BONK. Tired of watching this meme coin bleed and finally ready for a real bounce? After a long grind down, BONK just woke up with a sharp spike on the back of fresh interest in Solana memecoins, and according to the market chatter that rotation is not over yet. Price punched out of the base and volume picked up right where buyers previously disappeared - that’s usually not random.
On the 4H chart we’ve got a clear trend change: higher low, breakout, then a pullback into the first demand zone and high-volume node on the profile. RSI cooled from extreme overbought into the 60s, so the FOMO froth is getting rinsed out without killing the structure. I’m leaning to the long side, looking for a continuation push into the next red supply clusters above.
My base plan: as long as price holds the local support area around the recent breakout zone, I’m expecting a move toward the upper resistance block where the last heavy sell zone sits ✅. If that support fails and we close 4H candles back inside the old range, the setup flips and opens room for a slide back to the lower accumulation area. I might be wrong, but for now I’m stalking entries on dips, not chasing green candles.