Crypto Express

07/14 08:08

BONK retests resistance with caution in the air

At press time, BONK hovered near $0.00002508, climbing over 13% in 24 hours and clocking a 160% spike in trading volume.

This notable price gain by the memecoin has even outperformed major cryptocurrencies like Bitcoin [BTC] and Dogecoin [DOGE].

Naturally, this burst of momentum has brought BONK back to a familiar battleground—the $0.00002626 resistance level.

It’s the same zone where, back in April 2025, BONK surged after breaking a descending trendline only to reverse shortly after.

This time, the memecoin has again broken out of a similar descending trendline and reached the same level, which is now raising the question whether history repeats itself this time, or it breaks through this key resistance?

Given the current market sentiment, if the ongoing momentum continues and the overall structure remains unchanged, BONK’s price could easily break out of this resistance level.

If that happens, there is a strong possibility that the price could soar by 37% and reach the $0.0000364 level. On the other hand, if it fails to break out, history may repeat itself and the price could dip again.At press time, BONK was trading above the 200-day Exponential Moving Average (EMA), which suggests that the asset is in an uptrend.

Meanwhile, the Relative Strength Index (RSI) stood at 70, indicating that the asset has entered overbought territory, which could potentially lead to a short-term price correction if buying momentum weakens.

#BTC price hits a new high of $120,000! #Share Your Thoughts on Popular Assets in June#Claim1,200 USDT in the Monthly Creation Challenge#Do you think NEWT is promising?#Do you think DELOREAN is promising?

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