Is BONK poised for a recovery? Key levels to monitor are…

- OKX merchants have been going lengthy on BONK as they opened purchase contracts, a sentiment widespread throughout the market.
- A serious rally may happen on BONK if the bullish sentiment persists; nonetheless, bearish indications stay.
Prior to now 24 hours, the bullish sentiment on Bonk [BONK] has change into extra evident, with a 7.37% rally bringing its worth to $0.00001851.
This rally comes after a collection of market downturns, with a 28.79% loss up to now week and 46.55% within the final month.
Evaluation, nonetheless, reveals that the present bullish wave may doubtlessly wipe out all losses recorded available in the market over the previous month, permitting BONK to regain its stance.
OKX and market merchants flip bearish
There was a surge in shopping for curiosity amongst by-product merchants, with OKX merchants main the shopping for exercise.
The Lengthy/Brief Ratio, a metric assessing lengthy contracts (consumers) versus quick contracts (sellers), has crossed above 1. When this ratio is above 1, it suggests there are extra consumers than sellers available in the market.
Coinglass’ Lengthy/Brief Ratio on accounts reveals OKX merchants are extra bullish, with a studying of 1.91. The general bullish market ratio is at 1.0396.
The Open Curiosity Weighted Funding Charge, combining Funding Charge and Open Curiosity, has turned optimistic at 0.0051% after a chronic bearish interval.
This means that lengthy contracts now maintain better worth alongside a better variety of lengthy merchants.


Supply: Coinglass
AMBCrypto’s evaluation reveals {that a} main market rally is on the horizon for BONK.
A bullish formation surfaces
Evaluation of BONK on the chart reveals a bullish formation. On the time of writing, the asset was buying and selling inside a descending worth channel, with the worth oscillating forwards and backwards inside outlined channels, trending downward.
The channel now coincides with two main assist ranges at $0.00001862 and $0.00001582. If the present assist degree at $0.00001862 holds, BONK would have recorded roughly a 192% acquire, reaching $0.00005444.


Supply: TradingView
Ought to the sentiment change and BONK see a drop, it’s going to return to the decrease assist degree at 0.00001582, which ought to catalyze a rebound. If not, its worth may drop additional.
Will the drop proceed?
The Transferring Common Convergence Divergence (MACD) and the Relative Energy Index (RSI) have each proven a bearish sign however with a possible rally shut.
MACD, which makes use of long-term and short-term transferring averages to find out market motion, reveals that the market continues to be in a bearish mode, as each the blue MACD line and the sign line development downward within the unfavorable area.
This means that BONK may fall decrease, doubtlessly to the decrease assist degree at 0.00001582.


Supply: TradingView
Learn Bonk’s [BONK] Worth Prediction 2025-26
However, the RSI had crossed into the oversold area beneath 30 with its present studying of 29.55, suggesting that vendor exhaustion has begun, and a bounce-back is more likely to happen quickly.