$BONK Price Analysis: Trading at $0.00000970 – Is a Reversal on the Horizon?

Attention Binance Square traders! $BONK , the Solana-based meme coin, is currently trading at $0.00000970 as of April 9, 2025, and the market is buzzing with opportunity. After a turbulent few weeks, BONK has slipped 6.05% in the last 24 hours, according to Economic Times data, aligning with a broader crypto market dip.

Latest News: Bonk has been making waves with its community-driven initiatives. On February 7, the Bonk team burned 2 trillion tokens, reducing supply and sparking speculation of a price surge. Blockchain.com’s December 2024 listing of BONK with $500,000 in trading incentives further boosted its visibility. However, recent market pressure from Trump’s tariffs and a Bitcoin slide to $74,000 (CNBC) have dragged meme coins down, with BONK feeling the heat alongside peers like Shiba Inu $SHIB, which lost 5.4% recently.

Technical Breakdown: BONK is testing a critical support at $0.00000970, a level it hasn’t seen since early March. The RSI is hovering near 40, suggesting oversold conditions that could attract dip buyers. A descending triangle breakout on the 12-hour timeframe, as noted in recent posts on X, hints at a potential move to $0.00005 in the short term. Trading volume has dipped, but a spike could confirm a bullish reversal. Resistance sits at $0.00001329 (Cryptopolitan), a 37% jump from current levels.

BONK Story: In late 2023, a trader turned $500 into $1.2 million during BONK’s rally to $0.00005916, fueled by Solana’s post-FTX recovery. They held through volatility and cashed out at the peak—a reminder of $BONK ’s explosive potential.

Strategy: Buy at $0.00000970, set a stop-loss at $0.00000888, and target $0.00001329. If momentum builds, Changelly’s $0.000029 forecast for September 2025 could be in play, offering a 198% gain. Watch for Solana’s ecosystem growth and whale activity—Bonk could be the meme coin to watch this quarter. Let’s ride this wave to the moon, traders! 🚀