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Bonk memecoin rallies 14%, breaking downtrend but faces spot selling pressure.

Technical Signals
22 Sep 2026
AMBCrypto
View Source
Bullish
Bonk memecoin rallies 14%, breaking downtrend but faces spot selling pressure.

Bonk (BONK) memecoin surged 14%, breaking out of a weeks-long downtrend and setting new local highs despite a broader crypto market pullback. Technical indicators like the Money Flow Index and Parabolic SAR suggest bullish momentum, with key price targets at $0.00000516 and $0.00000831. However, spot market selling remains a concern, although recent declines in selling pressure may ease this obstacle. Investors should watch for a confirmed breakout above resistance to sustain gains.

Bonk's recent rally is noted here alongside Pluang's market snapshot as of Sep 22, 2026 19:03 WIB. Among 50 major cryptocurrencies priced on Pluang, 26 rose and 22 fell today. XNO led gains with an 18.89% increase to Rp7.572 despite heavy selling activity (85% Sell / 15% Buy), while BAL and EOS also advanced by 11.14% and 8.13% respectively, with typical hold times around 85-87 days.

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