TL;DR
- BONK retests neckline help after breakout, holding close to flag resistance and potential breakout zone.
- Open Curiosity drops from $73M to $29M, displaying merchants stay cautious regardless of a bullish setup.
- Value trades above 200-day common as RSI stays impartial, signaling balanced momentum on the chart.
Breakout Retest at Neckline Stage
Bonk (BONK) is buying and selling close to a key technical stage after finishing an inverse head and shoulders sample on the day by day chart. The neckline of the sample, positioned round $0.00002, was damaged earlier this month. The token is now retesting this stage, which can act as help if consumers step in.
Analyst Jonathan Carter posted on X:
“Sample completion + neckline maintain = 100% upside potential.”
#BONK Neckline Retest – Bulls Able to Bounce
The token is going through the damaged neckline of the inverse head & shoulders on the day by day timeframe
Sample completion + neckline maintain = 100% upside potential
Goal ranges: $0.000024 → $0.000030 → $0.000037 → $0.000041 →… pic.twitter.com/rMFGyweYdQ
— Jonathan Carter (@JohncyCrypto) August 26, 2025
He pointed to upside targets at $0.000024, $0.000030, $0.000037, $0.000041, and $0.000052. BONK was priced at $0.000021 on the time of writing. It has gained 5% within the final 24 hours however is down 2% over the previous seven days. Every day buying and selling quantity stands at over $225 million.
After the neckline breakout, BONK fashioned a bullish flag, a consolidation sample that may result in one other transfer increased if damaged to the upside. The token is now testing the higher fringe of that flag.
BONK is buying and selling above the 200-day shifting common, which is an indication of long-term energy. The Relative Energy Index (RSI) is impartial, which suggests the present value is balanced when it comes to demand and provide.
Derivatives Market Factors to Warning
Whereas the chart reveals a bullish construction, broader market knowledge displays decrease exercise. Open Curiosity (OI) in BONK futures contracts is round $29 million, in accordance with CoinGlass, down from a peak of $73 million in July. The decline in OI suggests decrease participation and lowered threat urge for food amongst merchants.
Analyst @AltwolfCrypto commented:
“Bullish solely on reclaim of 1D 200EMA + .000022$… We’re down 50%+ in a heavy downtrend.”
He famous that the value wants to maneuver above key ranges earlier than a shift in pattern could be confirmed.
Institutional Monitoring and What’s Subsequent
Final month, BONK was added to Grayscale’s monitoring record. Whereas this doesn’t sign funding, it places the token on the radar of institutional merchants.
For now, market contributors are watching to see whether or not BONK holds the neckline stage and breaks above the flag construction, which might result in a brand new upward transfer.
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