Bonk is trading around $0.00002023, reflecting continued volatility in the meme-coin market.
The token has faced downward pressure due to profit-taking and fading speculative interest, but strong community support and its close ties to the Solana ecosystem keep it in focus for many investors.
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Bonk Crypto Next Target
- Price: $0.00002023
- 24-Hour Trading Volume: $343.6 million
- Circulating Supply: ~77 trillion BONK
- Total / Max Supply: ~88 trillion BONK
- Market Cap: Estimated based on circulating supply and price
Price has pulled back to a robust support area of $0.000020 and 200 SMA, which is also where it broke out from Falling Wedge pattern. That’s a solid trade entry area, with +25% potential upside to $0.000025 (PT). Stop Loss at $0.000018.
Key Indicators & Market Signals
- BONK has underperformed the broader crypto market, posting a weekly decline of over 24%.
- Resistance is forming near $0.00002130, while support is holding around $0.00001990 to $0.00002000.
- High trading volume with limited price movement suggests accumulation or consolidation rather than a breakout.
- Technical sentiment remains mixed as earlier hype around token burns and ecosystem updates has cooled.
Latest News Highlights
- BONK’s recent price dip is linked to delayed ETF approvals and a decrease in meme-coin speculative interest.
- Whale selling has contributed to additional downward pressure on the price.
- Analysts caution that BONK’s correlation with other meme coins like DOGE and SHIB increases its downside risk during broader market corrections.
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