Once a standout performer during periods of heightened risk-on sentiment, the token has declined roughly 15% over the past week and is now trading near 0.000006, an area that last acted as a meaningful support zone in late 2023. The broader structure reflects prolonged distribution, with rallies failing to sustain and momentum gradually fading.

At the same time, price is now approaching a level where reactions have historically emerged, making the current zone technically relevant despite the prevailing weakness.

BONK technical analysis

BONKUSD - 1 Day Time Frame

From a technical perspective, 0.000006 is acting as immediate support, marking a level where selling pressure has slowed and price is attempting to stabilize. This zone aligns with prior demand from late 2023 and represents the lower boundary of the current range.

On the upside, the first area to watch sits around 0.0000075, where a clear support-resistance (S/R) zone is located. While this level is currently acting as resistance, it previously functioned as support during late 2025 and January 2026, increasing its technical significance. A move into this zone would likely test whether buyers are willing to absorb remaining supply.

Above that, 0.000010 stands out as a broader resistance level. Although it is currently overhead supply, it was briefly respected as minor support earlier this year, suggesting lingering liquidity interest around that price.

However, as long as BONK remains below these levels, the broader trend continues to favor consolidation or further weakness rather than immediate trend reversal.

BONK price target

In a constructive scenario, a sustained hold above 0.000006 could allow BONK to form a short-term base. If overall market conditions improve and speculative demand returns, price could attempt a recovery toward 0.0000075, with a successful reclaim opening the door for a move toward 0.000010. Such a move would likely require broader market participation rather than isolated token-specific momentum.

On the downside, failure to hold the 0.000006 support would weaken the current structure significantly. A clean break below this level could expose BONK to deeper downside, with price potentially drifting toward lower historical demand zones not revisited since 2023, reflecting continued loss of market interest.

Overall, BONK remains technically fragile, trading at a critical inflection point where stabilization is possible, but confirmation of a meaningful recovery would require clear acceptance above key resistance levels and a shift in broader market sentiment.