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BONK Flashes Buy Signal After Crashing 40% In One Week – Time To Get In?

News Feed - 2025-02-09 08:02:04

Este artículo también está disponible en español.


Popular Solana-based meme coin BONKhas just flashed a major buy signal following a dramatic 40% price crash over the past week. The TD Sequential indicator, a technical tool for identifying trend exhaustion and price reversals, suggests that the meme coin may be gearing up for a strong reboundto new highs. This could be a prime entry for investors amid the current market downturn.  New Buy Signal Sparks Rebound Hopes For BONK 


According to a new reportshared by Ali Martinez, a prominent crypto analyst on X (formerly Twitter), the TD Sequential indicator has flashed a ‘9’ buy signal on the BONK daily chart. This buy signalcomes after a week of consistent downward pressure that triggered an over 40% crash in the BONK price.  Related Reading Bold Prediction: XRP Holders On The Path To Millionaire Status—Analyst 2 days ago


Year-to-date, BONK has recorded a 60.4% price gain, driven by bullish market conditions and the increase in demand for meme coinsearlier last year. However, CoinMarketCap’s data shows that BONK is on a major bearish trajectory, nearly wiping out all its gains in 2025. 


Despite the decline, Martinez suggests that a strong rebound may be on the horizon for BONK. Typically, a ‘9’ TD sequentialanalysis indicates that a trend may be reaching its limit. In the case of BONK, it signals a potential price reversalfrom bearish trends. 



Martinez’s chart shows a series of bearish black candles that align with BONK’s recent downtrend.The last white candle, which triggered the TD sequential buy signal, suggests that bullish momentum may be building up for the meme coin. For traders, this may indicate a potential buying opportunity if the correct factors and market conditions align. 


To provide more clarity, when a cryptocurrency flashes a buy signal on its chart, it often indicates that it might be a good time to enter the market. Steep declines, like the one seen with BONK, are typically regarded as prime buying opportunities. These dips offer low prices, allowing investors to acquire the asset at a discount before a potential rebound.  BONKUSDT onTradingView BONK Slashes Supply By 2 Trillion 


In other news, BONK has recordeda significant milestone, with over 2 trillion tokens permanently removed from circulation. The marketing team behind the meme coin proudly unveiled this monumental achievement on Friday, February 7, highlighting the community’s efforts in reducing BONK’s supplyand inducing scarcity. 


While the massive token burn surprised many members of the BONK community, one user commentedthat large-scale burns such as this would have been more impactful if timed during the bull run, as this could have potentially sparked a stronger price surge for BONK.  Related Reading Final Dip? Dogecoin Correction Could Precede A Record Surge—Analyst 1 day ago


Overall, BONK is still trading sideways, experiencing significant volatility and price decline. The 2 trillion token burn has had no noticeable impact on its price dynamics. However, analysts remain optimisticabout its future price outlook.  


Featured image from The Daily Dot, chart from TradingView

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