- BONK and WIF have seen steep lossesâdown 40% and 52%, respectivelyâamid a ten.8% drop within the total meme coin market cap.
- WIF is nearing vital help at $0.97, whereas BONK dangers testing $0.0000199, with additional declines potential if bearish momentum persists.
- A possible restoration may see WIF retest $1.37 and BONK intention for $0.000028, although each require stronger shopping for stress to reverse their downtrends.
The once-buzzy Solana meme cash BONK and WIF have been caught in a downward spiral, mirroring the broader collapse within the meme coin sector. WIF has dropped close to $1âits lowest level in eight monthsâwhereas BONK faces vital help ranges as its Exponential Shifting Averages (EMA) proceed to flash bearish indicators.
Each tokens have skilled steep declines: BONK has tumbled 40%, and WIF has cratered by 52% previously month. Though a broader market restoration may spark a turnaround, present indicators recommend additional draw back dangers stay.
Meme Coin Sector in Disaster: BONK and WIF Hit Arduous
The complete meme coin market has taken a extreme hit, with complete market cap plunging by 10.8% previously 24 hours, now sitting at $90 billion.
Solana-based meme cash, specifically, are going through unprecedented stress. All the chainâs high 9 meme tokens have posted losses each on a every day and weekly foundation. Amongst them, BONK and WIF are among the many hardest hit. Regardless of their latest setbacks, they continue to be two of the most important Solana meme cashâBONK with a $1.6 billion market cap and WIF holding $1 billion.
Apparently, each tokens have been overtaken by TRUMP, which has now claimed the highest spot amongst Solana-based meme cash.
WIF Value Prediction: Testing Key Help
At the moment buying and selling close to $1, WIF finds itself at a crossroads. After failing to interrupt the $1.37 resistance, the tokenâs EMA traces recommend continued bearish momentum. Analysts warn that if the worth breaches $0.97 help, it may tumble additional, doubtlessly testing $0.90.
Nonetheless, if the broader market recovers and shopping for stress will increase, WIF might have a shot at regaining misplaced floor. A transfer above $1.22 may pave the way in which for a retest of $1.37, and a breakout past that degree would possibly propel the worth to $1.64 and even $1.99ârepresenting a potential 91% acquire from present ranges.
BONK Value Prediction: Approaching November Lows
BONKâs value motion mirrors WIFâs troubles. Its EMA traces stay in a bearish alignment, with short-term averages buying and selling under long-term onesâa sign that the downtrend might proceed. Ought to this pattern persist, BONK may quickly take a look at $0.0000199, and a breakdown may ship the token as little as $0.000017, marking its lowest value since November 2024.
On the flip aspect, a restoration would possibly see BONK problem resistance at $0.0000225. If a breakout happens, additional good points towards $0.000028 and probably $0.0000398 may comply with, signaling a possible reversal and rally.
Ultimate Ideas
The meme coin sector, significantly on Solana, stays underneath intense stress as BONK and WIF wrestle to search out stability. Each tokens want a robust shift in sentiment and broader market restoration to regain momentum. Till that occurs, additional declines may nonetheless be on the desk. Merchants are conserving a detailed eye on key help and resistance ranges, as any breakout or breakdown will possible set the tone for the subsequent main value motion.