BONK Price Prediction Signals 55% Rally By July End, But There’s a Twist

BONK price prediction suggests a 55% rally amid market recovery, with key resistance in a rising wedge pattern.
By Sahil Mahadik
Updated July 18, 2025
BONK price

Highlights

  • The double bottom breakout from the $0.000027 neckline provides buyers with suitable support to take the next leap.
  • A bullish crossover between the 20-and-100-day EMA could accelerate the market's bullish momentum.
  • The intraday trading volume in Bonk is $565.4 Million, indicating an 87.2% gain.

The BONK price prediction in the daily chart shows a 4-day rally amid the current market recovery. From the $0.000022 low, the Meme coin jumped 28% to trade at $0.000028, while the market cap reached $1.94 Billion. This bullish upswing recently breached the immediate monthly resistance of $0.000027 along with the formation of a bullish reversal pattern. Time to go long?

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BONK Price Prediction: Mt. Gox Sale Impact Overstated

BINANCE:BONKUSDT Chart
BONK Price Prediction| Tradingview

Following the recent market correction, the BONK price developed from a local bottom at $0.00018. The horizontal floor coincided closely with the support trendline of the rising wedge pattern creating a strong accumulation for buyers.

A bullish turnaround has uplifted the asset 56% within a fortnight to trade at $0.000028. Amid this upswing, the BONK price gave a decisive breakout from the double-bottom reversal pattern. 

Ki Young Ju, CEO of CryptoQuant, has highlighted the fear, uncertainty, and doubt (FUD) surrounding the potential sale of Mt. Gox’s Bitcoin is largely overblown. In a recent tweet, he pointed out that the growth of Bitcoin’s market cap has significantly outpaced its realized cap growth, indicating strong demand in the market.

Since 2023, a staggering $224 billion worth of Bitcoin has been sold, yet the price has surged by 350%. Ju noted that even if the $3 billion worth of Bitcoin held by Mt. Gox were sold on Kraken, it would represent just 1% of the realized cap increase in the current bull cycle. This minimal impact underscores the manageable liquidity in the market.

Amid prospects of an extended market recovery, BONK price prediction suggests a potential 55% rally before encountering significant resistance within a rising wedge pattern. As long as the converging trend lines hold, this Solana-based memecoin may continue to experience a consolidation phase.

If the overhead trendline persists, the BONK price may enter another fresh correction.

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Technical Indicator:

  • Exponential Moving Average: The coin price back above the daily Exponential Moving Average (20, 50, 100, and 200) indicates the path to least resistance is up.
  • RSI: The daily Relative Strength Index slope back above 60% indicates the memecoin entering a high momentum rally.
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Frequently Asked Questions (FAQs)

1. What is a double-bottom reversal pattern?

A double-bottom reversal pattern is a bullish chart formation that appears after a downtrend

2. What is market cap?

Market cap, or market capitalization, is the total value of a cryptocurrency's circulating supply multiplied by its current price.

3. What is EMA indicaoo

EMA stands for Exponential Moving Average. It is a type of moving average that gives more weight to recent prices, making it more responsive to new information.
Sahil Mahadik
Sahil is a dedicated full-time trader with over three years of experience in the financial markets. Armed with a strong grasp of technical analysis, he keeps a vigilant eye on the daily price movements of top assets and indices. Drawn by his fascination with financial instruments, Sahil enthusiastically embraced the emerging realm of cryptocurrency, where he continues to explore opportunities driven by his passion for trading
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