BONK Stabilizes After 7-Day Dip, Bounces 3% in 24 Hours

Bonk ($BONK), the Solana-based meme token, has recently shown signs of stabilization, rebounding 3% in 24 hours following a 7-day price dip. The recovery has reignited investor interest, with analysts and traders keeping a close eye on whether the bounce marks the beginning of a stronger upward trend or merely a temporary correction [1].

The token currently holds the 46th position by market capitalization at $2.12 billion. Despite the recent volatility, the $BONK community remains optimistic, supported by the token’s expanding holder base, now at 977,203 and approaching the one million milestone. Once this threshold is crossed, the project plans a 1-trillion-token burn to enhance scarcity and potentially increase long-term value [1].

Institutional interest is also on the rise. $BONK’s inclusion on the Grayscale Q3 2025 watchlist has added to its credibility, while a recent partnership with Dabba Network allows users to purchase internet hotspots using the token, with portions burned in the process. This move merges real-world utility with deflationary mechanisms, supporting both adoption and token value [1].

The token’s ecosystem is further bolstered by its integration with over 400 applications across 13 blockchains and strategic partnerships within the Solana network, including Magic Eden, Jupiter, and Orca. These collaborations enhance the token’s liquidity and exposure, contributing to its growing influence in the memecoin space [1].

Technically, $BONK is testing a critical support zone between $0.0000024 and $0.0000025. Analysts suggest this area could serve as a foundation for a potential rally toward the overhead supply zone. However, derivatives data reveals a mixed picture. Open interest has declined by 4.23% to $37.97 million, indicating reduced speculative activity. While the RSI and MACD show some signs of stabilization, the metrics remain neutral, lacking strong bullish divergence or confirmed volume [1].

Despite the modest recovery, the broader trend remains intact. Bulls must reclaim and hold above $0.00002714 with significant volume to confirm a stronger move. A successful breakout could see the token retest key resistance levels at $0.00003038 and beyond. Conversely, a failure to hold above $0.00002390 could lead to further retracement into $0.00001928 or even $0.00001711 [1].

With growing holder interest, strategic token burns, institutional recognition, and a deflationary model, $BONK appears well-positioned for a potential rebound. However, market participants should remain cautious, as the current up-move lacks strong momentum and may only represent a short-term correction rather than the start of a new bullish phase [1].

Source: [1] Is $BONK Ready to Rally? 3% Rebound Indicates Strong Key Support (https://cryptonews.com/news/is-bonk-ready-to-rally-2-96-rebound-signals-strong-key-support/)