Is It True Bonk Can Double Its 0.00001942 in 7 Days After Breaking Resistance Today?

Bonk broke a tough trendline that blocked gains for many months already.

Volume rose fast as Bonk moved past old resistance and retested for support.

A clean move above this zone could send Bonk to almost double its price fast.

Bonk (BONK) surged past a critical descending trendline resistance on April 27, 2025, signaling potential for a major price breakout. TradingView data by World of Charts revealed BONK/USDT trading at 0.00001942, posting a 5.20% intraday gain. The breakout follows months of consolidation under a heavy descending trendline that had capped upside attempts since January 2025.

The technical setup indicates that BONK may experience significant upside over the coming days. Analysts suggest a potential 2x price increase if momentum sustains and buyers defend reclaimed support levels above the red resistance zone.

Technical Milestones Achieved

BONK’s price action had been trapped in a steady downtrend from late December 2024 until mid-April 2025. Every rally attempt faced sharp rejection at descending resistance lines. However, persistent accumulation allowed the asset to build a robust support base at lower levels.

The successful breakout above the long-standing descending trendline represents a major technical achievement for BONK. Price quickly retested the breakout point and confirmed it as new support, signaling strong bullish intent.

Volume also increased noticeably during the breakout session, reinforcing the technical validity of the movement. Historical patterns suggest such setups often precede parabolic price moves in smaller-cap altcoins like BONK.

Path Toward Upside Targets

The next major resistance zone lies between 0.00003000 and 0.00005000, as per the historical highs reached in late 2024. If BONK maintains current momentum, reaching this zone could translate into a near 2x gain from the breakout level.

Market structure now favors bulls, with higher lows and higher highs beginning to form after months of suppressed price action. Consolidation above the breakout area will be crucial to avoid bull traps and confirm continuation.

The pivotal question now is: Will BONK capitalize on this breakout to deliver the projected 2x rally within days?

Traders are closely monitoring price reactions around the red zone of former resistance. A clean continuation pattern could pave the way for a substantial short-term rally. Given the current technical dynamics, BONK remains one of the more notable small-cap charts to watch entering May 2025.