Bonk (BONK) Price Prediction for May 2025: Can BONK Reignite Its Rally?
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Bonk (BONK), one of the most talked-about meme coins in the Solana ecosystem, enters May 2025 navigating a consolidation phase after its explosive April rally. With technical patterns compressing and volatility on pause, traders are now watching closely for signs of a breakout—or another leg of retracement. The following analysis unpacks BONK’s current structure and what traders can expect in the weeks ahead.
Bonk Price Daily Chart: Rebounding from Key Fibonacci Midpoints
Bonk’s explosive rally in April stalled near the $0.00002175 mark, from which the asset retraced in a textbook Fibonacci correction. The daily chart outlines a clean pullback toward the 0.5 Fib level at $0.00001530, where a bounce has initiated. Importantly, this level intersects with prior consolidation in early April and now acts as the first support base.
The current daily candle hovers around $0.00001620 after BONK defended the 0.618 Fib zone at $0.00001378. As long as this region holds, the setup favors continued bullish interest. A reclaim of the 0.236 level at $0.00001871 would be a strong technical signal for upside resumption. Notably, …
The post Bonk (BONK) Price Prediction for May 2025: Can BONK Reignite Its Rally? appeared first on Coin Edition.
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Bonk (BONK) Price Prediction for May 2025: Can BONK Reignite Its Rally?
Share:
Bonk (BONK), one of the most talked-about meme coins in the Solana ecosystem, enters May 2025 navigating a consolidation phase after its explosive April rally. With technical patterns compressing and volatility on pause, traders are now watching closely for signs of a breakout—or another leg of retracement. The following analysis unpacks BONK’s current structure and what traders can expect in the weeks ahead.
Bonk Price Daily Chart: Rebounding from Key Fibonacci Midpoints
Bonk’s explosive rally in April stalled near the $0.00002175 mark, from which the asset retraced in a textbook Fibonacci correction. The daily chart outlines a clean pullback toward the 0.5 Fib level at $0.00001530, where a bounce has initiated. Importantly, this level intersects with prior consolidation in early April and now acts as the first support base.
The current daily candle hovers around $0.00001620 after BONK defended the 0.618 Fib zone at $0.00001378. As long as this region holds, the setup favors continued bullish interest. A reclaim of the 0.236 level at $0.00001871 would be a strong technical signal for upside resumption. Notably, …
The post Bonk (BONK) Price Prediction for May 2025: Can BONK Reignite Its Rally? appeared first on Coin Edition.
In This News
Coins
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In This News
Coins
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Read More
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