Crypto
BONK Surges 51.8%, but Can It Overcome Historic Lows?
BONK has rallied significantly in recent weeks, breaching a descending trendline resistance that dated back to May. Since hitting its low of $0.00000222 on August 13th, BONK has gained 51.8%. However, it's still down 91.7% from its high of $0.00004075 in July 2025.
The memecoin's demand remained strong despite the Bitcoin price dip below $80k last Friday. Its daily trading volume saw a 50% increase, while the CMF signaled sizeable capital inflows into BONK's market.
However, traders are cautious about the path ahead for BONK bulls. A range formation has developed between $0.00000284-$0.00000338 over the past two weeks, and if the upper extreme is flipped to support, it could signal another bullish price move.