Bonk Defies Market Slump: Why This Meme Coin Could Rally Back to $0.000025

While 'serious' investors panic-sell blue-chips, Bonk (BONK) meme coin is flashing bullish signals amid the crypto winter.

Can the dog-themed token claw its way back to its $0.000025 glory days? Here's why degens aren't laughing.

Market Psychology at Play

Meme coins thrive on two things: viral momentum and trader desperation. Bonk checks both boxes as bored whales rotate profits from stagnant majors.

Technical Resilience

The chart shows stronger support levels than most 'utility' tokens - ironic for an asset created as a joke.

Liquidity Game

With centralized exchanges listing BONK pairs to capture retail flow, the pump infrastructure is already in place. Just don't ask about fundamentals.

As always in crypto: the dumber the trade, the smarter the entry. Bonk's 2023 bull run proved memes have longer legs than VC-backed 'Web3 solutions'.

— BONK!!! (@bonk_inu) July 2, 2025

The countdown is getting close to hitting that mark, as it stood at 943,479 as of July 2. This token burn will account for a bit more than 1% of BONK’s circulating supply and could contribute to keeping the price afloat despite the latest downtrend.

BONK Breaks Its Descending Price Channel with Big Volumes

Looking at the daily chart, the price action broke its descending price channel decisively just a few days ago and this breakout was accompanied by above-average volumes, which is a positive sign that confirms the trend line’s relevance to market participants.

The 9-day exponential moving average (EMA) has crossed above the 21-day EMA as well. This is a technical buy signal known as a ‘golden cross’ that tends to anticipate big gains.

Now, the key resistance to watch for BONK in the near term WOULD be the 200-day EMA, which currently stands at $0.00002000 – also a key psychological threshold.

Momentum indicators show that the uptrend has gained strength as the Relative Strength Index (RSI) has moved above the mid-line after crossing above its 14-day moving average.

Using the height of the price channel as a reference to estimate how significant BONK’s gains could be after this breakout, a first target could be set at $0.00002500 in the NEAR term as long as the price breaks above the 200-day EMA.

Apart from Bonk, many other meme coins in the Solana ecosystem offer significant upside potential. Especially those that are still flying under the radar, as those can be fetched at very low prices before they jump to the spotlight and deliver 10X or even 100X gains.

However, with thousands of meme coins being launched every day,Meme snorter, a Solana trading bot that snipes the most promising tokens. This project’s crypto presale is one of the hottest of the year and here’s why.

Snorter (SNORT) Scans the Solana Ecosystem to Spot the Best Opportunities

Snorter (SNORT) is designed to monitor Solana DEXs and platforms like Pump.fun to identify the most promising meme coins that can offer sizable gains to early buyers.

This trading bot offers low commissions, the possibility of setting limit orders to lock in gains and the most advantageous entries, and protection against MEVs, rug pulls, and scams.

Its architecture allows it to operate in multiple other chains, including ethereum (ETH) and the BNB Chain (BNB), to help investors expand their portfolios to other ecosystems as well.

Early buyers of this meme coin will reap the highest upside potential by taking advantage of its presale price of $0.0971.

To buy $SNORT, head to the Snorter website and connect your wallet. You can either swap USDT or ETH for this token or use a bank card to invest.

Buy Snorter Here

The post Best Meme Coin to Buy: Bonk Stands Tall During Downtrend – Can It Make It Back to $0.000025? appeared first on icobench.com.