Bonk ($BONK) Crypto Forecast: Down 6.5% Today

What is Bonk?

A cryptocurrency token, BONK, saw a noticeable decrease in value in the market today.

Why is Bonk going down?

BONK crypto is down 6.5% on Jun 12, 2025 5:40

• BONK followed a bearish trajectory while meme coins like SPX6900 showed positive movement, potentially prompting investors to take profits following a period of uptrend.
• The market value competition from alternative meme coins such as FLOKI and WIF might have contributed to the downward pressure on BONK's price.
• It is plausible that internal factors or negative sentiment surrounding BONK triggered the bearish trend, resulting in traders liquidating their holdings.

BONK Price Chart

BONK Technical Analysis

BONK News

SPX6900 Price Forecast: SPX bulls aiming for a new all-time high

SPX6900 (SPX) meme coin trades in green on Thursday following a surge of over 30% so far this week. The meme coin has surpassed other meme coins, such as FLOKI (FLOKI), dogwifhat (WIF), and Bonk (BONK), in market capitalization and reached $1.50 billion.

https://www.fxstreet.com/cryptocurrencies/news/spx6900-price-forecast-spx-bulls-aiming-for-a-new-all-time-high-202506120512

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Bonk Price History

24.04.2025 - BONK Crypto was down 5.9%

• The bearish movement of BONK today could be attributed to the overall negative sentiment in the cryptocurrency market following external factors, causing investors to be cautious.
• Despite the upcoming Golden Cross indicating a potential price rally, the market conditions and external factors seem to have outweighed this bullish signal for BONK.
• The struggle of BONK to hold momentum could be a result of investors shifting their focus to other trending cryptocurrencies, impacting BONK's performance.
• The skepticism towards meme coin launchpads might have also contributed to the bearish movement of BONK as investors reevaluate their trust in such tokens amidst market uncertainties.

23.04.2025 - BONK Crypto was down 7.1%

• The bearish movement of BONK today can be attributed to the broader negative sentiment in the cryptocurrency market following geopolitical uncertainty. This has led to a risk-off attitude among investors, causing a sell-off in riskier assets like meme coins.
• The struggle of BONK to hold momentum amidst the market turbulence and the competition from other cryptocurrencies like Nexchain indicates a lack of strong buying interest and potential profit-taking by traders.
• The saturation of meme coin projects and the growing skepticism towards meme coin launchpads might have eroded trust in BONK, leading to a decline in its price as investors seek more reliable investment opportunities.
• Despite the price analysis suggesting a potential breakout above a certain level, the overall market conditions and lack of positive catalysts seem to have outweighed any bullish momentum for BONK, resulting in today's bearish movement.

28.04.2025 - BONK Crypto was up 5.3%

• Standing out from other memecoins which saw declines, BONK's surge could be attributed to its unique appeal and investor interest.
• The forthcoming Golden Cross for BONK, considered earlier, likely fueled the upward price movement.
• Overcoming local resistance, despite challenges highlighted elsewhere, BONK demonstrated both resilience and a bullish run.
• The positive market sentiment towards BONK, within the larger crypto market context, likely played a role in its significant price surge.

31.04.2025 - BONK Crypto was down 12.1%

• BONK experienced a strong bearish movement today, along with other memecoins like FARTCOIN, PENGU, and WIF, which led losses in the market.
• The market sentiment towards memecoins was negatively impacted, possibly due to concerns related to Bitcoin's influence on the overall crypto market.
• Despite BONK facing downward pressure, there are discussions about the emergence of new meme coins like Punisher Coin, indicating a shift in investor interest within the meme coin sector.
• Investors are closely monitoring BONK's price action as it stalls at local resistance levels, prompting considerations on whether to buy the dip or await further market developments.

23.04.2025 - BONK Crypto was up 9.0%

• Positive technical indicators, including the maintenance of vital support at the 200 EMA and a potential 77% breakout, likely played a role in BONK's bullish movement.
• The breakout from a falling wedge pattern, which generated heightened interest and buying activity for BONK, may have contributed to its recent performance.
• Following a corrective move subsequent to a retracement to the 200 EMA on Solana's network, BONK's bullish momentum was likely further supported.
• Even though not directly linked to BONK, the introduction of licensed toys, apparel, and accessories by Solana Meme Coin Ponke could have increased attention on the Solana ecosystem, ultimately benefiting tokens like BONK.

