BONK’s Gone Barmy!

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So, you want to know about BONK? 🤔 Well, buckle up, folks! 🚀

  • BONK’s broken free from its descending trendline shackles and is currently retesting support, holding on to its gains above $0.000034 like a drowning man clinging to a piece of driftwood. 🌟
  • Next stop: the dizzying heights of $0.00004676–$0.00005876! 🚀 Or, you know, it could all come crashing down. 😅

Bonk (BONK) has risen to $0.000039, its highest level in months. Because who needs a social life when you can spend your time staring at price charts? 🤓 The price is up 24% in the past 24 hours and over 75% since this time last week. Daily trading volume has crossed $3 billion, which is just a fancy way of saying “people are losing their minds”. 🤯

It all started when BONK broke free from its long-term descending trendline and horizontal resistance near $0.00003. Because who needs resistance when you’ve got a cryptocurrency that’s just begging to be speculated on? 🤑 The breakout structure remains intact after a successful retest of support, with price now pressing toward the next area of supply around $0.000037. Or, in layman’s terms, “it’s going up, but it might go down, but probably not, maybe”. 🤔

Crypto analyst Professor Moriarty (no relation to the infamous Sherlock Holmes villain, we assume) noted the chart shift earlier in the week. Because who doesn’t love a good chart? 📊

“After several attempts, it finally broke through resistance and held above it,” he posted, no doubt while stroking his cat and cackling maniacally. 🐈

$BONK is up 49% since my last post

After several attempts, it finally broke through resistance and held above it

Now it’s facing the next key zone. If it keeps the bullish momentum and breaks it with confidence, the road to new highs will be wide open 🚀

— Professor Moriarty (@Moriarty_web3) July 16, 2025

BONK is now approaching a price zone that previously capped upside in late 2024. Because who needs a functioning memory when you’ve got a cryptocurrency that’s just begging to be speculated on? 🙄 While clearing this region in volume, the subsequent targets to monitor are at $0.00004676 and $0.00005876. These levels converge with previous swing highs and may act as short-term objectives should the current trend persist. Or, you know, not. 🤷‍♂️

BONK’s breakout comes as broader crypto sentiment improves. Because who doesn’t love a good sentiment? 🤗 Open interest is rising across major exchanges, and risk appetite has returned to the meme coin sector. Because who needs actual value when you’ve got a funny picture of a dog? 🐕

Notably, the token was recently added to Grayscale’s institutional tracking list, which some market watchers see as a step toward broader legitimacy. Because who needs actual legitimacy when you’ve got a fancy list? 📝

For now, BONK trades just below a key resistance band. A near break above 0.000037 would be a sign of continuation. A failure to clear this area may deliver a short-term consolidation or test of support at around the $0.000029 level. Or, you know, it could just do whatever it wants because it’s a cryptocurrency and nobody really knows what’s going on. 🤪

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2025-07-17 08:28