Analyst Predicts BONK Breakout as Meme Coin Goes Up

Memecoins are once again making headlines. This time, BONK is in the spotlight, with a well-followed analyst pointing to signs of a potential breakout. PEPE is also moving, driven by renewed hype and technical strength. 

Both tokens are showing signs that the current rally may be more than a passing phase. From chart setups to long-term fundamentals, here is what is pushing BONK and PEPE back onto trader watchlists.

Analyst Identifies Bullish Divergence on BONK as Price Stabilises

A respected technical analyst recently highlighted BONK as one of the most promising meme tokens to watch. 

According to their breakdown, BONK price is currently forming a bullish divergence on the four-hour chart. This occurs when price moves lower while momentum indicators begin to rise, often marking the early signs of a reversal.

At the time of writing, BONK has reclaimed the 0.618 Fibonacci retracement level near $0.00002390 and is attempting to hold above $0.00002714. Momentum indicators remain neutral but slightly positive. 

The RSI has moved out of the oversold zone and is ticking upward, while the MACD has just crossed above its signal line. Although both are still below zero, this setup suggests early recovery rather than continued weakness.

Derivatives data also supports this view. Open interest has dropped by just over four percent, indicating that speculative positioning has cooled. 

This could clear the way for a stronger, more sustainable push higher. The long to short ratio is fairly balanced, with a slight bias toward longs. Liquidations remain low, and the market appears to be positioning for a cautious but optimistic move.

The next target on the chart is $0.00003038, a level many traders are watching. If BONK can hold above $0.00002714 with rising volume, a breakout becomes more likely. However, if support fails, retracement zones near $0.00001928 and $0.00001711 may come into play.

While the current bounce is not yet confirmed, the presence of bullish divergence and reduced speculative pressure suggests this could be the beginning of something more meaningful.

Read also: BONK and PEPE Show Strength as Momentum Builds

BONK Fundamentals Remain Strong with Token Burn and Growing Adoption

Beyond the charts, BONK’s fundamentals continue to improve. The token has held its place among the top fifty cryptocurrencies by market capitalisation, currently valued at over two billion dollars. Much of this value is sustained by a growing user base and consistent deflationary practices.

BONK is on track to reach one million holders, with the current number just above 977,000. Once that milestone is hit, the team has committed to burning one trillion tokens. 

This would be in addition to the over 500 billion tokens already removed from circulation, mostly through fees collected via its launchpad platform, Bonk.fun.

The Bonk.fun platform now powers more than fifty percent of new meme token launches on Solana. 

In total, it has facilitated over five hundred million dollars in trading volume and generated around thirty-four million dollars in protocol fees. Half of those fees are used for token buybacks and burns, adding consistent deflationary pressure to the ecosystem.

Institutional attention is also growing. BONK’s inclusion on the Grayscale Q3 2025 watchlist has increased its credibility among professional investors. Meanwhile, real-world integrations such as the partnership with Dabba Network bring utility beyond trading. 

The collaboration allows communities to purchase internet access using BONK, with a portion of the tokens used in these transactions burned permanently.

BONK is also integrated with more than four hundred decentralised applications across thirteen blockchains. Within the Solana ecosystem, it maintains strong ties with platforms like Magic Eden, Jupiter, and Orca, further expanding its liquidity and visibility.

These developments suggest that BONK is becoming more than just a meme token. With real usage, community support, and mechanisms that reduce supply over time, the project is setting a new standard for how meme coins can sustain momentum.

Read also: Did You Catch the Entry? BONK Setups You Might Have Missed

PEPE Maintains Attention with Hype and Technical Support

While BONK continues to build quietly, PEPE is attracting attention for more familiar reasons. The token has returned to the charts following a surge in social media interest and a dramatic increase in trading volume.

In early July, Google search volume for PEPE jumped by over three hundred percent. At the same time, whale wallets began accumulating significant amounts of the token, and on-chain volume climbed into the trillions. This behaviour points to renewed excitement, both retail and institutional.

From a technical perspective, PEPE has broken out of a long-term downtrend and formed a clear double bottom pattern. Analysts are watching key levels near $0.000014 and $0.000016, which may serve as the next areas of interest if volume continues to rise.

Whale accumulation remains consistent. One wallet recently acquired over half a million dollars in PEPE and ETH during a market dip. Meanwhile, exchange supply is trending downward, a possible sign that holders are preparing for a longer-term move.

The NVT ratio, a metric used to evaluate market valuation against transaction volume, is also declining. This means activity on the network is starting to match or exceed market cap, an encouraging sign for ongoing demand.

PEPE continues to benefit from its meme-driven appeal, but this time the structure behind the price suggests it could extend beyond just a temporary spike. If market conditions stay positive, further growth remains on the table.

Read also: BONK War: Comparison With DOGE and PEPE in 2025

Conclusion

BONK and PEPE are offering very different paths back into the spotlight. BONK is gaining recognition from analysts for its technical setup and long-term fundamentals, while PEPE thrives on renewed hype and whale interest. Together, they represent the evolving face of meme coins in the current market cycle.

For those interested in participating, Bitrue provides a safe and efficient way to trade tokens like BONK and PEPE. With advanced tools, simple interfaces, and strong security, Bitrue helps traders of all levels access the memecoin market with greater confidence.

Read also: Introduction to Bitrue Alpha - Completed Explanation

FAQ

Why is BONK showing signs of a breakout?

A well-known analyst pointed to bullish divergence on BONK’s chart, along with growing volume and technical support, suggesting the potential for a breakout.

What is the importance of the upcoming BONK token burn?

The planned one trillion token burn reduces supply and increases scarcity, which can positively affect price if demand continues to rise.

How does PEPE compare to BONK?

PEPE relies more on social momentum and viral activity, while BONK is focused on long-term development, token utility, and deflationary mechanisms.

What makes Bitrue a good platform for trading meme coins?

Bitrue offers secure trading, real-time price data, and access to popular tokens like BONK and PEPE, making it suitable for both short-term and long-term traders.

Can BONK and PEPE both perform well in the same cycle?

Yes. Their different strengths and audience appeal mean they can rise together, especially during a broader shift in crypto market sentiment.

Investor Caution 

While the crypto hype has been exciting, remember that the crypto space can be volatile. Always conduct your research, assess your risk tolerance, and consider the long-term potential of any investment.

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