Bonk Price Prediction: Bonk Breaks Key Support at $0.0000145—Is a Deeper Correction on the Horizon?
The post Bonk Price Prediction: Bonk Breaks Key Support at $0.0000145—Is a Deeper Correction on the Horizon? appeared on BitcoinEthereumNews.com.
After weeks of sideways trading and brief rallies, Bonk crypto has taken a bearish turn, breaking below its critical support level at $0.0000145. After weeks of sideways trading and brief rallies, Bonk crypto has taken a bearish turn, breaking below its critical support level at $0.0000145. As of June 22, 2025, Bonk is trading at $0.00001368, down 4.63% in 24 hours. This decisive move through a previously strong support zone has left investors wondering: Will Bonk rise again, or is a deeper correction looming? Bonk Price Analysis: Support Breach Sparks Caution Bonk’s recent dip below the $0.0000145 mark invalidates what many traders viewed as a crucial foundation for a short-term bullish reversal. The Bonk price chart had consistently shown a range-bound pattern between $0.0000130 and $0.0000160, with multiple failed attempts to clear resistance at the upper end. Bonk (BONK) was trading at around $0.00001368, down 4.63% in the last 24 hours at press time. Source: Brave New Coin Technical analysts had flagged the $0.0000145 zone as a convergence of key indicators—including the 61.8% Fibonacci retracement level, historical price support, and trendline intersection. The breakdown below this zone now casts doubt on the near-term Bonk price prediction, shifting market sentiment from cautiously optimistic to defensive. “If this support fails to hold, BONK could revisit the $0.0000125 zone,” warned an analyst in a recent report, referencing both momentum and volume dynamics. BONK Technical Analysis: Indicators Flash Mixed Signals While BONK RSI indicators have climbed from oversold territory to neutral, suggesting the bearish momentum may be slowing, this is yet to translate into a convincing price recovery. Momentum indicators like the Commodity Channel Index (CCI) and TD Sequential have shown early signs of potential reversal setups, but follow-through remains elusive. This setup signals a potential BONK accumulation zone at $0.0000136–$0.0000142, with breakout…
Filed under: News - @ June 21, 2025 9:18 pm