In the crypto market today, Bonk Coin ($BONK ) has given investors a big shock. In the last 24 hours, BONK's price recorded a significant drop of about 10%, increasing fear among small and new investors.

This question is now going viral on social media—

Is this decline temporary or has Bonk started a major downtrend?

Current status of Bonk Coin

According to Coingecko, Bonk Coin is currently:

  • Current price: ₹0.0007818

  • 24-hour drop: 10%

  • Trading volume: increased by over 90% in the last 24 hours

→ This means there is sharp activity in the market, and if selling increases, the drop could become sharper.

RSI 14

RSI is around 32, which indicates:

  • The trend is still bearish

  • The coin is near the oversold zone

  • There is still a possibility of new sellers coming in

According to experts from Cryptohindinews, there is pressure on BONK in the short term. Let's understand what the reason behind such a significant drop is.

Why did Bonk Coin drop? Learn the main reasons

1. Impact of the $Upbit hack

$SOL related security breach news has spread fear throughout the market. This has directly impacted BONK and selling has intensified.

2. $MEME the craze for the coin is diminishing

After a strong rally in 2024, many major memecoins have fallen over 80%. This has weakened confidence in the entire memecoin sector.

3. Weakness on the technical chart

BONK has broken its critical support level, increasing the risk of further declines.

However, Bonk's strong community and its connection to the Solana ecosystem may give it a chance for recovery in the long term. But risk management is essential before investing.

Negative momentum persists, sellers' grip is strong

According to TradingView:

RSI — 32

→ Near the oversold zone, meaning buyers may return soon

CCI — -109

→ Signs of selling ending, reversal is near

MACD — near the zero line

→ Possibility of a bullish cross in the coming time

BONK is trading around the last support, so there is a possibility of a bounce in the short term—but these are just technical signals.

Bonk Coin Price Prediction in INR

BONK is currently experiencing sharp fluctuations. Recent drops have been due to security-related news and weak market sentiment.

Still, experts believe that if activity on the Solana network increases and the memecoin trend resurfaces, BONK could make a comeback.

Bullish Scenario

If:

  • Solana network is active

  • Memecoin trend comes back

  • Market sentiment improves

So Bonk Coin price could recover from ₹0.0007 to ₹0.0009.

Bearish Scenario

If:

  • Selling pressure continues

  • Security fears have not diminished

  • Interest in memecoins among people has remained low

So BONK's price could break from ₹0.0007 to ₹0.0005.

👉 Check the link for BONK Price Prediction 2026 in INR.

Disclaimer

This article is for informational purposes only. The crypto market is highly volatile. Be sure to do your own research before any investment.

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