---
title: "BONK at Critical Level After 28% Weekly Drop"
url: https://diffcoin.com/bonk-at-critical-level-after-28-weekly-drop/
description: "BONK trades near $0.000026 as analysts watch a cup-and-handle pattern and key $0.000025 support for a potential rebound."
published: 2025-08-02
updated: 2025-08-02
author: "Mila"
site: "Diffcoin"
---

# BONK at Critical Level After 28% Weekly Drop

**TL;DR**

- BONK retests $0.000025 neckline with cup-and-handle pattern, suggesting possible 100% upside rally.
- Analysts highlight previous resistance turning support as traders await a bounce or further downside.
- Grayscale tracking sparks institutional interest as BONK holds near critical support amid heavy trading.

## **BONK Teeters Before Potential Breakout**

Bonk (BONK) trades below $0.000026 after falling 8% in the past 24 hours and 27% over the last week. Trading volume reached $570 million in the same period. Market attention is on a key support zone that could determine the next move.

Crypto analyst Jonathan Carter said BONK is retesting its neckline at $0.000025, forming what he identified as a cup-and-handle pattern, which is often seen during bullish continuation phases.

Carter said,

> “pattern completion combined with a neckline hold could result in 100% upside.”

His price targets are $0.000035, $0.000037, $0.000041, and $0.000052. He noted that trading volume increased on the right side of the pattern, which can confirm market interest during a potential breakout.

> [#BONK](https://twitter.com/hashtag/BONK?src=hash&ref_src=twsrc%5Etfw) Neckline Retest – Bulls Ready to Bounce
> 
> Cup and handle pattern executing flawlessly near the $0.000025 support zone‍♂️
> 
> Pattern completion + neckline hold = 100% upside
> 
> Target levels: $0.000035 → $0.000037 → $0.000041 → $0.000052
> 
> This is the setup that doubles… [pic.twitter.com/Lb98rWSjDZ](https://t.co/Lb98rWSjDZ)
> 
> — Jonathan Carter (@JohncyCrypto) [August 1, 2025](https://twitter.com/JohncyCrypto/status/1951249900819083313?ref_src=twsrc%5Etfw)

Interestingly, technical readings show the Relative Strength Index (RSI) has cooled from earlier highs, giving room for another upward move if buying returns.

## **Buyers Watch Previous Resistance as Support**

Analyst BATMAN shared that BONK’s recent pullback is approaching a previous resistance area, now a potential support zone between $0.000025 and $0.000026.

> “If it dips a bit lower into that blue box, that’s the spot I’d be looking to buy,” he said.

A recovery from this zone could keep the bullish setup intact. A break below the area, however, would suggest fading short-term strength.

## **Institutional Tracking Adds Interest**

Last month, BONK was added to Grayscale’s institutional tracking list. While this does not confirm investment, traders see it as a step that may bring broader market visibility.

Market participants are now focused on whether BONK can hold its neckline support and trigger the next leg of the cup-and-handle pattern or if the decline continues in the near term.

SPECIAL OFFER (Sponsored)  
  **Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance**  (full details).

**LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!**

[Source link](https://cryptopotato.com/bonk-at-critical-level-after-28-weekly-drop/)