
One of the most renowned Solana-based meme tokens, BONK, also gained a lot of popularity due to its violent rallies and crashes. By trading with the steadfast USDT, its price action is volatile, and therefore, technical analysis (TA) plays a very important role in availing opportunities that traders can seize. In this analysis, the main charts, indicators, and price patterns of the BONK price are considered, as well as the search for the support/resistance levels, the trend, and the momentum indicators of the strong side. However, it is not always true that a current performance correlates with a future one, but these technical dynamics can assist a market participant to gauge the inherent risk and make better premeditated short- to medium-term trading decisions in this volatile commodity.
BONK Price Analysis of July 13, 2025
Bonk price action on July 13, 2025, was characterized by repeated attempts to sustain upward momentum, with the day’s high marked at $0.00002648 at 00:15 IST during an upward-moving channel. RSI signaled overbought conditions at the peak, prompting a series of bearish MACD crossovers and downside breakouts. Despite forming multiple channels and ranges, follow-through on both bullish and bearish moves was often limited. Brief recoveries were met with exhaustion, and RSI oscillated between overbought and oversold zones throughout the day. After hitting a low near $0.00002450, Bonk attempted a recovery with an upside breakout from an expanding triangle pattern.
Chart 1: BONK/USDT M5 Chart, Analysed by vallijat007, published on TradingView, July 13, 2025
Bonk price formed an upward-moving channel, which marked the high for the day at $0.00002648 at 00:15 IST. RSI was above the level of 70, indicating overbought market conditions, suggesting a reversal or at least a pullback. The upward-moving channel broke out at 01:40 IST, supported by a death crossover of the MACD. Price spiked to the downside and formed another upward-moving channel.
The channel again broke out to the downside at 03:30 IST, supported by a death crossover of the MACD. Price spiked to the downside, and a minor range developed. The range again broke out to the downside at 04:15 IST, supported by a death crossover of the MACD. The BONK price formed a strong bearish Marubozu candle, but it did not have follow-through, suggesting exhaustion in the move.
Consecutive Range Breakdowns at 04:00 & 06:20 IST
Price formed another moving channel with very little angle. The channel broke out to the upside at 06:30 IST, supported by a golden crossover of MACD. Price spiked to the upside, and a minor range followed. The minor range broke out to the upside at 07:15 IST, supported by a golden crossover of MACD, but the momentum of the breakout was weak, and the price dropped to the downside at 07:20 IST. RSI was above the level of 70, indicating overbought market conditions, suggesting a reversal or at least a pullback.
Price formed a range. The range broke out to the downside at 09:30 IST, supported by a death crossover of the MACD. Price spiked to the downside, and another range developed. The range broke out to the downside at 11:50 IST, supported by a death crossover of the MACD. Price spiked to the downside, pushing RSI below the level of 30, indicating oversold market conditions, suggesting a reversal or at least a pullback.
Price formed an upward-moving channel, which broke out to the downside at 13:20 IST, supported by a death crossover of MACD. Price spiked to the downside, and an expanding triangle pattern formed. The expanding triangle pattern broke out to the upside at 14:30 IST, supported by a golden crossover of the MACD. If the breakout succeeds, then the price may rise to the level of $0.00002700. If the breakout fails, then the price may drop to the level of $0.00002100.
Bonk Struggles for Direction After Volatile Swings Between $0.00002100 and $0.00002648
With highs of $0.00002648 and lows around $0.00002100, bonk price action showed definite indecision. Although the growing triangle breakout at 14:30 IST provided some bullish upside, previous unsuccessful breakouts and poor momentum suggest caution. Extreme RSI cycles point to increased volatility without consistent trend strength. Should Bonk pricing stay above the breakout region, a push toward $0.00002700 might occur. Failure to hold gains, however, could create a route back to the $0.00002100 support. Before committing to directional trades, traders should wait for confirmation with volume and trend indicators as the market stays brittle.