LiputanMu.ID – BONK, the second-largest meme coin in the Solana (SOL) blockchain ecosystem, is showing bullish signals with its latest chart patterns suggesting a potential trend reversal.
However, low trading volume in the derivatives market raises concerns about possible short-term price consolidation.
As of December 11, BONK’s price dropped nearly 4.5% in the last 24 hours to $0.00003566, with trading volume plunging 40%, according to CoinMarketCap. This decline aligns with the broader crypto market downturn.
Despite this, BONK has delivered an outstanding performance in 2024, surging over 200% since the beginning of the year. As the year closes, further upside potential is emerging in the coming weeks.
Double-Bottom Pattern Signals Bullish Momentum
BONK has formed a double-bottom pattern on the daily chart—a classic indicator of a trend reversal from bearish to bullish.
On November 20, BONK reached its all-time high (ATH) at $0.0000623, marking the peak of the double-bottom formation.
After a decline forming the first bottom, the price is now retesting resistance at $0.000046, which also serves as the neckline of this pattern.
👉 Learn why BONK could break its ATH in 2025
If BONK successfully breaks this resistance level, a stronger rally could follow, potentially surpassing its previous ATH.
Conversely, failure to break resistance and a drop below the $0.000040 support level may invalidate the bullish trend, leading to further price correction.
Technical indicators support upward momentum:
- Money Flow Index (MFI) indicates strong buying pressure at 67, still far from overbought territory.
- BBTrend confirms buyer dominance, though momentum appears slightly weakening.
Derivatives Trading Volume Remains Weak
BONK's derivatives trading volume has declined over the past two weeks, per Coinglass data. After peaking in mid-November during its ATH rally, volume has sharply decreased.
Open interest dropped from $64 million** to **$26 million in three weeks, reflecting reduced market participation.
Without renewed speculative activity, BONK’s price may remain stuck in consolidation.
BONK’s Outlook for 2025
In November, BONK briefly surpassed dogwifhat (WIF) to become Solana’s top meme coin.
However, WIF reclaimed the top spot with a $3.68 billion** market cap, compared to BONK’s **$3.34 billion.
If BONK breaks the $0.000046 resistance and confirms the double-bottom pattern, sustained bullish momentum in 2025 could push its market cap higher.
👉 Discover how BONK could outperform WIF next year
This scenario opens the possibility for BONK to reclaim the top position and set a new ATH.
Success hinges on market sentiment, investor activity, and macroeconomic conditions in the crypto sector throughout the coming year.
FAQ: BONK Price Prediction 2025
1. Will BONK reach $0.0001 in 2025?
Yes, if bullish momentum continues and market conditions favor meme coins, BONK could break past its previous ATH and target $0.0001.
2. What factors could drive BONK’s price up?
Key drivers include:
- Increased adoption in Solana’s DeFi ecosystem
- Rising speculative interest in meme coins
- Positive macroeconomic trends for crypto
3. Is BONK a good long-term investment?
While meme coins are highly volatile, BONK’s strong community and Solana’s growth make it a speculative yet high-potential asset for traders.
4. How does BONK compare to Dogecoin and Shiba Inu?
BONK leverages Solana’s faster transactions, whereas Dogecoin and Shiba Inu operate on Ethereum/Shibarium. Its growth depends on Solana’s ecosystem expansion.
5. Could BONK drop below $0.00001 in 2025?
A severe market downturn or loss of investor confidence could push BONK lower, but strong support at $0.00003 reduces near-term downside risk.
By analyzing technical patterns, market sentiment, and derivatives activity, BONK’s 2025 trajectory could see record-breaking highs—if bullish conditions prevail. Stay updated on Solana’s ecosystem developments for the latest insights.