- The memecoin fell 5.31%, but 24h trading volume rose 6.89%, suggesting active investor interest.
- A 12.06% volume-to-market cap ratio highlights healthy liquidity and market engagement.
- The analysis shows BONK broke a descending trendline, indicating a potential bullish reversal.
As meme coins continue to shake up the crypto landscape, BONK is making headlines once again this time for its intriguing mix of short-term volatility and bullish signals. Despite a dip in price over the last 24 hours, rising trading volumes and technical breakout patterns suggest that may be gearing up for a potential trend reversal. Sparking renewed interest among traders and market watchers alike.
In the latest market update, BONK is trading at $0.00001205, marking a 5.31% decline over the past 24 hours. The market capitalization of BONK maintains a substantial value at $946.62 million but demonstrates a 5.30% decrease relative to previous daily performance. The price has cut down during a wider market decline from its peak at $0.00001272 and then rose slightly during the trading session closure.
The memecoin’s trading volume surged to $114.42 million during the day, showing a 6.89% upward change compared to the previous period, while the price fell. Indicators show that investor enthusiasm continues strong as some holders possibly switch positions or conduct speculative trading. The token marketplace is conducting at a ratio of 12.06%, indicating its ability to maintain high liquidity, together with active ecosystem involvement.
Source: Coinmarketcap
Analysts Spot Bullish Reversal as BONK Tests Key Support
BONK’s total and maximum supply both hover around 88.8 trillion, with 78.51 trillion currently in circulation. At present, the fully diluted valuation of BONK stands at $1.07 billion. Due to its 71% profile score and its website and whitepaper access tokens, the project maintains its visible presence to stakeholders. Market observers maintain continuous observation of BONK price movements to determine whether temporary market restoration.
According to UNKNOWN TRADER, the chart analysis shared on April 15, 2025, suggests a potential bullish setup for the cryptocurrency $BONK. After its major price decline, broke out above its descending trendline, which reveals an emerging trend reversal according to unknown trader analysis.
A bullish accumulation strategy should be executed near 0.000010498 and 0.000009500 support zones according to the analyst’s marked areas. The forecast shows several possibilities where the price might first drop to the support levels before recovering to rise up. An analysis of the coin indicates moderately optimistic price projections for BONK over the short-term period.