BONK Flashes Buy Signal After Crashing 40% In One Week
Popular Meme coins based on Solana The main buy signal has just flashed after the 40% price crash over the past week. TD Sequence Metrics, a technical tool for identifying trend exhaustion and price reversals, suggesting that meme coins may be Prepare for a strong rebound Go to a new high. For the current market downturn, this may be the main entry for investors.
New buy signal spark rebound hope bonk
According to the new Report Shared by Ali Martinez, a well-known crypto analyst on X (formerly Twitter), the TD sequence indicator flashed the “9” purchase signal on the Bonk Daily chart. this Purchase signal After a week of continuous downward pressure, more than 40% of the currency price was triggered.
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Graduate, Bonk The demand for meme coins Earlier last year. However, CoinMarketCap data suggests that Bonk is Main bearish trajectoryalmost all profits for 2025 were eliminated.
Despite the decline, Martinez believes that Bunker may have a strong rebound. Usually, a ‘9’TD order Analysis shows that the trend may reach its limit. In Bunker’s case, it marks Potential price reversal From a bearish trend.
Martinez’s chart shows a series of bearish black candles, with Bunker’s recent downward trend. The last white candle that triggered the TD sequential buying signal indicates that bullish momentum may be strengthening for the meme coins. For traders, this may indicate potential buying opportunities if the right factors are consistent with market conditions.
To provide more clarity, when cryptocurrencies flash buying signals on their charts, it usually indicates that this may be a good time to enter the market. Steep drops, like those seen with Bunker, are usually seen as Major purchasing opportunities. These drops offer low prices, allowing investors to buy assets at discounted prices before a potential rebound.
Bonk Slashes supply 2 trillion
In other news, Bonk has Record An important milestone, over 2 trillion tokens are permanently taken from the loop. The marketing team behind Meme Coin proudly unveiled this great achievement on Friday, February 7, highlighting it Community efforts to reduce Bunker supply and cause scarcity.
While the huge token burn surprised many members of many Bunker community, one user Comment Such a massive burn would be more influential if it was timed during the bull run, as this could trigger a stronger Bunker’s price surges.
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Overall, Bonk is still trading sideways, experiencing significant volatility and price drops. The burning of 2 trillion tokens has no obvious impact on its price dynamics. However, analysts still exist Optimistic About its future price prospects.
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