-7.35% for Bonk — bears dominate following stalled price near support

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Bonk slides 7.35% today on selling

Highlights

A governance proposal under review would integrate Bonk into the dYdX exchange's revenue-sharing program, with Bonk developing a dedicated frontend for dYdX Chain.
If approved, Bonk will receive 50% of dYdX protocol trading fees attributed to Bonk trading, directly linking protocol revenue to Bonk trading volumes.
Heightened trading activity in Bonk has been observed ahead of the decisive on-chain vote scheduled for December 11, 2025, signaling investor anticipation.

Trading volumes rise as dYdX governance proposal spurs anticipation

A major governance proposal is under review to integrate Bonk into the dYdX exchange's revenue-sharing program, which would see Bonk develop a dedicated frontend for dYdX Chain and receive 50% of the protocol's trading fees attributed to Bonk trading. This initiative is designed to expand Bonk’s retail community within dYdX and support increased trading volumes in the Solana ecosystem. Heightened trading activity has been observed ahead of the on-chain vote, scheduled for December 11, 2025.

Mixed momentum signals as resistance holds and intraday range narrows

The nearest dynamic resistance is around the Ichimoku Kijun at $0.00001008, while immediate support is shaping up near current levels. Momentum signals are mixed: D1 MACD and ADX indicate continued downside with strong and firm bearish momentum, while the RSI (48.1) sits below neutral and the Stochastic RSI is flagged as overbought, warning of possible exhaustion if holders push higher. The Bull/Bear Power indicator leans firmly toward buyers in the short term, but the Awesome Oscillator is neutral, not actively confirming the downtrend. BONK traded down 7.35% from the previous close, with no significant opening gap, finishing near today's low in a narrow intraday range, showing low volatility and persistent pressure after the open. Momentum and oscillators conflict, so caution is warranted as sellers dominate the daily tone despite mixed underlying signals.

Decline risk outweighs rebound as indicators favor further downside

Looking ahead, the expected trading range for the next five sessions is approximately $0.0000090 to $0.0000099, keeping price action narrowly centered around current levels. Given that all main weekly indicators signal "Sell," the probability of a sustained increase is very low (less than 20%), while a further decline remains much more likely. Baseline scenario calls for consolidation within this tight corridor; a bullish break could trigger a move toward $0.0000099 and beyond, but would require a strong shift in sentiment. A bearish break below $0.0000090 risks a retest of recent lows, with downward pressure reinforced by the absence of medium-term support.

Anton Kharitonov, Traders Union expert, notes that BONK is under technical pressure, trading below all main moving averages and with bearish momentum signals dominating. He sees the active governance proposal as potentially increasing retail participation, but believes immediate price action remains defensive, with sentiment tilted toward further downside. Key support lies just below, and resistance overhead is unlikely to break without a clear shift in market mood. "As long as BONK remains below the $0.00000950 level with sellers in control, I remain defensive — caution is warranted until we see a true change in trend."

Previously it was reported that Bonk was trading above its short-term moving average yet remained under medium- and long-term averages, with momentum and oscillator indicators showing a mix of intraday bullishness and underlying caution. Elevated trading volumes accompanied increased volatility, as the asset approached immediate resistance and a robust trend was indicated by ADX, though mixed technical signals limited breakout potential in the short term.

Source of Data: BONK Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.