BONK Market Cap Drops $1.80 Billion Amid MEME Coin Struggles!
MEME coin BONK lost $1.8 billion in market cap in 30 days, as its price dropped 34.11% to $0.000034.
The persistent negative sentiment and declining trading volume suggest that the downward pressure is continuing for BONK.
BONK could drop to $0.000025 unless bulls defend the $0.000030 level. A rally could push it to $0.000042.
BONK Price Prediction: The Downturn Is Not Over Yet.
Based on the daily chart, BONK price has fallen below the $0.000035 support. Previously, this support zone was crucial for the token’s surge to an all-time high in November.
But in this case, the downturn suggests that BONK’s correction is not over yet. At the moment, it seems that bears are in control even though volumes are decreasing. If this remains the case, and bulls continue to stay on the sidelines, the meme coin could drop to $0.000025.
On the other hand, if bulls can keep the value from falling below $0.000030, the trend could reverse. In that scenario, BONK could surge to $0.000042. In a very bullish scenario, BONK’s market cap could return to $4 billion, and the price could rise to $0.000065.
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