BONK has recently seen a significant uptick in price, allowing investors to recoup a portion of their losses from earlier in 2025. Even with this positive development, the altcoin still has a substantial distance to cover before completely turning around the downward trend of the year. Encouraging signs from both investors and market indicators are indicating a potential upcoming rally.

The latest technical analysis indicates that BONK is nearing a Golden Cross, where the 50-day EMA is close to surpassing the 200-day EMA. This crossover is widely recognized as a strong bullish indicator that often triggers an upward trend. If this occurs for BONK, it could signify the end of nearly four months of bearish pressure and initiate a sustained increase in price.

Investor optimism is on the rise, as demonstrated by increasing trading volumes and positive sentiment. The market is eagerly awaiting the Golden Cross event, driving up buying interest and expected to enhance bullish momentum, aiding BONK in regaining its lost value.

Furthermore, the Chaikin Money Flow (CMF) indicator confirms this positivity by showing consistent capital inflows into BONK over recent weeks. These substantial inflows suggest that investors are actively accumulating BONK, reinforcing its price foundation. In combination with the broader positive trends in the crypto market, BONK is well-positioned to capitalize on the growing demand.

As market confidence continues to improve, BONK is likely to attract more investments, which will support its ongoing rally. The convergence of bullish technical indicators and market dynamics strengthens the likelihood of further price increases in the short term.

Currently, BONK is trading at $0.00002130 with resistance at $0.00002285. To fully recover the losses incurred since the beginning of 2025, BONK needs to increase by approximately 77%, reaching $0.00003769. While achieving this goal may take time, the immediate priority is to surpass and sustain $0.00002748 as a support level.

Securing this support level is critical for maintaining the bullish trend. Successfully establishing $0.00002748 as a support zone would likely lead to a continued upward trend, gradually moving towards higher price levels and rebuilding investor trust.

On the other hand, failing to hold the $0.00002285 resistance could trigger a reversal. A decline below $0.00001995 and further down to $0.00001779 would weaken the bullish outlook, potentially resulting in renewed selling pressure and a return to bearish market conditions.