Bonk (BONK) has been under pressure over the past three months, shedding more than half its market value. According to community data, while the CoinMarketCap (CMC) Index fell just 0.3% in the last 90 days, the broader memecoin sector lost roughly one-third of its value. BONK, however, underperformed its peers with a drop of over 50%. So, is it really time to exit Bonk?
Token Stays Weak Under Selling Pressure
At the time of writing, BONK price is hovering around $0.00001558, down 4.3% in the past 24 hours. The token continues to move within a descending channel, showing a consistent pattern of lower highs since August.
The 20-day EMA ($0.0000182) has acted as immediate resistance, followed by the 50-day EMA ($0.0000203) and 100-day EMA ($0.0000212) — all positioned above the current price. The 200-day EMA ($0.0000213) remains the major long-term resistance, confirming a bearish market structure.
The Relative Strength Index (RSI) stands near 38, indicating weak buying strength. The momentum suggests that sellers still dominate, with limited signals of recovery in the near term. Unless BONK price breaks above its upper channel resistance and closes above the 20-day EMA, its short-term trend will likely remain bearish.
The descending channel pattern defines BONK’s ongoing trend. Every rally attempt since August has faced rejection at the upper boundary, while each decline finds support near the lower boundary. This indicates a steady bearish rhythm that persists until a breakout occurs.
Support levels currently lie around $0.000012–$0.000010, which represent the lower end of the channel and potential zones for accumulation. Resistance levels remain between $0.000018–$0.0000205, aligned with the 20- and 50-day EMAs.
If BONK fails to breach the $0.000018 level, it may retest the lower boundary near $0.000010, continuing the downward move. A clean breakout above the channel and 20-day EMA could invalidate the bearish setup, opening the path toward $0.000021–$0.000023. However, given the weak RSI and cluster of EMAs overhead, the bearish scenario currently appears more probable.
Safety Shot Rebrands to Bonk Inc. to Consolidate Ecosystem
Despite weak technical signals, the ecosystem is expanding. On Oct. 11, Safety Shot Inc., a digital asset treasury firm, rebranded to Bonk Inc. to align itself with the digital asset sector. The company holds 2.7% of token’s circulating supply. This is currently worth about $43 million. Bonk Inc. aims to increase its stake to 5% by the end of 2025.
Bonk Inc. plans to deploy yield-generating strategies such as covered calls, addressing the lack of native staking options within tokenomics. The company’s goal is to serve as a public vehicle for the broader ecosystem, which now features automated market makers (AMMs), trading bots, and other Solana-based tools.
Additionally, on Sept. 22, BONK.fun, a launchpad linked to the BONK ecosystem, announced a revised revenue allocation model. Under the new structure, 5% of BONK buy/burn revenue and 5% from Solana staking rewards will now go into a community marketing fund, raising the fund’s total share to 14% of platform fees.
From a technical standpoint, token remains bearish, struggling to sustain rebounds amid broader weakness in the memecoin market. The ecosystem’s ongoing developments — including Bonk Inc.’s rebrand and BONK.fun’s marketing fund — indicate that structural groundwork is being laid for long-term stability.