{"id":91779,"date":"2025-08-27T16:31:38","date_gmt":"2025-08-27T16:31:38","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=91779"},"modified":"2025-08-27T16:31:38","modified_gmt":"2025-08-27T16:31:38","slug":"bonk-targets-100-rally-after-neckline-retest-begins","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=91779","title":{"rendered":"BONK Targets 100% Rally After Neckline Retest Begins"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

BONK retests neckline support after breakout, holding near flag resistance and possible breakout zone.
\nOpen Interest drops from $73M to $29M, showing traders remain cautious despite a bullish setup.
\nPrice trades above 200-day average as RSI stays neutral, signaling balanced momentum on the chart.<\/p>\n

Breakout Retest at Neckline Level<\/h2>\n

Bonk (BONK) is trading near a key technical level after completing an inverse head and shoulders pattern on the daily chart. The neckline of the pattern, located around $0.00002, was broken earlier this month. The token is now retesting this level, which may act as support if buyers step in.<\/p>\n

Analyst Jonathan Carter posted on X:<\/p>\n

\u201cPattern completion + neckline hold = 100% upside potential.\u201d<\/p>\n

#BONK<\/a> Neckline Retest \u2013 Bulls Ready to Bounce<\/p>\n

The token is facing the broken neckline of the inverse head & shoulders on the daily timeframe<\/p>\n

Pattern completion + neckline hold = 100% upside potential<\/p>\n

Target levels: $0.000024 \u2192 $0.000030 \u2192 $0.000037 \u2192 $0.000041 \u2192\u2026 pic.twitter.com\/rMFGyweYdQ<\/a><\/p>\n

\u2014 Jonathan Carter (@JohncyCrypto) August 26, 2025<\/a><\/p>\n\n

He pointed to upside targets at $0.000024, $0.000030, $0.000037, $0.000041, and $0.000052. BONK was priced at $0.000021 at the time of writing. It has gained 5% in the last 24 hours but is down 2% over the past seven days. Daily trading volume stands at over $225 million.<\/p>\n

After the neckline breakout<\/a>, BONK formed a bullish flag, a consolidation pattern that can lead to another move higher if broken to the upside. The token is now testing the upper edge of that flag.<\/p>\n

BONK is trading above the 200-day moving average, which is a sign of long-term strength. The Relative Strength Index (RSI) is neutral, which means the current price is balanced in terms of demand and supply.<\/p>\n

Derivatives Market Points to Caution<\/h2>\n

While the chart shows a bullish structure, broader market data reflects lower activity. Open Interest (OI) in BONK futures contracts is around $29 million, according to CoinGlass, down from a peak of $73 million in July. The decline in OI suggests lower participation and reduced risk appetite among traders.<\/p>\n

<\/a>Source: Coinglass<\/p>\n

Analyst @AltwolfCrypto commented<\/a>:<\/p>\n

\u201cBullish only on reclaim of 1D 200EMA + .000022$\u2026 We\u2019re down 50%+ in a heavy downtrend.\u201d<\/p>\n

He noted that the price needs to move above key levels before a shift in trend can be confirmed.<\/p>\n

Institutional Monitoring and What\u2019s Next<\/h2>\n

Last month, BONK was added<\/a> to Grayscale\u2019s tracking list. While this does not signal investment, it puts the token on the radar of institutional traders.<\/p>\n

For now, market participants are watching to see whether BONK holds the neckline level and breaks above the flag structure, which could lead to a new upward move.<\/p>\n

The post BONK Targets 100% Rally After Neckline Retest Begins<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR BONK retests neckline support after breakout, holding near flag resistance and possible breakout zone. Open Interest drops from $73M to $29M, showing traders remain cautious despite a bullish setup. Price trades above 200-day average as RSI stays neutral, signaling balanced momentum on the chart. Breakout Retest at Neckline Level Bonk (BONK) is trading near […]<\/p>\n","protected":false},"author":0,"featured_media":91780,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-91779","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/91779"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=91779"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/91779\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/91780"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=91779"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=91779"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=91779"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}