BONK Price Forecast: After 45% losses in 14-days, Here’s what to expect
BONK price forecast chart below shows a 45% decline over the past 14-days, placing the token in a precarious position, currently hovering around $0.000018 level.The daily chart reveals a steep downtrend, with price action trapped beneath the 50-day and 200-day simple moving averages (SMAs), which sit at $0.00002689 and $0.00002914, respectively. The continued rejection from these levels suggests a persistent bearish grip. A breakdown below $0.000017 could open the door to further downside, potentially dragging BONK toward $0.000015.Momentum indicators reinforce the bearish case. The MACD histogram deepens into negative territory, while the MACD line remains well below its signal line, indicating worsening selling pressure. Unless a bullish divergence emerges, BONK’s downward trajectory could persist. However, if buyers defend the $0.000017 support and push price back toward the 50-day SMA, a relief rally could be in play. A decisive close above $0.000026 would invalidate the bearish outlook, shifting momentum in favor of bulls. Until then, bears retain control.Frequently Asked Questions (FAQs) BONK faces strong resistance at $0.000026 and $0.000029. A breakout above these could signal a shift in momentum. Macroeconomic concerns and risk-off sentiment have triggered sell-offs across Solana’s memecoin market, leading to double-digit losses. Yes, if overall market sentiment shifts bullish, BONK could attempt a recovery, targeting key resistance levels at $0.000026 and $0.000029. Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.