The meme-inspired cryptocurrency BONK has been making waves in the digital asset space, posting a 10% surge in the past 24 hours and climbing 37.89% over the past week. Month-to-date, the token has skyrocketed by 88.37%, capturing the attention of traders and analysts alike. But as momentum builds, BONK now finds itself at a pivotal crossroads—one that could determine whether it breaks into new bullish territory or faces a sharp correction.
With technical indicators flashing mixed signals and key supply zones coming into play, the question on every investor’s mind is: What’s next for BONK?
BONK Enters Critical Supply Zone
On the 1-day chart, BONK has entered a major supply zone—a historically significant price level where selling pressure has previously overwhelmed buying interest. In past cycles, trading activity within this zone led to lower highs and lower lows, followed by a six-day downward trend.
👉 Discover how market cycles influence breakout potential and what it means for your strategy.
If history repeats itself, BONK may be due for a pullback. A rejection at this level could trigger profit-taking and short entries, pushing prices lower in the short term. Analysts suggest that without a decisive breakout, a correction appears increasingly likely.
However, markets are not bound by past patterns alone. Should BONK manage to push through this resistance with strong volume and sustained buying pressure, it could unlock significant upside potential. Two key price targets are now in focus:
- Short-term target: $0.00003689 (a 51% increase from current levels)
- Long-term target: $0.00006230 (representing a 155% upside)
Reaching either milestone would mark a major milestone for the Solana-based meme coin, reinforcing its growing relevance in the crypto ecosystem.
Exchange Netflow Shows Selling Pressure
Despite the bullish momentum, on-chain data reveals growing caution among spot traders. The Exchange Netflow metric—which tracks the net movement of tokens into or out of exchanges—indicates that more investors are offloading BONK at current prices.
Over the last 24 hours alone, approximately $4 million worth of BONK has been deposited onto exchanges, typically a bearish signal suggesting profit-taking or anticipation of a price drop. When large volumes accumulate on exchanges, they often precede increased sell-side pressure as traders prepare to exit positions.
This development raises concerns about short-term sustainability, especially given BONK’s position within a known supply zone. Yet, while spot market sentiment shows signs of hesitation, derivatives markets tell a different story—one of resilience and conviction among leveraged traders.
Bulls Hold Firm Amid Derivatives Activity
Even with rising selling pressure in the spot market, bullish sentiment remains strong in the derivatives space. The Open Interest Weighted Funding Rate, a key gauge of market sentiment in futures trading, has stayed firmly in positive territory for 20 consecutive days since April 22.
This prolonged period of positive funding suggests that long positions (buyers) continue to dominate the market and are willing to pay premiums to maintain leverage. Such sustained optimism often acts as a buffer against sharp corrections, providing underlying support during pullbacks.
Additionally, the long-to-short ratio remains skewed in favor of buyers. This means that despite the $4 million in exchange inflows, derivative traders are still placing more bets on price increases than declines. This divergence between spot and futures markets highlights a split in trader psychology—retail investors may be cashing out, but more aggressive traders are doubling down on upside potential.
Technical Indicators Signal Bullish Momentum
Beyond sentiment metrics, technical indicators are painting a largely optimistic picture for BONK’s near-term outlook. Two key tools—the Bull Bear Power indicator and the Chaikin Money Flow (CMF)—both point to ongoing buying dominance.
Bull Bear Power: Buyers in Control
The Bull Bear Power indicator measures the strength of bulls versus bears by comparing price action to an Exponential Moving Average (EMA). A green histogram above zero indicates that buyers are driving momentum. Currently, the indicator shows a consistent green formation, signaling that demand continues to outweigh supply.
This suggests that even if short-term volatility leads to minor pullbacks, underlying buying pressure remains intact—a crucial factor for sustaining rallies in volatile markets.
Chaikin Money Flow: Volume Supports Uptrend
The Chaikin Money Flow (CMF) tracks the flow of money into or out of an asset over a set period. A reading above zero indicates accumulation (buying), while below zero signals distribution (selling). At present, CMF is holding steady above 0.00, confirming that volume is supporting upward movement.
When price gains are backed by strong volume, they tend to be more sustainable. The current CMF reading adds credibility to the ongoing rally, reducing the likelihood of a sudden collapse unless external shocks or massive sell walls emerge.
👉 See how real-time indicators can help you time entries and avoid false breakouts.
Core Keywords Integration
Throughout this analysis, several core keywords naturally emerge based on search intent and relevance:
- BONK price prediction
- BONK supply zone
- BONK technical analysis
- BONK bullish outlook
- BONK correction risk
- BONK trading strategy
- meme coin rally 2025
- crypto breakout signals
These terms reflect high-intent queries from traders seeking actionable insights into BONK’s trajectory and broader market behavior. By aligning content with these keywords organically, this piece supports both readability and discoverability across search platforms.
Frequently Asked Questions
What is a supply zone in crypto trading?
A supply zone is a price range where sellers historically dominate, leading to downward price reversals. When an asset like BONK trades within such a zone, it faces increased resistance and higher odds of a correction unless strong buying breaks through.
Can BONK avoid a correction despite being in a supply zone?
Yes—while supply zones increase correction risks, they are not guarantees. If buying volume surges and sentiment remains strongly bullish (as seen in funding rates and CMF), BONK can overcome resistance and continue its rally.
How reliable are funding rates for predicting BONK’s price?
Funding rates reflect short-term sentiment in futures markets. Sustained positive rates (like BONK’s 20-day streak) suggest strong long-side conviction, which can delay or prevent corrections—but extreme levels may also signal over-leverage and eventual liquidation risks.
What does Exchange Netflow tell us about BONK?
A positive Exchange Netflow (more inflows than outflows) often precedes selling pressure, as seen with $4 million in recent deposits. However, it doesn’t always lead to price drops if offset by strong derivatives demand or off-exchange accumulation.
Is BONK’s rally sustainable long-term?
Sustainability depends on continued adoption, ecosystem development on Solana, and broader market conditions. While technicals support short-term gains, long-term viability requires more than speculation—utility and community engagement will be key drivers beyond 2025.
What should traders watch next for BONK?
Key levels to monitor include the immediate resistance at the supply zone boundary and volume patterns during attempted breakouts. Additionally, watch funding rates, open interest changes, and any shifts in the long-to-short ratio for early signs of trend reversal or continuation.
👉 Stay ahead with advanced analytics tools that track all these metrics in real time.
Final Outlook: A Tug-of-War at Critical Juncture
BONK stands at a make-or-break moment. On one side: historical resistance, exchange sell-offs, and correction risks. On the other: strong derivatives support, positive technical indicators, and growing investor interest in meme coins amid renewed market optimism.
Whether bulls can overpower bears depends on whether buying pressure intensifies enough to breach the supply zone decisively. Traders should remain cautious but open-minded—volatility is expected, but so is opportunity.
For those navigating this dynamic landscape, staying informed with real-time data and multi-layered analysis is essential. The next few days could define BONK’s path for months to come.