BONK Implodes… Or Does It? Crypto’s Favorite Meme Token Might Break the Internet Again

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TL;DR (Too Lazy, Didn’t Research? Same.)

  • BONK’s flirting with $0.000025, perfecting that cup-and-handle model like a barista with issues ☕ — could mean a 100% jump, or just a fancy chart doodle.
  • Apparently, what used to be resistance is now support, but when has crypto ever respected boundaries?
  • Grayscale’s peeping BONK, so institutions might show up the second you sell your bags (obviously).

BONK Balances on the Edge Like Me in 5th-Grade Gym Class

Bonk (BONK) is now trading lower than my self-esteem after reading internet comments, at just below $0.000026. Down 8% in a day, 27% in a week. Volumes? $570 million. That’s a lot of people panic-selling and/or YOLOing in the same breath. Everyone’s staring at this cartoonishly important support; apparently, what happens here could shape BONK’s next personality arc.

Enter analyst Jonathan Carter, possibly live-streaming from his mom’s basement. He’s declaring a cup-and-handle — seriously, a chart pattern that sounds more like brunch — and thinks if BONK holds $0.000025, it could, in his words, “result in 100% upside.” Bold. Relatable.

“Pattern completion combined with a neckline hold could result in 100% upside.”

The guy’s betting on targets $0.000035, $0.000037, $0.000041, and $0.000052. That’s a lot of zeros and optimism. Also, trading volume spiked, which actually means people noticed what’s happening. Aw, BONK’s growing up so fast.

#BONK Neckline Retest – Bulls Ready to Bounce 🩰

Cup and handle at $0.000025, living its best life.

Pattern completion + neckline hold = 100% upside (math, but make it ✨crypto✨)

Targets: $0.000035 → $0.000037 → $0.000041 → $0.000052

Kinda hoping this setup doubles… not just my anxiety.

— Jonathan Carter (@JohncyCrypto) August 1, 2025

The Relative Strength Index (RSI) is chilling out now, so if the “buy” button gets any more love, BONK could moon again. Or not.

Support, Resistance, and General Commitment Issues

Analyst BATMAN (not even joking, that’s his name, where’s Robin?) pointed out BONK is inching toward an old resistance area. Now, apparently, it’s support — because charts are fickle that way. The zone? Between $0.000025 and $0.000026. He claims:

“If it dips a bit lower into that blue box, that’s the spot I’d be looking to buy.”

Translation: If BONK doesn’t trip over this threshold, the bull case is alive. If it bails, you might want to start crocheting instead of day trading.

Big Suits Are Now Watching, So Try to Act Cool

BONK just made it onto Grayscale’s institutional tracking list, which, to be clear, is not a marriage proposal. But hey, institutions are watching, so now you have to pretend you always knew what you were doing.

Bottom line: Either BONK holds this support and rockets cartoonishly upward, or it becomes another chart you hide from friends at parties. Place your bets, and pass the popcorn. 🍿

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2025-08-02 15:06