{"id":2306,"date":"2026-07-05T00:49:08","date_gmt":"2026-07-05T00:49:08","guid":{"rendered":"https:\/\/xrpfaucet.site\/?p=2306"},"modified":"2026-07-05T00:49:08","modified_gmt":"2026-07-05T00:49:08","slug":"heres-why-bonk-traders-can-expect-another-21-46-price-bounce","status":"publish","type":"post","link":"https:\/\/xrpfaucet.site\/?p=2306","title":{"rendered":"Here’s why BONK traders can expect another 21%-46% price bounce"},"content":{"rendered":"
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\ud83d\udcf0 Exclusive Crypto News & Analysis:<\/strong> Stay ahead with the latest developments in the cryptocurrency and blockchain space.<\/p>\n

\ud83d\udcc8 Market Update:<\/strong> Real-time price movements, technical analysis, and trading signals.<\/p>\n

\n

Bonk (BONK) has emerged as one of the memecoins beginning to make a strong case for itself over the weekend. As Bitcoin (BTC) inched closer to the $64K local supply zone, some altcoins recorded their own short-term gains, outpacing those of BTC in the process.<\/p>\n

BONK is one such altcoin. It has rallied by just over 10% in the last 24 hours. Though a weekend, it also recorded a daily trading volume spike of 152%, giving the rally some substance.<\/p>\n

Coinalyze data showed that BONK Open Interest was up by 33.9% too. Strong speculative demand and spot volume hinted at a potential BONK bullish continuation in the coming days.<\/p>\n

This is why AMBCrypto took a closer look at the price action to understand what trends swing traders can expect next.<\/p>\n

BONK\u2019s long-term trend has not yet changed decisively<\/h2>\n
\"BONK\"BONK<\/a>
Source: BONK\/USDT on TradingView<\/figcaption><\/figure>\n

The swing structure of the memecoin<\/a> was bearish on the 1-day timeframe. This structural break came early in June (green), and a new swing low at $0.00000391 was registered.<\/p>\n

Since posting this low, BONK<\/a> has bounced by 27.88% in 9 days. At the time of writing, it was challenging a local supply zone at $0.000005.<\/p>\n

The RSI on the daily timeframe recovered above neutral 50, and the OBV seemed to be approaching the mid-June local high, just like the price. And yet, investors and swing traders must remember that the higher timeframe trend remained bearish.<\/p>\n

A price bounce all the way up to the 78.6% Fibonacci retracement level at $0.00000737 might be possible. The $0.0000061-$0.0000073 area is a place that could initiate the next impulse move to keep the swing bearish structure going.<\/p>\n

Traders\u2019 call to action \u2013 Cautiously bullish<\/h2>\n
\"BONK\"BONK<\/a>
Source: BONK\/USDT on TradingView<\/figcaption><\/figure>\n

The local resistance level at $0.000005 was momentarily breached, but BONK faced a slight setback in recent hours of trading. If this level is flipped to support, it could offer a short-term buying opportunity.<\/p>\n

The upward price targets would be $0.0000061-$0.0000073, in line with the higher timeframe structure.<\/p>\n

Traders should also keep an eye on Bitcoin<\/a> trends. A sell-off for the leading crypto could quickly extinguish the flicker of hope in recent days and send BONK prices sliding once again.<\/p>\n\n

Final Summary<\/h2>\n
    \n
  • BONK has made a sizeable price move in the last 24 hours, backed up by strong trading volume.<\/em><\/li>\n
  • Higher timeframe structure was bearish, but there is a chance the current bounce could extend by another 21%-46%.<\/em><\/li>\n<\/ul><\/div>\n

    \ud83d\udca1 Pro Tip:<\/strong> Bookmark our site for daily insights, market predictions, and expert trading strategies.<\/p>\n

    \ud83d\udd17 Explore More:<\/strong> Check our sections for in-depth guides, exchange reviews, and blockchain technology deep-dives.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

    \ud83d\udcf0 Exclusive Crypto News & Analysis: Stay ahead with the latest developments in the cryptocurrency and blockchain space. \ud83d\udcc8 Market Update: Real-time price movements, technical analysis, and trading signals. Bonk (BONK) has emerged as one of the memecoins beginning to make a strong case for itself over the weekend. As Bitcoin (BTC) inched closer to …<\/p>\n","protected":false},"author":1,"featured_media":2307,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[698,932,358],"class_list":["post-2306","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-analysis","tag-bonk","tag-crypto-news"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/posts\/2306","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2306"}],"version-history":[{"count":0,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/posts\/2306\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/media\/2307"}],"wp:attachment":[{"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2306"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2306"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2306"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}