BONK Price Builds Momentum: Bullish Pennant Targets $0.00004800 Amid 135% Volume Spike

On the 4h chart, BONK is setting up a bullish pennant, confirming that the price can break out to the upside with a target of roughly 30-40%.

The resistance of 0.00003657 and support at 0.00003282 highlight a narrow range, which traders are eagerly monitoring to observe a confirmation.

The trading volume increased 135.59% within 24Hours to 1.25B, indicating a re-entering of the market by traders, and a possible subsequent movement.

BONK continues to trade within a bullish pennant pattern on the 4-hour chart, suggesting the possibility of a breakout. The asset recently experienced a consolidation phase, holding above its ascending trendline support. Price action has remained confined between converging resistance and support lines, forming a structure often associated with continuation patterns

Based on recent chart data, the price currently trades around $0.00003305, with bullish momentum gradually building as the apex of the pennant approaches. If confirmed, a breakout from the upper boundary could result in a price move of up to 40% based on historical projections of similar setups.

Price Targets Aligned with Pattern Height and Resistance Break

The pennant formation reflects a strong upward rally that began earlier in July. BONK surged before entering a consolidation channel, bounded by descending resistance and rising support. This structure now defines a clear breakout range. The projected upside target—marked on the chart at approximately $0.00004800—aligns with the measured move principle. This represents a potential 35%–40% increase from the current level, should the price close convincingly above the resistance near $0.00003657.

At the time of reporting, BONK remains just below this resistance zone. On the 4-hour chart we see multiple tests of this upper boundary, but we have yet to see a breakout hold. Within 24 hours, the price range is narrow, with the highest price set to $0.00003657 and the lowest $0.00003282. These levels have become the direct support and resistance, respectively, and they determine the short-term price behavior as both bulls and bears struggle to dominate.

BONK Gathers Momentum Amid Bullish Structure

There has been a significant increase in 24-hour volume by 135.59% to the 1.25 billion dollar mark. Such a steep surge in trading activity may indicate an upcoming renewal of interest before a breakout is attempted. Also, BONK has a market capitalization of 02.72 billion, and the market price is set at 00003386. Despite a 1.19% daily decline, broader price action shows that the token remains within bullish structure boundaries.

Source: CoinMarketCap

To further validate this configuration, BONK has a volume-to-market cap ratio that settled at 45.82% at the time of writing, further enhancing elevated speculative interest. A push above 0.00003657 may result in high short-term profits, especially as the current momentum trendlines increase on volume support. Should the lower support at $0.00003282, however, give way, the price has a chance to pull back to previous levels in the month of July.

Market Sentiment Mixed Amid Tight Range

Despite the bullish technical setup, sentiment remains mixed, as seen in the day’s price contraction. The failure to hold above the intraday high of $0.00003620 introduces short-term uncertainty. However, market participants continue to monitor the narrowing range closely.

These structural factors will likely dictate near-term direction as the token approaches the end of the pennant formation. Traders now await confirmation through either breakout or rejection, with volume and trendline interaction offering the most immediate clues.