
If the price manages to break these resistance levels on very strong volumes, then BONK might be able to cement the fundamentals for this 2x move. The market setup looks bullish here, but the next couple of sessions would be key to confirming the breakout possibility of BONK.
