{"id":364406,"date":"2025-02-01T18:12:46","date_gmt":"2025-02-01T12:42:46","guid":{"rendered":"https:\/\/dripp.zone\/news\/double-bottom-pattern-hints-120-rebound-as-trump-token-triggers-900m-impact-crypto-news\/"},"modified":"2025-02-01T18:16:29","modified_gmt":"2025-02-01T12:46:29","slug":"double-bottom-pattern-hints-120-rebound-as-trump-token-triggers-900m-impact-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/double-bottom-pattern-hints-120-rebound-as-trump-token-triggers-900m-impact-crypto-news\/","title":{"rendered":"Double-bottom Pattern Hints 120% Rebound as TRUMP Token Triggers 900M impact &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>BONK price rose to $0.25 on Friday, up 9% in the last 3 days as bulls regained control after a rut of 7 consecutive losing days last week. While technical indicators showing further upside potential, TRUMP ton<\/p>\n<h2>BONK price rebound begins after week-long losing streak<\/h2>\n<p>BONK price experienced intense volatility as <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/coingape.com\/top-solana-memecoins\/\" target=\"_blank\" rel=\"noopener\">Solana\u2019s memecoin ecosystem<\/a> became a hotbed of speculation this week.<\/p>\n<p>After a sluggish start, BONK bulls regained control towards the weekend, reversing a seven-day losing streak that saw it decline by 30% after Trump\u2019s inauguration.<\/p>\n<figure id=\"attachment_236712\" aria-describedby=\"caption-attachment-236712\" style=\"width: 2888px\" class=\"wp-caption aligncenter\"><noscript><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-236712\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/Screen-Shot-2025-02-01-at-11.54.10-AM.png\" alt=\"BONK price action | BONKUSDT\" width=\"2888\" height=\"1368\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/Screen-Shot-2025-02-01-at-11.54.10-AM.png 2888w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/Screen-Shot-2025-02-01-at-11.54.10-AM-300x142.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/Screen-Shot-2025-02-01-at-11.54.10-AM-1224x580.png 1224w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/Screen-Shot-2025-02-01-at-11.54.10-AM-768x364.png 768w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/Screen-Shot-2025-02-01-at-11.54.10-AM-1536x728.png 1536w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/Screen-Shot-2025-02-01-at-11.54.10-AM-2048x970.png 2048w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/Screen-Shot-2025-02-01-at-11.54.10-AM-150x71.png 150w\" sizes=\"auto, (max-width: 2888px) 100vw, 2888px\"\/><\/noscript><figcaption id=\"caption-attachment-236712\" class=\"wp-caption-text\">BONK price action | BONKUSDT<\/figcaption><\/figure>\n<p>Following a steep 30% decline last week, BONK price bounced back on Wednesday, rising 9% from $0.22 to $0.26 over the past three days.<\/p>\n<p>This recovery signals renewed interest in the token, with traders seizing the opportunity to re-enter the market.<\/p>\n<p>Market sentiment also played a role in this rebound.<\/p>\n<p>With Solana memecoins drawing increased attention, BONK saw renewed optimism despite broader crypto market uncertainties.<\/p>\n<p>As of Feb 1, BONK traders remain watchful for further developments surrounding altcoin ETFs, which could potentially drive up institutional capital towards the Solana ecosystem.<\/p>\n<h2>BONK volumes have plunged 80% since TRUMP token launch<\/h2>\n<p>While major market events\u2014including Trump\u2019s crypto endorsement, memecoin sector volatility, <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/coingape.com\/fed-rate-cut-federal-reserve-keeps-interest-rates-unchanged\/\" target=\"_blank\" rel=\"noopener\">U.S. Fed policies<\/a>, <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/coingape.com\/robert-kiyosaki-predicts-bitcoin-price-crash-with-trump-tariffs-heres-why\/\" target=\"_blank\" rel=\"noopener\">tariffs<\/a>, and the <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/coingape.com\/openai-rolls-out-chatgpt-gov-amid-deepseek-competition-heres-all\/\" target=\"_blank\" rel=\"noopener\">DeepSeek vs OpenAI AI rivalry<\/a>\u2014dominated headlines, BONK has struggled to maintain traction amid Trump-related market shifts.<\/p>\n<p><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/coingape.com\/donald-trump-launches-trump-meme-coin-ahead-of-inauguration\/\" target=\"_blank\" rel=\"noopener\">TRUMP\u2019s meme token launch on January 20<\/a> significantly impacted Solana\u2019s memecoin landscape, triggering volatility and shifting market dynamics.<\/p>\n<p>Within 24 hours of launch, the TRUMP token surged to a $12 billion market cap, overtaking BONK\u2019s dominant position.<\/p>\n<p>While TRUMP has since faced corrections, it still holds a commanding $4.9 billion valuation, dwarfing BONK\u2019s $1.8 billion market cap.<\/p>\n<p>The shift in capital allocation has negatively affected BONK\u2019s market fundamentals, particularly its trading volume.