🚀 BONK Holds Strong Support Despite Heavy Selling – What’s Next for Solana’s Meme Token?

The Solana-based meme coin $BONK has recently faced intense selling pressure, but smart money seems to be stepping in at a crucial support level. After dropping nearly 6%, BONK found stability around $0.000023, where over 1 trillion tokens changed hands – signaling a key support zone.

💡 On the flip side, $0.000026 has emerged as a strong resistance, with nearly 4 trillion tokens traded at that level. This creates a tight battle between buyers and sellers – a classic “support vs. resistance” scenario.

📊 The sudden surge in trading volumes during the dip suggests institutional accumulation, hinting that big players may be positioning themselves for a rebound. If BONK manages to break above $0.000025, it could spark a strong bullish rally. However, if support at $0.000023 fails, we might see a retest of August lows.

🔥 Why This Matters for Investors

✅ Strong Support Zone → BONK is showing resilience, which attracts dip-buyers.

✅ Institutional Interest → Smart money entering at support often signals a potential reversal.

⚠️ Risk Factor → A breakdown below support could trigger another wave of selling.

👉 In simple terms, BONK is at a make-or-break level. Traders should watch the $0.000023–$0.000025 range closely, as the next move could decide whether BONK turns into a bounce play or slides into deeper correction.