Bonk focuses on 100% rally after the retesting of the neckline starts

Tl; Dr.

• Bonk Rett Rett Neckline -support after outbreak, near the resistance of the flag and the possible breakout zone.
• Open interest is falling from $ 73 million to $ 29 million, which shows that traders remain careful despite a bullish setup.
• Price is higher than 200 days on average, since RSI remains neutral and signals a balanced momentum on the graph.

Breakout again test at neckline level

Bonk (Bonk) acts in the vicinity of an important technical level after completing a reverse head and shoulder pattern on the daily graph. The neckline of the pattern, located around $ 0.00002, was broken earlier this month. Token now restores this level, which can act as support as buyers withdraw.

Analyst Jonathan Carter posted X:

“Pattern completion + neckline hold = 100% upward potential.”

#Bonk Hals test again – Bulls ready to bounce

The token is confronted with the broken neckline of the inverted head and shoulders in the daily period

Pattern completion + neckline Hold = 100% upward potential

Goal levels: $ 0.000024 → $ 0.000030 → $ 0.000037 → $ 0.000041 → …… pic.twitter.com/rmfgyweydq

– Jonathan Carter (@Johncycrypto) August 26, 2025

It pointed to upward goals at $ 0.000024, $ 0.000030, $ 0.000037, $ 0.000041 and $ 0.000052. Bonk cost $ 0.000021 at the time of writing. It has won 5% in the last 24 hours, but has fallen by 2% in the last seven days. Every day trading volume is more than $ 225 million.

After the breakout of the neckline, Bonk formed a bullish flag, a consolidation pattern that can lead to another movement that is higher when it is broken up. The token now tests the upper edge of that flag.

Bonk acts above the 200-day advancing average, which is a sign of long-term strength. The relative strength index (RSI) is neutral, which means that the current price is balanced in terms of supply and demand.

Derivatives market points to caution

While the graph has a bullish structure, wider market data reflect a lower activity. Open interest (OI) in Bonk Futures contracts is around $ 29 million, according to Coinglass, at a peak of $ 73 million in July. The fall in the OI suggests lower participation and reduced risk appetite for traders.

Analyst @altwolfcrypto commentary:

“Only bullish on recovery of 1d 200ema + .000022 $ … we are 50% + decrease in a heavy falling trend.”

He noted that the price should go beyond the key levels before a trend shift can be confirmed.

Institutional monitoring and what is the next step

Last month Bonk was added to the Grayscale tracking list. Although this does not indicate an investment, it places token on the radar of institutional traders.

For the time being, market participants are looking to see if Bonk contains the neckline level and breaks above the flag structure, which can lead to a new upward movement.