Shanita Kubley tGXi

Whats stopping Bonk ?
😬
$BONK

$BONK
A period of loss on spot
But I believe bonk will rebound soon to cover the losses
#BonkCommunity

Give a Look to $BONK
It's going insane
If $SOL breaks the resistance of 148 $BONK would go to sky

bro wait a bit
It will return the favor

Here’s how the current drop compares to the previous marked downturn when SOL fell to ~$130 and ETH dipped toward $1,800
Solana (~Mar 10–Apr): Hit lows around $130—trading range was $125–$134—before rebounding near $150 .

Ethereum (same timeframe): Dropped toward $1,800–2,000, dipped to ~$1,996 before bouncing above $2,000 .

**Now (June 2025):**

SOL is around $148, down about 6–8% intraday, but hasn't approached the $130 floor seen before.

ETH is trading near $2,490, off roughly 5%, and still well above its prior lows in the $1,800–2,000 zone.

Both remain significantly higher than in the previous crash.

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🧭 Context & Catalysts

Then:

DROPS were largely driven by macro issues, e.g., Trump-era tariff threats and general risk-off moods .

SOL’s memecoin bubble deflated, with declining network activity and revenue .

Now:

Driven by renewed geopolitical tensions (Israel–Iran), mass derivative liquidations, and technical breakdowns (ETH puts, SOL descending triangles).

SOL-specific: declining memecoin activity on platforms like Pump.fun compounding the drop .

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🛡️ Support Levels & Recovery Profiles

Then:

SOL found strong demand around $125–130, then bounced ~20% up to $150+ .

ETH stabilized near $1,996–2,000 before climbing back above $2,200 .

Now:

SOL support likely near $142–145, with the next strong zone around $130—if tested .

ETH support is closer to $2,450–2,500, with deeper support around $2,200 if breakdown continues.
⚖️ Drawdown Comparisons

Coin Then Drawdown Now So Far Downside Potential

SOL ~$150 → ~$125 (~17%) ~$160 → ~$148 (~8%) Could revisit $130 (‑12%) or lower
ETH ~$1,800 → ~$2,500 (~28% from peak) ~$2,650 → ~$2,490 (~6%) Could test $2,450 / $2,200 levels

✅ Summary

Past crash (~Mar–Apr 2025) had deeper and broader pain, especially for ETH (~28% drawdown) and SOL (~17%).

Now, the current pullback is shallower (~6–8%) and prices remain significantly elevated.

Support zones held then and may again now—around $130 for SOL, $2,450–2,500 for ETH.