Bonk (BONK) Breaks May Downtrend on Heaviest Volume in Five Months

Bonk Breaks a Five-Month Downtrend

Bonk (BONK) has broken above the descending trendline that had capped its price action since the May 11 high near $0.00000800, with the Aug. 21 breakout printed on the heaviest daily trading volume of the past five months — a volume signature that lends the move technical weight rather than marking it as noise. For the Solana-based meme asset, the break ends months of compressed lower highs under that ceiling. Since clearing the trendline, Bonk has converted the $0.00000273 level into confirmed support, retesting it in early September and holding. The token trades near $0.0000035 as of this writing, up 5.59% over the past 24 hours, with a market capitalization of $308 million — leaving it near its recent highs at a moment when most of the meme-coin complex is unwinding. The divergence matters for sector rotation: capital that chased the fastest runners last week appears to be consolidating around setups with verified structure underneath them, and the daily chart — the primary record for this analysis — shows BONK fitting that profile. Momentum readings back the structure: the Relative Strength Index prints 67 and continues to rise, signaling building buying pressure without yet reaching overbought extremes. The path higher is clearly mapped. Immediate resistance sits at the Aug. 21 swing high around $0.00000375, followed by the round $0.00000400 handle. Above those, $0.00000485 lines up almost precisely with the declining 200-day moving average near $0.00000490, roughly 38% above current spot. Until that zone gives way, BONK still prints lower highs on the higher timeframe — the daily downtrend is broken, but the macro structure is not yet overturned. Whether volume persists into resistance will decide the second week of September: the same expansion that validated the Aug. 21 breakout is the confirmation bulls need for a run at the 200-day line.

USELESS and MARSCOIN Reverse Hard

BONK's relative strength stands out because two of the other meme setups on this week's watch list reversed sharply on Sunday after parabolic runs. Useless Coin (USELESS) rallied 373% from its Aug. 31 low near $0.0668 to a Sept. 5 peak of $0.316, only to stall inside the $0.262–$0.278 resistance zone. The token now trades near $0.2225, down 24.43% over 24 hours, with a market capitalization of $222 million. In a bear market regime, moves of that velocity typically revisit the mean before any second leg develops. The bigger concern is the air beneath price: USELESS's 21-day exponential moving average sits at $0.1231, about 45% under spot, while the $0.093–$0.100 support shelf lies roughly 55% lower, with only the $0.20 level standing in between. That shelf capped USELESS through June and July before the surge reclaimed it, and the RSI at 74.2 has started turning toward its signal line. MarsCoin (MARSCOIN) carries an even sharper risk profile. With only about five weeks of trading history since late July, the token climbed roughly 745% from $0.030 on Aug. 21 to a $0.253 high on Sept. 6, then rejected the $0.240–$0.248 zone and closed the session at $0.1832, down 23.76% for the day. Its 21-day EMA near $0.092 sits about 50% below spot, and the $0.060–$0.066 zone is roughly 67% lower — the widest support gap of the three setups. Volume peaked on Sept. 4 and has contracted since, while RSI has eased only from 78 to 71 with no bearish divergence printed yet. For traders running margin trading positions or contract trading books into these names, that gap — not the size of the rally — defines the risk into the week. Readers tracking the market in real time can follow live spot and futures prices on Bitget.

The $0.00000485 Test Ahead

The thread separating this week's survivor from the unwound runners is proximity to support. BONK sits roughly 28% above the $0.00000273 shelf it has already retested and held; USELESS and MARSCOIN float about 45% and 50% respectively above their nearest moving-average supports — distances that turn any further rejection into a deep drawdown rather than a routine pullback. Our read of the BONK/USDT daily chart keeps the burden of proof with buyers: RSI at 67 and rising favors continuation, but the higher-timeframe lower highs stand until $0.00000485 gives way. Spot momentum cooled modestly into Monday, with the pair up about 4% on the day — a pause, not a reversal, so long as $0.00000273 keeps attracting bids.