According to currency Futura, BONK, a meme currency rooted on Solana, rose 16% in a day to $0.00002112, challenging a crucial resistance at $0.00002222 while remaining above the $0.00001784 level. The hourly Relative Strength Index (RSI) at 75.17 and 72.85 signals strong bullish momentum but risks overbought conditions (>70), suggesting potential short-term exhaustion. The Moving Average Convergence Divergence (MACD) shows a bullish crossover, with the MACD line above the signal line and a positive histogram, reinforcing upward pressure. Trading volume spiked 326% alongside the rally, driven by ETF speculation and Solana ecosystem momentum, per BanklessTimes. The BONK/USDT pair’s 16.3% gain against BTC (0.091954 BTC) underscores BONK’s relative strength, per @WorldOfCharts1 on X (July 2, 2025).
The $0.00002222 resistance has capped prior rallies, forming a critical hurdle for BONK. The current price range ($0.00001784–$0.00002222) defines short-term action, with sellers defending the upper bound, per Coin Futura. A cup-and-handle pattern breakout and increasing volume might support a breakthrough over $0.00002222 that targets $0.0000250–$0.0000280, according to FXStreet. Failure to breach may see BONK retest support at $0.00001784 or lower to $0.0000150, per CoinLore. The 50-day EMA ($0.000017) and 200-day EMA ($0.000020) below the current price confirm a bullish structure, per FXStreet. @xiaweb3 on X (June 10, 2025) noted BONK’s “clean stair-step progression” with increasing volume, signaling potential for further gains if support holds.
Speculation around a Tuttle Capital Management 2x Long BONK ETF, with a potential July 16, 2025, launch, fueled the rally, boosting trading volume and retail interest, per BanklessTimes. According to CoinMarketCap, BONK’s usefulness inside Solana’s ecosystem is increased by its 350+ DeFi integrations and a validator cooperation with DeFi Development Corp in May 2025. BONK’s popularity is aided by Solana’s cheap fees and increasing DeFi TVL ($10.2 billion, per DeFiLlama); however, competition from more recent Solana meme currencies, such as Fartcoin, might dilute the market, according to CoinMarketCap. @iamkadense on X (November 14, 2024) highlighted BONK’s 100% weekly gain, projecting a $0.11 long-term target, though this remains speculative.
Analysts predict BONK could hit $0.00002244–$0.00005765 by year-end 2025 if bullish momentum persists, per CoinPedia and Cryptopolitan. A breakout above $0.00002222 could trigger a 60% rally to $0.000034, per FXStreet, while a bearish scenario risks a drop to $0.0000088 if RSI and MACD turn negative, per CCN. Long-term forecasts for 2030 range from $0.00008624 to $0.00012073, driven by Solana’s growth, per CoinPedia. Risks include meme coin volatility, regulatory uncertainty, and a potential BTC correction, as BONK’s price often follows Bitcoin’s trends, per CryptoNews. Investors should monitor RSI for overbought signals (>75) and BONK’s $0.00001784 support via TradingView or @AltCryptoGems on X.
