After a sharp 29% pullback this month, Bonk appears to be entering a crucial turning point. Despite the market-wide correction, Solana’s leading meme coin is holding firm above key support levels, signaling that accumulation may already be underway ahead of its next potential breakout.
According to CoinMarketCap, Bonk is trading slightly lower across short-term time frames, down 3% on the day and nearly 8% on the week. This recent weakness follows a sweeping market reset that triggered a major liquidation cascade roughly two weeks ago. Still, Bonk’s resilience stands out.
Community sentiment captured on X by fomo highlights Bonk’s role in Solana’s historic recoveries, showing why traders are watching key support and accumulation zones.
Each prior cycle has seen Bonk rebound from $600–$700 million market-cap levels, rallying to $2 billion and later $3 billion before retracing again.
This historical pattern suggests that Bonk’s sharp corrections often precede major accumulation phases, which may be happening once more.
Source – Cryptonews YouTube Channel
Bonk (BONK) Price Analysis
Eliz’s latest chart on X shows that Bonk is at a key point where momentum could soon shift. The market structure indicates that Bonk is stabilizing after recent volatility while holding above its long-term trendline.
This line has supported Bonk’s recovery throughout the year, and price action around it will decide if the token can continue moving upward.
While Eliz’s chart highlights resistance around $0.000015, Bonk is currently trading slightly below that level near $0.000013. This suggests the token remains in a consolidation phase, with buyers attempting to regain control as momentum builds beneath resistance.
The $0.000015 area still acts as a critical breakout zone, while the $0.0000112 region remains the main structural support where buyers have consistently stepped in to defend the trend.
As long as Bonk stays above this support, its long-term outlook remains positive. Eliz notes that Bonk appears to be in an accumulation phase, with traders watching closely for a potential breakout.
If buying pressure increases near support and volume expands above resistance, Bonk could regain the strong momentum seen in past market cycles.
Bonk Holds Its Ground While Meme Coins Face Market Pressure
Profit-taking following strong rallies earlier in the quarter largely explains the current weakness across meme coins. Many traders remain cautious, waiting for confirmation that the recent correction has bottomed out.
Bonk continues to attract strong interest thanks to its liquidity, solid Solana ecosystem presence, and consistent trading volume. As markets recover from liquidation pressure, Bonk’s structure appears to be stabilizing.
If support holds and the broader market regains momentum, the token could be well-positioned for a fresh push back toward its previous range highs.
Bitcoin Hyper: The New Bitcoin Layer-2 Turning Heads for Profit Potential
As traders weigh where the next wave of momentum among high potential altcoins might come from, developments on Bitcoin’s side, particularly in Layer-2 scaling, are starting to stand out.
Bitcoin Hyper addresses long-standing issues with Bitcoin’s infrastructure, introducing scalability and faster transaction speeds.
By combining high throughput with meme-culture appeal, it aims not only to accelerate Bitcoin but also to make it more adaptable for decentralized finance and real-world payments.
Its ecosystem includes a Web3 wallet, explorer, bridge, staking platform, and integrated meme hub. The project has already raised over $25 million in its presale and completed multiple security audits.
To participate, investors can use ETH, SOL, USDC, USDT, BNB, or fiat payments via Visa and Mastercard, facilitated through wallets like Best Wallet. This non-custodial Web3 wallet supports over 60 chains while ensuring full user ownership and privacy, with no KYC requirements.
Users can instantly swap, stake, and manage multiple assets directly through a browser extension, making it a secure and convenient base for altcoin trading.
As market sentiment shifts from short-term hype to long-term opportunity, Bitcoin Hyper offers a clear edge by combining Bitcoin’s security with the profitability of emerging Layer-2 ecosystems.
With strong presale demand and a built-in DeFi layer, early investors are well-positioned to benefit from this rapidly evolving ecosystem.
Visit Bitcoin Hyper
This article has been provided by one of our commercial partners and does not reflect Cryptonomist’s opinion. Please be aware our commercial partners may use affiliate programs to generate revenues through the links on this article.
Source: https://en.cryptonomist.ch/2025/10/31/bonk-price-prediction-solanas-top-meme-coin-setting-up-for-a-big-comeback/
