Bonk (BONK) Price Prediction: Re-testing the resistance area, $1.9 million worth of tokens exit the exchange.

Bonk (BONK) meme coin continues its pump, today (14th) in the Asian morning session it reported 0.00002671 USD, with a monthly cumulative increase approaching 80%, outperforming mainstream tokens like Bitcoin (BTC) and DOGE. Analysis states that BONK has retested the resistance area, and on-chain, a value of 1.9 million USD in tokens was found exiting the exchange.

Why is the BONK price pumping?

The significant price surge may be driven by a recent shift in overall market sentiment, the breakout of the downtrend line, and most importantly, the explosive growth of the Bonk. fun launchpad.

According to DeFiLlama, in the past week, the platform had over $1 million in transaction fees for six consecutive days, peaking at $1.27 million on July 11. In just seven days, the platform generated a total revenue of $7.93 million.

According to cryptocurrency experts, 58% of these costs are used to repurchase BONK, thereby injecting stable demand, while many traders have yet to factor in this structural tailwind.

Just a few days ago, Bonk.fun has surpassed Pumpfun in daily revenue, issuance, and Solana-based Token deployment.

At that time, Bonk.fun accounted for 61% of the total revenue of the 24-hour Launchpad, clearly solidifying its leading position.

This strong growth has pushed meme coins to critical levels with a history of price reversals, raising concerns about a potential price drop.

BONK cautiously retests the resistance area

The significant pump in BONK's price has even surpassed major cryptocurrencies like Bitcoin and DOGE. Naturally, the surge in momentum has brought BONK back to familiar territory—the resistance level of $0.00002626.

In April 2025, BONK was also in the same area, when it broke through the downtrend line and subsequently surged significantly, but soon after, it experienced a reversal.

This time, BONK has once again broken through a similar descending trend line, reaching the same level, which raises a question: will history repeat itself, or will it break through this key resistance level?

According to AMBCrypto, given the current market sentiment, if the current momentum continues and the overall structure remains unchanged, the price of BONK could easily break through this resistance level.

If this happens, the price is likely to soar by 37%, reaching a level of 0.0000364 USD. On the other hand, if it fails to break through, history may repeat itself, and the price may drop again.

As of the time of publication, the trading price of BONK is above the 200-day Exponential Moving Average (EMA), indicating that the asset is in an upward trend.

At the same time, the Relative Strength Index (RSI) is at 70, indicating that the asset has entered the overbought territory. If buying momentum weakens, it may lead to a short-term price pullback.

(Source: Trading View)

Token worth 1.9 million USD exits the exchange

Despite being in an overbought area, investors and long-term holders seem to still be accumulating meme coins.

Coinglass data shows that as of the time of writing, exchanges in the cryptocurrency space have recorded over $1.88 million worth of BONK outflows, indicating potential accumulation.

(Source: Coinglass)

The outflow of funds from the exchange indicates that the buying pressure from investors and long-term holders remains strong, which seems to be a bullish signal for BONK holders.