BONK Flashes Buy Signal After Crashing 40% In One Week

Name	Symbol	Market	Market Cap ($)	Algorithm
Solana	SOLUSD	Crypto	94,214,795,658	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Solana

SOLUSD

Crypto

94,214,795,658

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.460	0.23%	200.85	200.85	200.86

Price Change

Price Change %

Current Price

Bid Price

Offer

0.460

0.23%

200.85

200.86

High Price	Low Price	Open Price	Prev. Close	52 Week Range
205.10	195.95	201.51	200.39	- - -

High Price

Low Price

Open Price

Prev. Close

52 Week Range

205.10

195.95

201.51

200.39

- - -

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	04:57:11	0.003211	200.85	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

04:57:11

0.003211

200.85

USD

Price x Volume	Volume	Base Symbol	Related Pairs
50,541,019.33	251,103.44	SOL	SOLEUR	SOLGBP	SOLBTC

Price x Volume

Volume

Base Symbol

Related Pairs

50,541,019.33

251,103.44

BONK Flashes Buy Signal After Crashing 40% In One Week – Time To Get In?

08/02/2025 11:00pm

NEWSBTC

Popular Solana-based meme coin BONK has just flashed a major buy signal following a dramatic 40% price crash over the past week. The TD Sequential indicator, a technical tool for identifying trend exhaustion and price reversals, suggests that the meme coin may be gearing up for a strong rebound to new highs. This could be a prime entry for investors amid the current market downturn. New Buy Signal Sparks Rebound Hopes For BONK According to a new report shared by Ali Martinez, a prominent crypto analyst on X (formerly Twitter), the TD Sequential indicator has flashed a ‘9’ buy signal on the BONK daily chart. This buy signal comes after a week of consistent downward pressure that triggered an over 40% crash in the BONK price. Related Reading: Bold Prediction: XRP Holders On The Path To Millionaire Status—Analyst Year-to-date, BONK has recorded a 60.4% price gain, driven by bullish market conditions and the increase in demand for meme coins earlier last year. However, CoinMarketCap’s data shows that BONK is on a major bearish trajectory, nearly wiping out all its gains in 2025. Despite the decline, Martinez suggests that a strong rebound may be on the horizon for BONK. Typically, a ‘9’ TD sequential analysis indicates that a trend may be reaching its limit. In the case of BONK, it signals a potential price reversal from bearish trends. Martinez’s chart shows a series of bearish black candles that align with BONK’s recent downtrend. The last white candle, which triggered the TD sequential buy signal, suggests that bullish momentum may be building up for the meme coin. For traders, this may indicate a potential buying opportunity if the correct factors and market conditions align. To provide more clarity, when a cryptocurrency flashes a buy signal on its chart, it often indicates that it might be a good time to enter the market. Steep declines, like the one seen with BONK, are typically regarded as prime buying opportunities. These dips offer low prices, allowing investors to acquire the asset at a discount before a potential rebound. BONK Slashes Supply By 2 Trillion In other news, BONK has recorded a significant milestone, with over 2 trillion tokens permanently removed from circulation. The marketing team behind the meme coin proudly unveiled this monumental achievement on Friday, February 7, highlighting the community’s efforts in reducing BONK’s supply and inducing scarcity. While the massive token burn surprised many members of the BONK community, one user commented that large-scale burns such as this would have been more impactful if timed during the bull run, as this could have potentially sparked a stronger price surge for BONK. Related Reading: Final Dip? Dogecoin Correction Could Precede A Record Surge—Analyst Overall, BONK is still trading sideways, experiencing significant volatility and price decline. The 2 trillion token burn has had no noticeable impact on its price dynamics. However, analysts remain optimistic about its future price outlook. Featured image from The Daily Dot, chart from TradingView

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SOLUSD Solana