BONK Breaks June High: Strong Demand but Divergent Outlook | Crypto Assets Market Analysis

Driven by strong demand, the price of Bonk (BONK) has surpassed the June high. This demand is reflected in the volume of both the Spot and derivation markets.

Currently, BONK shows a differentiated outlook on different time frame charts.

Weekly Chart Analysis: Bearish Structure Dominates | BONK Price Prediction

• Swing Structure Bearish: Key swing points are at $0.00000258 and $0.0000114. BONK price trend needs to break through the previous resistance level of $0.00000258 to indicate a bullish outlook on higher time frames.

• Unclear Signs of Trend Reversal: Although the June low is higher than the March low (a preliminary signal of trend change), it is not a decisive signal. The volume balance indicator (OBV) has been moving sideways since March.

• Sustained Demand in Doubt: The volume indicator shows a lack of sustained demand for BONK, which may hinder its continued rise.

• RSI shows bearish dominance: The weekly Relative Strength Index (RSI) remains consistently below the neutral level of 50 (with only a few weeks in May 2025 as exceptions). The current RSI is 49.86. A breakout above 50 could be the first signal of a momentum shift.

  

Daily Chart Outlook: Short-term Bullish Signals Strengthen | Cryptocurrency Technical Analysis

• Swing Structure Turns Bullish: After the rise on July 5th (last Saturday), the daily swing structure has turned bullish.
• Bullish Indicators: OBV hits a new high (above the June peak), while RSI also jumps above 50. Both OBV and RSI strengthen, sending a bullish signal for this Meme coin.
• Market Structure Breakthrough: BONK achieved a bullish market structure breakthrough on the daily chart on June 28.
• Higher Lows: The higher lows formed over the past ten days indicate that BONK bullish strength is increasing.

Trading Strategy Recommendations | Cryptocurrency Trading Opportunities

• Short-term profit taking: Local highs may have appeared, traders may consider closing long positions to take profits.
• Potential Shorting Opportunity: If the bearish market structure transition occurs on the 4-hour chart, it may provide the next swing trading opportunity.
• Possibility of continued rise: Given the increase in trading volume during the upward trend, it is more likely that BONK will continue to rise.
• Ideal Long Entry Point: Traders should wait for $0.0000183 level to flip to support before considering establishing long positions.