<\/p>\n<figure id=\"attachment_236713\" aria-describedby=\"caption-attachment-236713\" style=\"width: 2502px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-236713\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"BONK Price Daily Trading Volume | Source: Santiment\" width=\"2502\" height=\"1408\" data-lazy-srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/Screen-Shot-2025-02-01-at-11.46.31-AM.png 2502w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/Screen-Shot-2025-02-01-at-11.46.31-AM-300x169.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/Screen-Shot-2025-02-01-at-11.46.31-AM-1224x689.png 1224w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/Screen-Shot-2025-02-01-at-11.46.31-AM-768x432.png 768w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/Screen-Shot-2025-02-01-at-11.46.31-AM-1536x864.png 1536w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/Screen-Shot-2025-02-01-at-11.46.31-AM-2048x1153.png 2048w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/Screen-Shot-2025-02-01-at-11.46.31-AM-678x381.png 678w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/Screen-Shot-2025-02-01-at-11.46.31-AM-150x84.png 150w\" data-lazy-sizes=\"(max-width: 2502px) 100vw, 2502px\" data-lazy-src=\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/Screen-Shot-2025-02-01-at-11.46.31-AM.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-236713\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/Screen-Shot-2025-02-01-at-11.46.31-AM.png\" alt=\"BONK Price Daily Trading Volume | Source: Santiment\" width=\"2502\" height=\"1408\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/Screen-Shot-2025-02-01-at-11.46.31-AM.png 2502w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/Screen-Shot-2025-02-01-at-11.46.31-AM-300x169.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/Screen-Shot-2025-02-01-at-11.46.31-AM-1224x689.png 1224w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/Screen-Shot-2025-02-01-at-11.46.31-AM-768x432.png 768w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/Screen-Shot-2025-02-01-at-11.46.31-AM-1536x864.png 1536w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/Screen-Shot-2025-02-01-at-11.46.31-AM-2048x1153.png 2048w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/Screen-Shot-2025-02-01-at-11.46.31-AM-678x381.png 678w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/Screen-Shot-2025-02-01-at-11.46.31-AM-150x84.png 150w\" sizes=\"auto, (max-width: 2502px) 100vw, 2502px\"\/><\/noscript><figcaption id=\"caption-attachment-236713\" class=\"wp-caption-text\">BONK Price Daily Trading Volume | Source: Santiment<\/figcaption><\/figure>\n<p><a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"http:\/\/Santiment.net\" target=\"_blank\">Santiment<\/a>\u2018s trading volume trends indicate a significant decline in BONK\u2019s liquidity since the TRUMP token launch. On January 19, 1.2 billion BONK tokens were traded. That figure has since plummeted to just 220 million tokens traded on January 31\u2014an 83% drop. This decline suggests waning investor interest in BONK and weakening dominance as the TRUMP token encroaches market share.<\/p>\n<p>A sharp drop in trading volume often signals weaker momentum, making it harder for BONK to sustain significant price gains.<\/p>\n<p>If investor demand remains skewed toward TRUMP, BONK could struggle to break key resistance levels.<\/p>\n<p>Hence, with the $TRUMP token actively encroaching market share, BONK\u2019s recovery may remain slow, despite a bullish media sentiment surrounding Solana-based memecoins.<\/p>\n<h2>BONK Price Forecast: Double-bottom pattern hints $0.57 breakout, but there is a catch<\/h2>\n<p><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/bonk\/\" target=\"_blank\" rel=\"noopener\">BONK price<\/a> forecast charts currently depicts a classic double-bottom pattern, suggesting a potential bullish reversal with a projected breakout target near 0.00005500. However, despite this optimistic formation, bearish pressure remains dominant.<\/p>\n<p>The price is currently trading at $0.000024, struggling to reclaim the VWAP at $0.000026, a critical level that could determine the next directional move.<\/p>\n<p>The failure to break above this dynamic resistance keeps the downside risk elevated, with weak bullish momentum failing to sustain gains.<\/p>\n<figure id=\"attachment_236711\" aria-describedby=\"caption-attachment-236711\" style=\"width: 2880px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-236711\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"BONK Price Forecast\" width=\"2880\" height=\"1376\" data-lazy-srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/Screen-Shot-2025-02-01-at-11.58.06-AM.png 2880w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/Screen-Shot-2025-02-01-at-11.58.06-AM-300x143.