Price has now exited a clearly defined descending channel on the daily timeframe as well. This move marks the first clean trend change since the prior distribution phase that began mid-2025.
Meanwhile, Canadian-listed TenX Protocols has expanded into the Solana ecosystem and selected BONK as part of its crypto treasury strategy.
Following a public listing and a capital raise exceeding $30 million, the firm acquired roughly 220 billion BONK tokens through a mix of market and over-the-counter transactions at an average price near $0.00001138.
BONK rebounded from a well-defined demand zone near the channel base, followed by a decisive push higher. Immediate pullback risk sits near the former support area, around $0.0000070.
A failure to hold this region would reopen the door to a deeper retrace but current trend suggests otherwise.
On the other hand, the first major area of interest rests near the prior supply zone at $0.000020. A clean break above this region would expose BONK to an accelerated move toward the higher resistance band marked near the $0.000040 area.
Source: TradingView
Meanwhile, momentum indicators on the chart support the bullish case. RSI now trends higher, while MACD structure reflects a fresh expansion phase rather than exhaustion.
While BONK is likely prepping up for a rally, a 100x move is highly unlikely for many reasons. First, a 100x increase based on the current supply of 87.8 trillion BONK, such a price surge would require an unprecedented amount of capital inflow.
Also, such high valuation would disrupt the market dynamics. However, this doesn’t rule out possibilities of further strong rallies in the near future.
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