BONK Price Eyes 75% Breakout as Falling Wedge and RSI Near Oversold

BONK shows technical signs of a major upward move. Let’s explore how the falling wedge and RSI could drive this surge.

The BONK/ USDT chart on the four hour timeframe shows that the token has created a falling wedge pattern. A falling wedge pattern is a bullish chart formation where price moves within two converging downward sloping lines and usually signals an upcoming breakout to the upside.

BONK is currently trading at 0.00003159 USDT and sits near the lower boundary of the wedge. The upper resistance line has gradually narrowed, indicating reduced selling pressure. The volume has also decreased, which often happens before a breakout. The 50 day exponential moving average at 0.00003374 USDT is slightly above the current price, and a move above this level could support bullish momentum.

If BONK confirms the falling wedge breakout, its price could rise by approximately 75 percent from the current level to reach around 0.00005526 USDT. This level aligns with the previous resistance shown on the chart. For confirmation, BONK must break decisively above the upper trendline of the wedge with increased volume, which would signal renewed buying strength and validate the pattern.

The recent decline toward the wedge’s lower support indicates that price is retesting its base, which often precedes upward reversals in such patterns. The tightening price range and decreasing volume reflect consolidation, a typical precursor to a breakout. A confirmed breakout would likely push BONK toward the projected target, driven by technical buying and pattern completion.

The BONK to USDT relative strength index (RSI) chart shows that the RSI is currently at 36.03, which is close to the oversold threshold of 30. RSI measures the speed and change of price movements and helps identify overbought or oversold conditions.

The RSI has been falling steadily. It moved below its signal line at 45.62 and shows weakening momentum. This drop confirms that sellers currently control the market. However, RSI is now near the oversold region, signaling that selling pressure may soon fade.

If RSI moves closer to or below 30, it will confirm an oversold condition. Buyers often step in at this point. This would align with the falling wedge pattern, which is a bullish sign. Together, these signals could strengthen the case for a breakout.

If RSI stabilizes and turns upward, it will suggest that buying momentum is returning. This move could push BONK higher. The price may then aim for the 75 percent target at 0.00005526 USDT.

The narrowing price action also supports this view. The wedge is tightening, and volume is dropping. These factors often lead to strong breakouts. If buyers step in now, BONK could quickly reverse upward.