BONK rise to the sky due to high demand: Will it surpass the $0.000025 mark soon?

Bonk ( is recording a strong bounce back as demand and optimistic sentiment have significantly increased in recent days.

According to data from Coinalyze, although the price of BONK has only increased by about 7% in the past 24 hours, the open interest ) has risen by up to 8% — indicating that speculative capital is returning and providing significant support for the upward trend. This is a clear signal that traders are expecting further advancements of this memecoin.

However, the movement of Bitcoin remains an important factor that can affect the entire altcoin market, including the memecoin group. If BTC falls below the important support level at 107,300 dollars, market sentiment could quickly shift to negative in the short term. Conversely, if Bitcoin continues to oscillate sideways or slightly breaks upward, BONK has the potential to bounce back and aim to surpass the nearest local peak.

BONK price rises towards the highest level in May

BONK/USDT | Source: TradingViewThe breakout of BONK past the $0.000018 mark on July 5th marked the first clear bounce back signal after the correction phase.

A recent report has highlighted the short-term bullish outlook for this memecoin and the reality has quickly confirmed that expectation, as the price of BONK strongly surpassed the psychological resistance level of 0.00002 dollars.

The OBV indicator ( On-Balance Volume ) also shows positive signs as it surpasses the highest peak in May, while daily trading volume has significantly increased in recent sessions, reinforcing the upward momentum with substantial cash flow.

With significantly increased demand, BONK is approaching the $0.000025 mark — the highest price since May. If buying pressure continues to be sustained, the next target could be the Fibonacci 23.6% extension area at $0.0000298 — a milestone that the bulls are aiming for.

However, traders and investors need to be cautious. On the weekly timeframe, the technical structure still leans towards a bearish trend, unless BONK can turn the 0.000026 dollar zone from resistance into sustainable support. This will be a key factor in determining whether a bullish trend can be established in the medium term or not.

Source: CoinglassAccording to data from Coinglass, the liquidation map has reinforced expectations drawn from recent price action, indicating that the $0.0000256–$0.0000262 area is attracting liquidity.

This is a significant concentration area of liquidation orders, often acting as a price magnet — where both buyers and sellers can be caught in liquidity sweeps. The dense presence of liquidation levels here indicates that the potential for a short-term correction is very much justified.

However, with the stable upward momentum and the prevailing buying force, this upper liquidity cluster is likely to only create a technical pullback before the price continues to be pushed higher in the next attempt.

In this context, traders who opened Long positions earlier may consider taking profits at the $0.000026 level — while closely monitoring price action to determine whether this is just a temporary pause or a clear reversal signal before making their next trading decision.

Minh Anh