TLDR:
- BONK consolidates under $0.000041, signaling possible accumulation.
- Anchored VWAP support near $0.000032 holds firm for now.
- Traders eye breakout to $0.000050 if resistance clears.
- Dips near $0.000025 flagged as strong potential buy zones.
Bonk is stuck in a tight range. The price has been grinding sideways after recent highs, testing traders’ patience.
The token is trading at $0.00003171, down 8.41% in the last 24 hours. Over the past week, it has slipped 5.93%, but key levels remain intact. Market watchers say the setup is still constructive if support holds.
BONK Price Consolidates Below Resistance
Crypto Bully noted that BONK has been holding just under a major resistance near $0.000041. He explained that price action in this area usually points to accumulation, not weakness. The longer it stays there, the higher the odds of an eventual breakout.
Despite the recent pullback, the price continues to sit above the anchored VWAP, now between $0.00003200 and $0.00003400. That zone is acting as a key base for buyers, keeping the uptrend alive.
$BONK is the only altcoin sub $10B with the consistent buy backs and a flywheel that can sustain most normal sell pressure
Price currently consolidating right below previous resistance/weekly highs, which is always a sign that market wants higher. Currently we're trading right… pic.twitter.com/iGUSSxrfaC
— Crypto Bully 🔥 (@BullyDCrypto) July 29, 2025
Crypto Bully emphasized that any dip into the middle band near $0.00002500 may present a strong buy zone. Traders are watching this level closely. He warned against trading “in the middle” until either a clean breakout or a meaningful dip gives better confirmation.
This strategy lines up with current market behavior. Consolidation near the top suggests sellers are being absorbed while buyers defend crucial levels.
Short-Term Price Context
According to CoinGecko, BONK has been trading between $0.0000312 and $0.00003756 for the past week. In the last 24 hours, it ranged from $0.0000311 to $0.00003657. That kind of tight action often precedes larger moves.
Meanwhile, CRG pointed out that BONK shares the same chart pattern seen across several altcoins. He stressed that buyers need to step in with force soon, or risk losing this setup to further downside pressure.
A lot of charts looking like this right now $BONK
Monday low –> Monday high trade set up coupled w/ a last week's low to last week's high trade set up
Buyers, u better step in w gusto or else pic.twitter.com/LcCs1Eyuv8
— CRG (@MacroCRG) July 29, 2025
Market participants remain focused on two key outcomes. A breakout above $0.000041 could clear the way for a run toward $0.000050. On the other hand, a dip into the anchored VWAP zone may offer a more favorable entry before the next leg up.
Until then, traders are staying patient. BONK is holding the line, but confirmation is still the missing piece
