Bonk is trading around $0.00002023, reflecting continued volatility in the meme-coin market. The token has faced downward pressure due to profit-taking and fading speculative interest, but strong community support and its close ties to the Solana ecosystem keep it in focus for many investors.For on-demand analysis of any cryptocurrency, join our Telegram channel.Bonk Crypto Next TargetPrice: $0.0000202324-Hour Trading Volume: $343.6 millionCirculating Supply: ~77 trillion BONKTotal / Max Supply: ~88 trillion BONKMarket Cap: Estimated based on circulating supply and pricePrice has pulled back to a robust support area of $0.000020 and 200 SMA, which is also where it broke out from Falling Wedge pattern. That’s a solid trade entry area, with +25% potential upside to $0.000025 (PT). Stop Loss at $0.000018. Buy NowKey Indicators & Market SignalsBONK has underperformed the broader crypto market, posting a weekly decline of over 24%.Resistance is forming near $0.00002130, while support is holding around $0.00001990 to $0.00002000.High trading volume with limited price movement suggests accumulation or consolidation rather than a breakout.Technical sentiment remains mixed as earlier hype around token burns and ecosystem updates has cooled.Latest News HighlightsBONK’s recent price dip is linked to delayed ETF approvals and a decrease in meme-coin speculative interest.Whale selling has contributed to additional downward pressure on the price.Analysts caution that BONK’s correlation with other meme coins like DOGE and SHIB increases its downside risk during broader market corrections.For on-demand analysis of any cryptocurrency, join our Telegram channel.IMX Crypto – Ultimate Token Price AnalysisCoinbase Lawsuit Alleges Unauthorized Transfers of FundsJapan’s FSA Extends Deadline For FTX Japan To Return Customer FundsBest Translation APIs EVER! | Dive NOW!