Bonk’s Epic Struggle: Will it Make a Comeback Next Week or Continue to Crash? 🐕🚀

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Ah, Bonk. The dog-themed token that seemed to have a little too much bark and not enough bite this week. The Solana-based meme coin just wiped out nearly 14% of its value in the last seven days. It’s almost like watching your dog run in circles for hours, only to trip over its own paws at the finish line. Classic Bonk.

Yet, hold on to your leashes, because some indicators are still wagging their tails, hinting at possible gains next week. Could the underdog find its way back into the green? Only time will tell, but for now, let’s dive in, shall we?

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Bonk Price Forecast

Bonk (BONK), with a market cap of over $1.436 billion, took a little tumble last week. Seems like even the best dogs need a nap after a sprint, right?

While analysts have been barking about capital shifting from larger market cap tokens to smaller cryptos, Bonk’s price didn’t quite keep up with the pack. Meanwhile, blue-chip DeFi tokens like Dogwifhat (WIF) were running laps around it. How rude.

BONK’s price slid 14% in the last week after it had a pretty stellar month with nearly 60% gains. Now it’s time for the hangover.

Looking at the daily and weekly price charts, it’s like trying to read a dog’s mood from its tail wag: mixed signals. The MACD indicator is barking a bullish tune on the weekly chart, suggesting some positive momentum. Meanwhile, the RSI is sitting at 48, a nice cozy middle ground where the coin can go either way. This could go either way, folks. Tension’s in the air.

At the time of writing, BONK is trading at $0.00001875. The closest resistance is at $0.00002039 (that’s the level it has to beat to even think about a comeback). The closest support is at $0.00001572, in case Bonk decides it needs a pit stop in the lower zones.

The daily chart has a bit of a negative vibe, like when you realize you forgot to feed the dog. A correction seems likely over the weekend. But once Bonk collects some liquidity, it could rise up again like a dog who’s been given a treat. If it rallies, it could hit resistance levels at $0.00002039 and $0.00002581.

Just keep an eye on the daily price chart. If RSI goes upwards or the MACD flashes green, it might be time to start wagging your tail.

On-Chain and Derivatives Analysis

Let’s talk about the state of Bonk’s digital doghouse. According to Santiment, transaction volume and social dominance for Bonk took a nosedive last week. It’s like when no one talks about your dog at the party anymore—sad, but not the end of the world.

Transaction volume shows how much activity Bonk has across exchanges, while social dominance shows how much it’s being mentioned on social platforms like X. With these metrics slipping, it’s possible that BONK holders have become a little bored. But hey, maybe this is a good sign. No new selling pressure means Bonk might just be resting before another leap. Let’s not count it out yet.

Now, if we’re talking derivatives, things are looking a little dicey. Coinglass shows that there was a large amount of long liquidations in the past 24 hours—over $251,000 in long positions were liquidated. A bit of a shocker, right? That’s a lot of investors trying to find their balance.

But don’t worry, traders on OKX are still holding out hope. The long/short ratio is sitting at 1.81. So, while some might be running for cover, others are still betting on Bonk to take a leap forward. Time to get your popcorn ready and watch the show.

Top Catalysts Driving Gains in BONK

What’s this? A ray of sunshine for Bonk? Apparently, there’s a huge announcement that could turn the tide. Bonk has partnered with DeFi Development Corp, a Nasdaq-listed firm, for the launch of its meme coin validator. Yes, you heard that right—a Nasdaq-listed company is teaming up with a meme coin. Welcome to the future, folks.

1/ Let’s BONK ❗️❗️❗️

Today, we’re announcing a historic partnership with @bonk_inu, Solana’s premier community memecoin with +920K holders and +400 integrations!

Together, we’re launching the first-ever public company x memecoin validator on Solana. 🧵

— DeFi Dev Corp. (@defidevcorp) May 16, 2025

Let’s break it down. This is the first time a publicly-listed company and a meme coin have teamed up. The partnership could expand validator coverage and support the growth of BONKSOL, a community-run Liquid Staking Token. Essentially, this is Bonk’s attempt to prove that meme coins can play with the big dogs. And if this pilot works, it could lay the groundwork for future collaborations between meme tokens and public companies.

So, grab your snacks and watch closely. Bonk might just be barking its way back to the top. Or not. Either way, it’s one heck of a ride.

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2025-05-18 16:39