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Bonk Price Forecast: BONK Breaks Below Support – What Occurs When Sellers Exhaust Their Supply?
BONK has experienced a decline of 42% over the last month, but today’s rebound from crucial support may signify a pivotal moment for the Solana-based token – igniting renewed interest in a bullish Bonk price forecast.
Meme coins as a category have faced significant challenges recently, falling 37% after President Trump unexpectedly imposed 100% tariffs on imports from China.
Nonetheless, BONK might be among the first to bounce back.
While its price has decreased, so has the selling pressure – and its robust community, ongoing token burns, and practical applications distinguish it from others.
The token’s LetsBonk.fun launchpad has now become Solana’s third-largest, boasting $2 billion in volume over the past 30 days and nearly 12% of the market share.
Transaction fees generated from the launchpad are utilized to burn BONK, enhancing long-term scarcity and amplifying the impact of each rebound.
Bonk Price Forecast: BONK Could Surge 112% If It Rebounds From This Level
Analyzing the daily chart, BONK has reached a critical support level at $0.00001150.
The last occasion the token approached this level, it rebounded significantly, yielding gains of 231% in under a month.
While history may not repeat itself, it often shows similar patterns. If buying momentum increases as BONK revisits this level, a notable rise could be anticipated moving forward.
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The market may have overreacted to last week’s remarks from Federal Reserve Chair Jerome Powell.
If it begins to recover from this juncture, BONK could potentially rise to at least $0.000025, indicating a 112% upside potential.
The Relative Strength Index (RSI) would need to begin rising above the 14-day moving average and surpass the mid-line to validate a bullish perspective.
In addition to Bonk, a new crypto presale named Maxi Doge ($MAXI) has been attracting hundreds of thousands of dollars from investors to launch a community-focused token that fully embodies the “up only” mentality typical of bull markets.
Maxi Doge ($MAXI) Unites Traders and Raises $4M In The Process
Maxi Doge ($MAXI) captures the essence of Dogecoin while incorporating the excitement associated with leveraged trading. This meme coin fosters a community of retail traders who enjoy taking bold positions — the type that characterize crypto bull markets.
By holding $MAXI, users gain access to a vibrant community where they can exchange strategies, insights, and setups with fellow ‘degens’.
The initiative will also feature weekly challenges such as Max Gains and Max Ripped, where top achievers earn recognition and special rewards.
Additionally, through the Maxi Fund, up to 25% of the presale’s proceeds will be allocated to the most promising tokens of the cycle, with the profits reinvested in marketing to elevate Maxi Doge to viral status.
To purchase $MAXI and participate in the surge, visit the official Maxi Doge website and connect your wallet (e.g. Best Wallet).
You can either exchange USDT or ETH for this meme coin or opt to use a bank card instead.
Buy $MAXI Here.
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