BONK Bottoming? Key Monthly Support May Trigger Bullish Reversal

BONK is currently trading in a manner that suggests a significant shift may be underway. After a prolonged downtrend, the monthly chart has printed a potential double bottom at a key support level. This classic bottoming pattern could be the foundation for a bullish reversal if the structure holds and confirms a bullish retest in the coming sessions.

Key Points Covered in This Article:

BONK has formed a double bottom on the monthly timeframe
A bullish retest above support would confirm a higher low
Potential for a rotation back toward February’s highs if structure holds

Price action is currently hovering above the double bottom support zone, which has been respected twice, forming a strong base. If this level continues to hold and a bullish retest confirms, this would indicate a new higher low — a bullish market structure shift after a lengthy corrective phase.


Structurally, BONK appears to be trading within a defined range, and the recent lows may mark the bottom of that range. A move above the February 25 high would validate the range structure and open up the pathway for a sustained rally, potentially targeting higher resistance levels on the weekly and monthly timeframes.


However, volume and momentum confirmation will be key. A breakout without strong volume could risk a deviation and trap traders. On the other hand, a clean retest and follow-through could offer an optimal long setup for those seeking exposure to the next leg up in BONK’s price action.

What to Expect in the Coming Price Action

Traders should watch for price to hold above the double bottom zone and look for confirmation via a bullish retest. If successful, BONK may begin a rotation toward the February highs and beyond, presenting a potentially strong mid-term trading opportunity.