What happened?
BONK has fallen back to a crucial 6-month support trendline and is now retesting the $0.000019 psychological level. Despite the price drop, the top 100 BONK wallets added about 3.80 trillion tokens over the past week, signaling whale accumulation. Technicals like the RSI nearing oversold and the MACD shifting toward a bullish cross suggest a possible bounce, but a breakdown would confirm a deeper correction.
Who does this affect?
This matters to retail traders and meme-coin speculators who chase volatile rallies, and to whales and large holders whose buying is changing token distribution. Institutional players and ETF issuers like Rex-Osprey could be impacted if new SEC listing rules fast-track spot BONK ETP approvals, altering demand dynamics. Exchanges, liquidity providers, and projects in the meme-coin ecosystem (including presales like Maxi Doge) also feel the effects as capital rotates into or out of these assets.
Why does this matter?
If BONK holds the support, it could trigger a buy-the-dip move that—by technical targets—points toward a potential 425% rally to $0.0001, though heavy resistance sits at $0.00004075 and the all-time high near $0.000062. A break below the trendline would likely cause a deeper correction and dent speculative appetite across meme coins. On the macro side, expected Fed rate cuts and faster ETF approvals could push more capital into risk-on assets, amplifying volatility, liquidity flows, and the next meme-coin breakout.