Stock Price of BONK Drops Below Crucial Support Level: Is There Enough Buying Power to Prevent a 23% Plunge?
In a bearish turn of events, the cryptocurrency BONK has broken down from a critical support level at $0.00002393, potentially leading to a broader decline towards the nearest support level of $0.00001835 [1]. If this support level fails to hold, BONK may continue on a downward trajectory, intensifying investor losses over the coming weeks.
Recent price predictions and market analyses suggest that BONK is expected to decline further, potentially reaching around $0.000015 by August 31, 2025, which would represent a roughly 23% drop from recent levels [2]. This pessimistic outlook is reinforced by the failure to hold above critical support points such as $0.000019 and $0.000018, combined with negative sentiment indicators suggesting bearish momentum [2].
However, there was some conflicting analysis earlier in August 2025, which indicated a bullish breakout above a $0.000025 resistance level [1]. This optimistic view was supported by technical indicators such as the RSI moving out of oversold territory and positive MACD crossover, suggesting momentum could build towards $0.000050 if sustained. This analysis noted increased volume and breakout patterns typical of a price recovery.
Despite these early bullish signals, more recent data and forecasts favour a downtrend or at best, a fragile uptrend with limited gains if broader market conditions do not improve and risk asset confidence remains weak [4]. The price decline observed over the past month (-41.54%) and the modest daily losses further underscore the heightened risk of losses continuing [2].
Technical Signals
The Relative Strength Index (RSI) has weakened, plunging below the neutral zone to a reading of 39.61, signalling fading momentum and confirming that sellers now outweigh buyers, putting additional pressure on prices [3]. The Money Flow Index (MFI) also shows consistent liquidity outflows, currently at 50.97 at press time [3]. If this reading slips into negative territory, BONK's decline could intensify further in the coming weeks.
Market Context
The overall volatility and weakness in the meme-coin and risk asset sectors weigh on BONK's recovery potential [4]. Market liquidity continues to weaken, with increasing liquidity outflows [3].
Investor Caution
Given these indicators, investors should be cautious as they suggest BONK is facing intensifying losses after breaking key support levels, despite earlier bullish hopes. A rebound for BONK is possible, but our website's analysis suggests that a further breakdown in the days ahead cannot be ruled out. BONK's recent strong gains could now erase a significant portion of those profits.
[1] [Source 1] [2] [Source 2] [3] [Source 3] [4] [Source 4]
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