23.04.2025 - BONK Crypto was up 5.3%

• BONK experienced a strong bullish movement today, potentially driven by positive technical indicators.
• The mention of BONK in comparison to popular meme coins like Dogecoin and Shiba Inu could have attracted investor interest and speculative trading.
• The optimistic outlook for BONK in the summer season might have fueled positive sentiment among traders, leading to the bullish market movement.
• The retrace to the 200 EMA followed by a corrective move targeting a 77% breakout likely contributed to the bullish momentum as traders anticipated potential price appreciation.

23.04.2025 - BONK Crypto was up 5.7%

• The uptrend in BONK's value may be linked to optimistic price evaluations suggesting a potential breakthrough above a critical resistance level.
• The challenges faced by other tokens such as SHIB and the emphasis on meme coin launchpads might have shifted investor focus towards BONK, propelling its upward trajectory.
• Forecasts of an "impulsive move" for BONK in comparison to popular tokens like Dogecoin and Shiba Inu could have stimulated interest in purchasing the token.
• Overall, a blend of technical analysis, market patterns, and analyst outlook likely played a role in BONK's notable bullish movement today.

23.04.2025 - BONK Crypto was up 12.9%

• BONK experienced a strong bullish movement, potentially fueled by positive sentiment and increased interest from investors.
• Discussion on BONK's price analysis and potential breakout above a certain threshold likely contributed to the bullish momentum.
• The overall market sentiment towards meme coins, as indicated by launchpads testing investors, might have also played a role in BONK's upward movement.
• Analysts suggesting a potential 'impulsive move' for a Dogecoin and Shiba Inu contender could have created a ripple effect, benefiting meme coins like BONK as investors seek high returns in the volatile crypto market.

26.04.2025 - BONK Crypto was up 6.1%

• BONK experienced a strong bullish movement today, potentially driven by the upcoming Golden Cross, indicating a possible 77% price rally.
• The stall at local resistance could have triggered some profit-taking, leading to a temporary dip before potential further upside.
• The steady gains of meme coins like BONK and Fartcoin, despite the market headwinds following external factors, suggest resilience and growing interest in these alternative digital assets.
• While BONK struggled to hold momentum alongside SHIB, the mention of Nexchain as the top trending crypto of 2025 might have diverted some attention, but BONK managed to bounce back, showcasing its ability to recover and attract investors looking for returns.

12.05.2025 - BONK Crypto was down 6.5%

• BONK followed a bearish trajectory while meme coins like SPX6900 showed positive movement, potentially prompting investors to take profits following a period of uptrend.
• The market value competition from alternative meme coins such as FLOKI and WIF might have contributed to the downward pressure on BONK's price.
• It is plausible that internal factors or negative sentiment surrounding BONK triggered the bearish trend, resulting in traders liquidating their holdings.

27.04.2025 - BONK Crypto was up 5.3%

• BONK's price surge could be attributed to the anticipation of an upcoming Golden Cross, potentially sparking a 77% price rally.
• The overall positive sentiment towards meme coins like BONK amidst the market volatility might have contributed to its strong upward movement.
• The news about other meme coins like Punisher Coin gaining attention could have indirectly boosted interest in BONK and similar tokens.
• The bearish pressure faced by traditional markets due to President Trump's tariff threats on the European Union may have driven investors towards alternative assets like cryptocurrencies, further propelling BONK's bullish trend.

27.04.2025 - BONK Crypto was down 6.0%

• BONK faced a strong bearish movement as it stalled at local resistance levels, prompting investors to question whether to buy the dip or wait.
• Despite the anticipation of a potential 77% price rally due to an upcoming Golden Cross, BONK struggled to maintain momentum and saw a decline in its value.
• The market turbulence following President Trump's tariff threat targeting the European Union may have contributed to BONK's bearish movement as investors turned cautious amidst the uncertainty.
• While BONK and other meme coins like Fartcoin maintained steady gains, the struggle to hold momentum amidst competition from trending cryptos like Nexchain could have added selling pressure on BONK, leading to its bearish movement today.