- •BONK’s TD Sequential flashed a buy signal after marking the last local top, but confirmation is essential.
- •HolderStat sees BONK forming lower highs inside a descending channel, with 1.88e-5 acting as a key support.
- •BONK trades with $257M daily volume and a $1.56B market cap, reflecting liquidity but short-term volatility.
BONK’s recent trading action has drawn attention from multiple analysts, with Ali highlighting a TD Sequential buy setup while HolderStat underscores a descending channel structure. Both views point to crucial technical levels that could define the token’s next move.
TD Sequential Buy Signal Draws Interest
Ali (@ali_charts) noted that BONK has triggered a TD Sequential buy setup following an extended bearish phase. This indicator previously flagged the market top, and now it signals potential exhaustion on the downside. The daily chart shows compressed candles and long wicks, suggesting buyer activity near recent lows.
The setup gains relevance because it forms above an area where buyers stepped in during prior sessions. Long lower wicks on multiple candles show sellers meeting resistance, with demand absorbing downward pressure. When paired with the Sequential, the technical picture presents the possibility of a near‑term bounce.
Still, the buy signal requires validation. Traders will monitor whether volume expands on any upward push, as weak rallies may stall. A strong daily close above immediate short‑term highs would provide stronger evidence that buyers are regaining control.
HolderStat Notes Descending Channel Formation
HolderStat offered a different perspective, pointing out BONK’s price movement within a descending channel. The analyst identified a drop from 1.96e-5 to 1.88e-5, with the latter level serving as immediate support. This structure reflects lower highs and ongoing seller dominance.
In this view, buyers need to reclaim higher levels before a sustained rebound can be considered. A breakout above the channel, paired with a move past the 1.96e-5 region, would represent the first clear shift in momentum. Without it, the structure favors sellers.
The descending channel shows how each rally attempt has been met with renewed selling. Until a breakout occurs, pressure may continue to weigh on the token, even as short‑term bounces emerge.
Market Structure and Scenarios Ahead
At the time of writing, BONK is trading at $0.00001921 with a 1.56 billion market value. The trading volume has exploded by 51 % in just a day to reach 257.8 million. This upsurge raises the Vol/Cap ratio to 16.5, which reflects an active involvement and increase in volatility.
Supply also plays a role. The circulating supply of BONK is over 81.35 trillion and the total supply is 87.99 trillion. The presence of a large token base may amplify price fluctuations especially when driven by liquidity. This environment favors disciplined positioning and close monitoring of order‑book depth.
Two near‑term scenarios stand out. In one, buyers defend 1.88e-5 and force a breakout above 1.96e-5, creating space for further upside. In the other, sellers push below 1.88e-5, opening the path for additional downside pressure. Until either scenario confirms, BONK remains range‑bound with both buyers and sellers actively contesting direction.