+7.34% for Bonk — Technicals mixed after quick hack containment

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Bonk jumps 7.34% today to $0.0000063

Highlights

Hackers compromised the Bonk.fun website on March 11, 2026, deploying a wallet drainer linked to a team account breach.
Rapid intervention limited user losses, with only those signing after the attack affected and one major reported loss of $273,000.
BONK price shows short-term buyer momentum but faces medium-term bearish signals, likely trading sideways between $0.00000587 and $0.00000646.

User losses contained after website hijack prompts rapid developer response

On March 11, 2026, the Bonk.fun website, which serves as a Solana-based memecoin launchpad linked to Bonk, was hijacked after hackers compromised a team account and deployed a wallet drainer on the bonk.fun domain. The breach prompted urgent warnings from the Bonk.fun team advising users to avoid the compromised site, with only those who signed a malicious message after the breach being affected. Reported losses were kept minimal by developers’ rapid response, though at least one trader reported a loss of $273,000. The team continues to urge users to refrain from interacting with the platform and to revoke approvals made during the incident until security is fully restored.

Mixed technical momentum as buyers dominate but signals diverge

From a technical perspective, momentum signals are mixed. On the D1 chart, MACD indicates a strong sell while ADX is neutral, pointing to weak and choppy trend strength. RSI is at 47.61 (sell), Stoch RSI is overbought at 100, and CCI remains neutral, suggesting only a slight risk of buyer exhaustion. BBP is firmly in strong buy territory, indicating buyers dominate intraday; however, MACD’s bearish signal tempers this. BONK’s price has climbed within a tight $0.0000061–$0.0000063 range near the session high, with low volatility and buyers maintaining control.

Downside risk prevails amid limited rebound probability and bearish signals

In the short term, BONK is expected to move sideways between $0.00000587 and $0.00000646 — a volatility band relative to current levels that reflects the recent price action. The probability of a further upside move is low (under 20%), while downside risk is more prominent due to sustained bearish signals from MACD, MA-50, and RSI on D1 and W1 timeframes. A sustained break above $0.00000642 would be needed to shift the outlook bullish, while a move below $0.00000587 support would signal a bearish scenario.

Viktoras Karapetjanc, expert at Traders Union, sees short-term optimism for Bonk as buyers retain control, but stresses that key resistance levels must be cleared for a sustained bullish shift. He believes the recent security incident on Bonk.fun has dampened sentiment but notes developer responsiveness helped contain the fallout. Macro and sentiment remain fragile, with upside potential limited unless momentum is regained. "A recovery above $0.00000642 would open the door for further gains, but I remain watchful as long as broader signals stay mixed."

Previously it was reported that Bonk is trading below its major moving averages with persistent downward pressure, as technical indicators such as MACD, ADX, and RSI reflect a prevailing bearish trend despite moderate volatility and some intraday buying interest. The asset remains in a consolidation phase, with immediate resistance just above current price and support nearby, while mixed momentum signals and weak bullish confirmation suggest continued sideways trading is most likely in the near 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.