BONK is currently holding ground near $0.0000087, a level that has become a clear line between distribution and accumulation. After a 15% weekly pullback, price has returned to a zone where buyers have consistently stepped in, forming what market technicians recognize as a potential double-bottom structure. In mature meme cycles, these patterns often mark exhaustion rather than continuation, especially when downside momentum fades without triggering panic volume.
From a technical standpoint, the reset is constructive. Momentum indicators have cooled back to neutral, flushing leverage while preserving the broader structure. Short-term resistance remains overhead, but assets that base at support while maintaining active participation tend to move quickly once that ceiling breaks. A high-volume reclaim of the $0.0000096–$0.0000100 region would signal a decisive trend shift and open the path toward the $0.0000115–$0.0000120 range, a potential 30–35% upside from current levels.
What gives this setup weight is the evolving fundamental backdrop. BONK is no longer trading purely on humor; it is increasingly tied to Solana’s transaction economy through staking, incentive programs, and supply-reduction mechanics. With a major burn event approaching and more supply being locked out of circulation, the market is quietly tightening beneath price. In cycles where memes survive, they do so by integrating utility and liquidity. BONK appears to be doing both—right at a level where sentiment is weakest and opportunity is strongest.
