Are you looking to invest in BONK and are wondering whether it’s memecoin season already? Then don’t worry, we have got you covered. Let’s study the latest BONK price action and find out where the latest BONK trends are going to take the price in the coming days. Memecoins have not been doing very well recently. BONK has been no exception, recording a dismal first quarter in 2025.
Since its January high, BONK has posted a 52% loss in value so far. Given that, investors are also hoping for memecoins to receive another hype-driven push in the coming times. Given that, let’s jump straight to the BONK price action in the last 24 hours and discern any ongoing BONK trends that will affect price movements in the coming days.
BONK Price Analysis for May 3, 2025
The trading session commenced yesterday with the BONK price at $0.00001882. The EMAs on the MACD seemed to be working together as a trading range formed. This narrow consolidation phase lasted till 3:30 UTC, with the price failing to go above $0.00001884. At 3:55 UTC, a death cross emerged on the MACD, and BONK formed a modest downtrend to $0.00001810 by 8:00 UTC. Slight reversals were seen on the way, but none could make a mark. With the BONK coin now almost oversold, a steep uptrend formed, but could only take the BONK price up to $0.00001869.
Chart 1: analyzed by raodevansh18, published on TradingView, May 3, 2025
The EMAs continued to interact rapidly, as no trend formed until the afternoon. The price fluctuated, going to $0.00001842, then recovering to $0.00001871 by noon. At noon, a considerable death cross formed on the MACD, leading the price to $0.00001830. At this point, strong bullish pressure started building, pushing the price up to $0.00001881 at first. Some reversal was seen, but by 16:45 UTC, BONK reached $0.00001918. Strong rejection at that level was observed.
A strong downtrend formed, pulling the price down to $0.00001824 by 19:50 UTC. An uptrend to $0.000001874 ensued, but was met with a correction to $0.00001837, thanks to the 21:40 death cross. At 22:40 UTC, a golden cross emerged on the MACD, pushing the BONK price up to $0.00001871 by midnight.
BONK Abandons $0.00001815 Support, Bears Continue to Work
The uptrend from the previous day led the BONK price up to $0.00001883. However, this uptrend ended with a wide death cross forming within the first hour of trading. This wide death cross led the price to spike down to $0.00001811. The RSI indicated oversold conditions at this point. Investors expected a hefty reversal, but the bearish BONK trend led to the formation of a trading range with the support level as the lower boundary.
It attempted to climb at first, but soon the resistance trend line was seen dropping, forming a bearish triangle. The bearish triangle indicated a deeper downturn, and it occurred just before 6:00 UTC, as BONK coin slumped to $0.00001781. A consolidatory phase was observed, but BONK has since continued to bleed, with the latest price now standing at $0.00001719.
Indicators Reveal Further Bearish Outlook, Bottom May Be Near
The MACD indicator has been painting a bearish outlook in the last 24 hours, with the 12-day EMA working below the 26-day EMA for most of the last 24 hours. Also, death crosses have led to strong downtrends. The RSI, however, has gone heavily oversold, which means that the price may soon form a bottom. If that does happen, a vigorous reversal may follow.
BONK (BONK) Price Analysis for May 7, 2025
The BONK price has been trading between the $0.00001600-$0.00001760 range as of now. Strong rejection has been seen at $0.00001765. The BONK price stood at $0.00001680 as the session commenced. The strong bearish trend from the previous day led BONK down to $0.00001668 by 00:40 UTC. However, a short golden cross formed, and the price quickly recovered to $0.1720. A death cross of similar magnitude formed soon, and the price slumped to $0.00001660 by 2:30 UTC. Strong bullish pressure was observed from this point as the price sharply ascended to $0.00001743 by 3:40 UTC. A trading range formed as the bears tried to pull the price back down.
BONK/USDT M-5 Chart, analyzed by raodevansh18, published on TradingView, May 7, 2025
This consolidation lasted till 6;30 UTC. An upward BONK breakout followed, and the price went up to $0.00001765. The $0.00001765 level rejected the upward BONK trend strongly, and a potent downward trend ensued with the 7:10 death cross on the MACD. The price fell quickly to $0.00001680 at first. The BONK price staged a short reversal, but the overall bearish trend continued. Similar brief reversals were seen song the way down, but BONK could not sustain any of them despite oversold conditions indicated by the RSI. The price fell to $0.00001605 by 13:30 UTC.
BONK Stages a Massive Late Uptrend
The RSI was oversold again at this point, catalysing a strong reversal. The bullish BONK trend commenced with the 13:55 golden cross, but found a strong ceiling at $0.00001655. A trading range ensued as a range-bound fluctuation followed till 18:00 UTC. At 18:05 UTC, an upward trend ensued, leading the price beyond the temporary resistance to $0.00001675. But the death cross at 19:50 UTC confirmed a stronger downturn to $0.00001587. With the coin oversold again by 21:00 UTC, a strong bullish trend was ignited. BONK climbed rapidly at first, going to $0.00001695 by 22:25 UTC. Some fluctuations occurred at this point, but BONK was able to form a stable uptrend from here. The price went up to $0.00001698 by midnight.
$0.00001765 Resistance Continues to Elude BONK
The bullish BONK trend from the previous day continued, and BONK reached $0.00001753 by 1:45 UTC. With the RSI continuously working close to the overbought levels, a downturn was due. The downturn arrived with the 1:50 death cross and led the price down to $0.00001685 by 3:00 UTC. Some reversal was seen, but the bears worked to pull the price further down to $0.00001667 by 6:45 UTC. The price attempted to climb again at that point, but was rejected at $0.00001730. Since then, the BONK price has been receding, currently standing at $0.00001691.
Bearish Pressure Looms on BONK
As of now, the MACD features a death cross and the RSI is also working under the midline, suggesting considerable bearish pressure. Thai is bad news for BONK, especially because it has failed to find support close to the $0.00001765 resistance despite the fantastic uptrend late yesterday. With both the indicators flashing red, the price seems poised to even go below the temporary base established at $0.00001667. If that does happen, chances of a support retest will get much better.
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