Bonk ( CRYPTO: BONK) is taking the spotlight from Dogecoin ( CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) as traders position for what some call the next “Solana supercycle,” with technicals and on-chain information lining up for a prospective 400% breakout.
BONK Cost Targets 400% Breakout
BONK Technical Analysis (Source: TradingView)
The everyday chart exposes BONK pushing versus a long-lasting coming down trendline near $0.000022, with numerous stopped working retests because July.
Cost is combining simply listed below the significant EMA cluster in between $0.0000207–$ 0.0000220, developing a thick resistance zone.
Assistance stays firm at $0.000018, where purchasers have actually consistently actioned in throughout September.
A breakout above $0.000022 would validate a pattern turnaround, predicting an approach $0.000038–$ 0.000040.
Wall Street-Backed Build-up Raises BONK
Security Shot Inc. (NASDAQ: SHOT) divulged that its subsidiary BONK Holdings LLC now owns over 2.7% of BONK’s distributing supply, with strategies to increase its stake to 5% by end-2025.
The purchase positions BONK amongst a little group of meme properties with openly divulged business direct exposure.
This relocation highlights BONK’s growing function within the Solana (CRYPTO: SOL) community, where it runs as an inexpensive, high-speed energy token.
Whales Signal Self-confidence In BONK
BONK Netflows (Source: Coinglass)
According to Coinglass information, BONK saw $355,000 in exchange outflows on Oct. 8, marking an extension of unfavorable netflows.
These outflows recommend that big holders are moving tokens into personal wallets.
BONK’s on-chain structure indicate long-lasting holding habits instead of short-term trading, enhancing the token’s breakout possibility.
Why It Matters
If BONK breaks above the $0.000022 resistance cluster, the next targets lie near $0.000030 and $0.000040.
BONK’s increase is not simply another meme coin story.
What makes it striking is the mix of institutional ownership, whale build-up, and Solana combination, developing a setup that equals DOGE and SHIB throughout their breakout periods.
Security Shot’s business disclosure includes authenticity, while BONK’s active energy within Solana provides it a structural benefit most meme tokens do not have.
This raises a much deeper concern for traders: are we enjoying the birth of the very first meme property to shift into a genuine utility-backed market leader?
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