The cryptocurrency BONK, a popular meme coin based on Solana, is currently attracting attention from traders and analysts. Its price is at an important level that may affect future market movements.
Critical Support Zone for BONK
A recent analysis by More Crypto Online, posted on September 4, 2025, highlights a critical state for BONK. According to the analysis, the price needs to hold above $0.0001500 to maintain potential for a bullish move. The support level between $0.0001500 and $0.0001857 has historically acted as a floor, supported by the 61% Fibonacci retracement level.
Volatility in the Cryptocurrency Market
The recent price decline and high volatility in the cryptocurrency market are affecting trading dynamics. Market participants are advised to closely monitor this support level, as a break below could drive prices down to $0.0000500. Economic factors, such as U.S. trade tariffs in Q1 2025, add uncertainties.
Analysts and Community Opinions
Discussions within the community on platform X show cautious optimism among traders. Some users are requesting further technical analysis, while others speculate on potential further declines based on observed trends. The market remains highly volatile, creating both risks and opportunities for players.
The coming days will be critical for BONK, as holding prices above the key support will be the main indicator for future movements. Market participants will be eagerly waiting for further changes and their impact on the price.
