Bonk at critical level after 28% weekly decrease

Tl; Dr.

• Bonk Hertest $ 0.000025 neckline with cup and handle pattern, which suggests a possible 100% upward rally.
• Analysts emphasize earlier resistance that runs support, because traders are waiting for a jump or further disadvantage.
• Grayscale tracking wraps institutional interest because Bonk has almost critical support in the midst of heavy trade.

Bonk shaky for potential outbreak

Bonk (Bonk) acts less than $ 0.000026 after falling 8% in the last 24 hours and 27% in the past week. Trade volume reached $ 570 million in the same period. The attention of the market is on an important support zone that can determine the next step.

Crypto analyst Jonathan Carter said that Bonk again tests his neckline at $ 0.000025 and forms what he identified as a cup and handle pattern, which is often seen during bullish continuation phases.

Carter said,

“Pattern completion in combination with a neckline hold can result in a 100% advantage.”

His price targets are $ 0.000035, $ 0.000037, $ 0.000041 and $ 0.000052. He noted that the trade volume on the right side of the pattern increased, which can confirm the market interest during a possible outbreak.

#Bonk Hals test again – Bulls ready to bounce

Cup and fencing pattern that is flawlessly performed near the $ 0.000025 support zone

Pattern completion + neckline Hold = 100% top

Target levels: $ 0.000035 → $ 0.000037 → $ 0.000041 → $ 0.000052

This is the setup that doubles … pic.twitter.com/lb98rwsjdz

– Jonathan Carter (@Johncycrypto) August 1, 2025

Interestingly, technical lectures demonstrate that the Relative Strength Index (RSI) has cooled from earlier highlights, so there is room for a new upward movement such as buying returns.

Buyers see earlier resistance as support

Analyst Batman shared The recent pullback from Bonk is approaching an earlier resistance area, now a potential support zone between $ 0.000025 and $ 0.000026.

“If it drops a little lower in that blue box, it is the place I want to buy,” he said.

The bullish setup can keep a recovery of this zone intact. However, a break under the area would suggest that the power of the short term fades.

Institutional tracking adds interest

Last month was Bonk added To the Institutional Tracking List from Grayscale. Although this does not confirm investments, traders see it as a step that can bring a wider visibility of the market.

Market participants are now aimed at whether Bonk can keep his neckline support and can activate the next part of the cup and handle pattern or if the decline continues in the short term.