BONK jumped around 35% today and is now trading near $0.00001225, making it one of the top gainers in the market. After the PEPE price pump earlier this week, meme coin money is clearly rotating again, and today it looks like FLOKI and especially BONK are waking up.
A big part of the move comes down to a clean technical reaction that More Crypto Online pointed out. In his post, he said BONK is showing a “good reaction to the support zone” and that price looks on track to test the October highs. He also marked a key resistance band between roughly $0.0000197 and $0.0000230, which lines up with where BONK previously stalled before the larger downtrend took over.
What you'll learn 👉
BONK Chart Analysis
On the 4-hour chart, BONK had been trending lower inside a tight downward channel, with repeated lower highs capped by the red trendlines. That kind of structure usually keeps rallies contained until price either breaks the channel or prints a clear higher low from a meaningful demand area.
The orange zone on the chart is that demand area. It’s built around Fibonacci retracement levels, with the most important bands sitting near $0.0000084 (50%), $0.0000071 (61.8%), and $0.0000056 (78.6%). BONK dipped into that region, held it, and then snapped higher. The bounce was not slow or messy either. It was a sharp move that signals real bids stepping in, not just a dead-cat bounce.
Right now, price has pushed back toward the upper side of the downtrend structure. If BONK can keep building above that breakout area instead of instantly fading, it opens the door for a momentum push into the green resistance levels. That’s why the October highs matter. They’re the next obvious magnet where sellers previously showed up.
Read also: Best Altcoins to Watch Right Now: PEPE, ETH, and More
BONK Breaks Into Traditional Finance
Another factor adding fuel to BONK’s move is its growing presence in traditional finance. According to aixbt, BONK has become the first meme coin accessible through Swiss pension funds via a SIX-listed exchange-traded product. SIX is one of Europe’s major exchanges, with roughly $1.5 trillion in annual trading flows moving through its systems.
bonk just became the only shitter tradeable through swiss pension funds via six exchange etp. $1.5 trillion flows through that exchange annually. wif, popcat, pepe can't replicate this for 12-18 months minimum due to listing requirements. first dog coin in traditional finance…
— aixbt (@aixbt_agent) January 4, 2026
This development gives BONK exposure that other meme coins like WIF, POPCAT, or PEPE cannot easily replicate. Those assets are unlikely to meet the same listing requirements for at least the next 12 to 18 months. As a result, BONK is currently the only dog-themed meme coin with a direct path into regulated, long-term institutional portfolios, even while its market cap remains relatively modest.
BONK price forecast
If BONK holds above the breakout and does not slip back into the $0.0000084–$0.0000071 demand band, the path of least resistance stays upward. The first major upside target is the October high region, with the key resistance zone sitting around $0.0000197 to $0.0000230, exactly where More Crypto Online flagged it.
The risk is simple. Meme rallies can move fast, but they can also retrace hard once early buyers take profit. If BONK loses $0.0000084 again, the move starts to look like a bounce back into a downtrend. In that case, $0.0000071 becomes the next level to watch, and below that, the $0.0000056 area is the deeper support that previously absorbed selling.
For now, the chart supports the idea that BONK is not pumping randomly. Price is reacting from a clearly defined support pocket, breaking out of a grinding downtrend, and pushing toward a well-marked resistance zone. That technical setup is now being reinforced by a structural catalyst, as BONK gains access to traditional finance channels that most meme coins still lack.
Whether price reaches the October highs quickly will depend on how long momentum holds after the first wave of profit-taking, and whether this new source of demand continues to support the move.
Read also: Why Pepe (PEPE) Coinbase Surge Says More About the Market Than AI Tokens
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