Solana-Based Meme Coin BONK Shows Potential Rebound Signal
- BONK experienced a 40% price crash over the past week.
- The TD Sequential indicator flashed a ‘9’ buy signal, suggesting potential trend reversal.
- Year-to-date, BONK recorded a 60.4% price gain before recent declines.
- Over 2 trillion BONK tokens were permanently removed from circulation to induce scarcity.
BONK’s recent price crash and subsequent ‘9’ buy signal suggest a possible rebound, despite ongoing volatility and significant supply reduction efforts. The token burn has not yet impacted its price dynamics significantly.
Source (2.6)https://www.newsbtc.com/altcoin/bonk-flashes-buy-signal-after-crashing-40-in-one-week-time-to-get-in/?rand=52377
