$BONK
🚨 Bonk coin in Trouble 🚨
Bonk coin is experiencing significant sell-offs, with its price dropping by over 11% to around $0.0000202 amid a broader meme coin market downturn.
This decline has brought some significant uncertainty to the prospects of the Bonk coin. Good news may not immediately influence investor sentiment, as the price has continued its decline even after the recent collaboration with DeFi Development Corp. to deploy a Solana validator.
Technical analysis, however, indicates that there is a possibility of a recovery since Bonk coin has formed a bullish cup-and-handle pattern that projects a 60% rise to $0.000034. In this volatile market, investors are closely monitoring the movement of Bonk coin while gauging the risks and potential benefits.