Bonk Price Prediction – Is $BONK Headed Back to $2 Billion Market Cap?
The post Bonk Price Prediction – Is $BONK Headed Back to $2 Billion Market Cap? appeared on BitcoinEthereumNews.com.
Despite a volatile month, Bonk is showing signs of renewed strength as it begins to regain investor attention. With a market cap currently sitting at $1.09 billion, the meme coin gained 4% in the last 24 hours, rising from $0.00001399 to $0.00001456 before retracing to its current trading level of $0.00001365. While it remains down by around 34% over the past month, this level of correction isn’t alarming given the broader downturn across the crypto market. Just weeks ago, Bonk was valued closer to $2 billion, so the recent dip reflects a significant but not uncommon contraction in value. However, the emerging uptick in price and market interest over the past few days hints at the possibility of a more sustained recovery. This article explores Bonk’s price prediction and highlights the Solaxy presale as a promising high-potential meme coin alternative. Source – Cryptonews YouTube Channel Bonk Price Prediction Bonk’s price action over the past week reveals a clear descending pattern with multiple attempts to break above short-term resistance near the $0.000016 level. This resistance has been tested several times but remains unbroken, suggesting strong selling pressure around that zone. On the downside, support has formed near the $0.0000130 mark, with a deeper wick briefly dipping as low as $0.0000127, which held as a local bottom. The price is currently consolidating between these two key levels, creating a range-bound environment that could lead to a breakout. If buyers can push the price above the $0.000016 resistance and break out of the descending channel, the projected move could target a 25% gain, placing $BONK around the $0.0000175 level in the short term. However, failure to hold the $0.0000130 support could lead to further downside, potentially revisiting the $0.0000125 zone. Traders should watch for a confluence of bullish signals such as volume spikes…
Filed under: News - @ June 21, 2025 4:19 am