Bonk Price Prediction: BONK Plummets 15% In A Week As Traders Pivot To This Meme Coin Rival Before It’s Too Late
The Bonk price has plummeted 15% in a week and 3% in the last 24 hours to trade at $0.00003564 as of 10:05 p.m. EST as traders start to dump their holdings in the meme coin. Along with the drop in the BONK price in the last 24 hours, yesterday’s trading activity around the crypto is also 34% less than the volumes recorded the day before. Bonk Price Resting On A Key Support 4-hour chart for BONK/USD (Source: GeckoTerminal) GeckoTerminal data shows the Bonk price dropped below the key support at $0.00003874 in the last 24 hours, and is now resting on the next crucial technical safety net at $0.00003380. Losing the $0.00003380 support could expose the meme coin to the risk of dropping even further in the following few hours. Conversely, the Bonk price rebounding from the $0.00003380 point in the coming 12 hours might mark the end of the bearish move. However, BONK will first need to overcome a short-term negative trend line that has emerged on its charts before it can begin t...