BONK slipped below its critical $0.000015 support, triggering a fresh wave of selling, yet increasing volume and early accumulation hints suggest a rebound could be in play. Traders are now closely watching for signs of a stabilisation to potentially drive the token back toward recent highs.
BONK fell approximately 2.4 % to around $0.00001488 after its key support level at ~$0.000015 gave way. A surge in trading volume — about 38 % above average — indicates market participants are actively reacting to the move. On one hand, the break of support signals weakness and invites risk of further downside; on the other, the heightened volume and the appearance of dip buyers suggest a potential turning point.
Technically, the asset formed a lower high pattern ahead of the breakdown, pointing to weakening momentum beforehand. What matters now is the ~$0.00001475 level, which analysts have flagged as a near-term inflection point: if BONK can hold above it, the groundwork for a rebound is more credible. If it fails, deeper downside could follow. The current consolidation near ~$0.00001488 appears to reflect accumulation rather than capitulation — a subtle but important distinction.
Support breach and rebound potential in focus
For bullish traders, the narrative hinges on a two-step process: first, holding above the ~$0.00001475–$0.00001488 support zone; second, reclaiming the ~$0.00001500 threshold which could lead to short covering and a bounce toward the ~$0.00001520 range. While this may seem modest, in meme-coin terms these micro-levels often unlock outsized moves given leverage and sentiment dynamics.
However, risks are prominent. Meme coins remain highly volatile and sentiment-driven; a failure to break back above resistance, or a broader market slump, could bring sellers back aggressively. More so, the psychology around “support broken” often triggers stop-loss cascades and further volatility. For now, though, BONK’s structure remains intact at a longer-term level, leaving open the possibility of a short-term recovery if the right signals emerge. In summary: the token’s breakdown is a warning, but the volume behaviour and current stabilisation suggest the rebound scenario is live — just not guaranteed.
