The post BONK Flashes Buy Signal After Crashing 40% In One Week appeared on BitcoinEthereumNews.com.

Este artículo también está disponible en español. Popular Solana-based meme coin BONK has just flashed a major buy signal following a dramatic 40% price crash over the past week. The TD Sequential indicator, a technical tool for identifying trend exhaustion and price reversals, suggests that the meme coin may be gearing up for a strong rebound to new highs. This could be a prime entry for investors amid the current market downturn.  New Buy Signal Sparks Rebound Hopes For BONK  According to a new report shared by Ali Martinez, a prominent crypto analyst on X (formerly Twitter), the TD Sequential indicator has flashed a ‘9’ buy signal on the BONK daily chart. This buy signal comes after a week of consistent downward pressure that triggered an over 40% crash in the BONK price.  Related Reading Year-to-date, BONK has recorded a 60.4% price gain, driven by bullish market conditions and the increase in demand for meme coins earlier last year. However, CoinMarketCap’s data shows that BONK is on a major bearish trajectory, nearly wiping out all its gains in 2025.  Despite the decline, Martinez suggests that a strong rebound may be on the horizon for BONK. Typically, a ‘9’ TD sequential analysis indicates that a trend may be reaching its limit. In the case of BONK, it signals a potential price reversal from bearish trends.  Martinez’s chart shows a series of bearish black candles that align with BONK’s recent downtrend. The last white candle, which triggered the TD sequential buy signal, suggests that bullish momentum may be building up for the meme coin. For traders, this may indicate a potential buying opportunity if the correct factors and market conditions align.  To provide more clarity, when a cryptocurrency flashes a buy signal on its chart, it often indicates that it might be…

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Filed under: News - @ February 8, 2025 11:25 pm