- Bonk proclaims 2.02 trillion token burn: The BONK crew revealed plans to burn a large variety of tokens to scale back provide and enhance shortage, marking the top of the BONKDragon occasion and the celebration of the 2025 Lunar New Yr.
- Worth stays caught regardless of the burn: BONK’s worth has dropped 28.73% prior to now week and is at the moment buying and selling at $0.000018, trapped in a descending channel with weak demand and bearish momentum.
- Bearish outlook persists: Technical indicators, together with the MACD, present continued promoting strain. If BONK fails to interrupt resistance at $0.000023, it dangers additional declines to $0.000012 with out elevated demand.
The Bonk (BONK) crew has unveiled plans to burn 2.02 trillion tokens, a transfer geared toward lowering provide and boosting shortage. The announcement was made through the venture’s official X account. Nonetheless, regardless of the burn information, BONK’s worth has remained largely stagnant, reflecting broader market pressures linked to current political tensions round U.S. commerce wars.
BONK Worth Plunges, Burn Technique in Focus
Earlier this week, BONK’s worth dropped to $0.000016 earlier than barely recovering to $0.000018. But, the token remains to be down 28.73% over the previous seven days and stays 70% under its all-time excessive.
To handle considerations about oversupply, the crew introduced at 3:26 AM UTC that it might take away 2.02 trillion tokensfrom circulation. This burn marks the conclusion of the BONKDragon occasion and in addition celebrates the 2025 Lunar New Yr.
“As a part of the BONKDAO dedication to sustaining tokenomics, the council has recognized 2.02 trillion BONK as the subsequent burn occasion, celebrating the top of the BONKDragon marketing campaign and the 2025 Lunar New Yr,” the crew acknowledged.
Nonetheless, this effort has but to reignite investor confidence. The worth stays trapped inside a descending channel, making a sample of decrease highs and decrease lows on the 4-hour chart.
Worth Evaluation: BONK Faces Bearish Momentum
BONK’s technical outlook continues to sign bother. The memecoin is buying and selling inside a descending triangle on the every day chart, with key help at $0.000018. This sample means that sellers are sustaining management, particularly with demand for BONK remaining weak.
Moreover, the Transferring Common Convergence Divergence (MACD) indicator has entered unfavorable territory, reinforcing bearish momentum. If BONK fails to interrupt above the triangle’s higher trendline, it dangers falling additional to $0.000012.
Potential Situations: Correction or Reversal?
For BONK to flee its present downtrend, a surge in demand could be required. If momentum turns bullish, the value may rally towards $0.000030. Nonetheless, for this to occur, the token should first overcome resistance at $0.000023 and validate a breakout.
Till then, BONK could stay range-bound between $0.000016 and $0.000019, with bears firmly accountable for the market path. Buyers are holding a detailed eye on upcoming worth motion to find out whether or not the burn occasion will finally drive a restoration—or if the memecoin stays caught in a protracted stoop.