{"id":8285,"date":"2025-08-19T21:46:08","date_gmt":"2025-08-19T21:46:08","guid":{"rendered":"https:\/\/bitunikey.com\/news\/bonk-price-breaks-key-support-retracing-45-since-mid-july-peak\/"},"modified":"2025-08-19T21:46:15","modified_gmt":"2025-08-19T21:46:15","slug":"bonk-price-breaks-key-support-retracing-45-since-mid-july-peak","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/bonk-price-breaks-key-support-retracing-45-since-mid-july-peak\/","title":{"rendered":"BONK price breaks key support, retracing 45% since mid-July peak"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">BONK price risks sliding toward $0.000015, but an upcoming 1 trillions token burn and growing institutional treasury interest could contain the selloff and fuel a major rally.<\/p>\n<div id=\"cn-block-summary-block_99e7fdff6b5260fe593fecd3f5d42dae\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>BONK price has retraced roughly 45% from its mid-July peak of $0.00004075, recently breaking the $0.000023\u2013$0.000025 support flip zone, with the 100-day SMA acting as the final line of defense.<\/li>\n<li>Bonk plans to burn 1 trillion tokens once it reaches 1M holders.<\/li>\n<li>Safety Shot has allocated $25 million in BONK to its treasury, making it the second publicly announced institutional holder after Everything Blockchain\u2019s MemeStrategy spin-off.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>After rallying to a peak of\u00a0$0.00004075 in mid-July, Bonk (BONK) price has retraced by roughly\u00a045%, now trading near\u00a0$0.0000223. Importantly, the key\u00a0support\u2013resistance flip zone at $0.000023\u2013$0.000025\u00a0was lost a few days ago \u2014 a huge bearish development as the former horizontal resistance failed to hold as support.<\/p>\n<p>Adding to the downside pressure, BONK price has slipped below the\u00a050-day SMA, while the\u00a0RSI continues to drift toward oversold territory. The\u00a0100-day SMA\u00a0now serves as the final line of defense, with BONK price currently testing this level. A breakdown here would significantly increase the risk of a deeper decline toward\u00a0$0.000015, a key level which also coincides with the ascending trendline from April.<\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">Source: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/chart\/skYOuuO6\/?symbol=BINANCE%3ABONKUSDT\" target=\"_blank\">TradingView<\/a><\/figcaption><\/figure>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">BONK price: a buy-the-dip moment?<\/h2>\n<p>However, there\u2019s a silver lining to this bearish technical picture. The team <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/bonk_inu\/status\/1957563139781767317\" target=\"_blank\">announced<\/a> today that they will burn\u00a01 trillion BONK tokens\u00a0once the memecoin reaches\u00a01,000,000 holders, significantly cutting its circulating supply. According to <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/solscan.io\/token\/DezXAZ8z7PnrnRJjz3wXBoRgixCa6xjnB7YaB1pPB263\" target=\"_blank\">Solscan<\/a>, the holder count is currently\u00a0974,838, which is\u00a0only 2.52%\u00a0(25,162 holders) shy of the 1M milestone.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The Dog is going to burn 1,000,000,000,000 <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24BONK&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\">$BONK<\/a> when it reaches 1,000,000 holders<\/p>\n<p>Just in case you weren\u2019t aware <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/t.co\/ATWDAhXdeZ\" target=\"_blank\">pic.twitter.com\/ATWDAhXdeZ<\/a><\/p>\n<p>\u2014 BONK!!! (@bonk_inu) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/bonk_inu\/status\/1957563139781767317?ref_src=twsrc%5Etfw\" target=\"_blank\">August 18, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>In addition to upcoming token burns, BONK has another major bullish catalyst. Safety Shot, a Nasdaq-listed company known for its patented beverage that rapidly reduces blood alcohol content, recently announced that the company is allocating $25 million in BONK tokens to its treasury. This makes Safety Shot the second publicly announced treasury to hold BONK, following MemeStrategy\u2019s initiative by Everything Blockchain, which aims to build a public portfolio of memecoins including BONK, PEPE, and SPX6900.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>BONK price risks sliding toward $0.000015, but an upcoming 1 trillions token burn and growing institutional treasury interest could contain the selloff and fuel a major rally. Summary BONK price&hellip;<\/p>\n","protected":false},"author":1,"featured_media":330,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-8285","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/8285","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=8285"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/8285\/revisions"}],"predecessor-version":[{"id":8286,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/8285\/revisions\/8286"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/330"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=8285"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=8285"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=8285"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}