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/Screen-Shot-2025-02-01-at-11.58.06-AM-1224x585.png 1224w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/Screen-Shot-2025-02-01-at-11.58.06-AM-768x367.png 768w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/Screen-Shot-2025-02-01-at-11.58.06-AM-1536x734.png 1536w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/Screen-Shot-2025-02-01-at-11.58.06-AM-2048x978.png 2048w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/Screen-Shot-2025-02-01-at-11.58.06-AM-150x72.png 150w\" data-lazy-sizes=\"(max-width: 2880px) 100vw, 2880px\" data-lazy-src=\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/Screen-Shot-2025-02-01-at-11.58.06-AM.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-236711\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/Screen-Shot-2025-02-01-at-11.58.06-AM.png\" alt=\"BONK Price Forecast\" width=\"2880\" height=\"1376\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/Screen-Shot-2025-02-01-at-11.58.06-AM.png 2880w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/Screen-Shot-2025-02-01-at-11.58.06-AM-300x143.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/Screen-Shot-2025-02-01-at-11.58.06-AM-1224x585.png 1224w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/Screen-Shot-2025-02-01-at-11.58.06-AM-768x367.png 768w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/Screen-Shot-2025-02-01-at-11.58.06-AM-1536x734.png 1536w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/Screen-Shot-2025-02-01-at-11.58.06-AM-2048x978.png 2048w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/Screen-Shot-2025-02-01-at-11.58.06-AM-150x72.png 150w\" sizes=\"auto, (max-width: 2880px) 100vw, 2880px\"\/><\/noscript><figcaption id=\"caption-attachment-236711\" class=\"wp-caption-text\">BONK Price Forecast<\/figcaption><\/figure>\n<p>Despite a minor rebound, the recent 9.93% bounce lacks the strong volume required to confirm a sustainable reversal.<\/p>\n<p>The broader trend remains bearish, reinforced by a steep 30% decline over the past seven days.<\/p>\n<p>A decisive close above the VWAP could accelerate momentum toward the psychological barrier of 0.00003426.<\/p>\n<p>Conversely, failure to sustain above 0.00002400 may invite further downside, extending losses to 0.00002128 or lower.<\/p>\n<section class=\"accordion-content mt-4\" id=\"faq\">\n<h2 class=\"mb-4 h3 fw7\">Frequently Asked Questions (FAQs)<\/h2>\n<div class=\"accordion-item\">\n<div class=\"faq-item-content\" style=\"\">\n<p>\n                            \tThe double-bottom pattern projects a bullish breakout to $0.000055, but weak volume and resistance at $0.000026 cast doubt on its near-term viability.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"accordion-item\">\n<div class=\"faq-item-content\" style=\"\">\n<p>\n                            \tThe TRUMP token\u2019s rise diverted liquidity, causing BONK\u2019s trading volume to drop by 83%, weakening momentum and making a breakout harder to sustain.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"accordion-item\">\n<div class=\"faq-item-content\" style=\"\">\n<p>\n                            \tResistance is at $0.000026 and $0.00003426, while support sits at $0.00002128. A failure to reclaim VWAP could lead to further downside pressure.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/section>\n<p>                                <!-- \n\n<div class=\"desktopPostEnd d-on\"><\/div>\n\n --><\/p>\n<div class=\"m-on mobiless\">\n<div id=\"social-section-new\">\n<p>\u2713 Share:<\/p>\n<p>                                  <a rel=\"nofollow\" target=\"_blank\" class=\"social-text_new wp_new\" href=\"https:\/\/api.whatsapp.com\/send?text=https:\/\/coingape.com\/markets\/bonk-price-forecast-rebound-hopes-fade-as-trump-token-drains-900m-bonk-liquidity\/\" target=\"_blank\" style=\"display: block\">  <i class=\"fa fa-whatsapp\"\/><\/a><\/p>\n<div>\n                                <a rel=\"nofollow\" target=\"_blank\" class=\"social-text_new tw_new_logo\" href=\"https:\/\/twitter.com\/intent\/tweet?text=https:\/\/coingape.com\/markets\/bonk-price-forecast-rebound-hopes-fade-as-trump-token-drains-900m-bonk-liquidity\/\" target=\"_blank\"><br \/>\n  <img loading=\"lazy\" decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" class=\"mb-1\" alt=\"coingape\" width=\"30\" height=\"30\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\" class=\"mb-1\" alt=\"coingape\" width=\"30\" height=\"30\"\/><\/noscript><br \/>\n<\/a>\n                                <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"authorBoxnew newauthordesign\">\n<div class=\"author_Ndata d-flex align-items-center mb-2\">\n<div class=\"author_Image\">\n                                           <img loading=\"lazy\" alt=\"\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" data-lazy-srcset=\"https:\/\/secure.gravatar.com\/avatar\/ec36c745ac13558e2dd911177d9a7d40?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" data-lazy-src=\"https:\/\/secure.gravatar.com\/avatar\/ec36c745ac13558e2dd911177d9a7d40?s=200&#038;d=mm&#038;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/ec36c745ac13558e2dd911177d9a7d40?s=200&#038;d=mm&#038;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/ec36c745ac13558e2dd911177d9a7d40?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                  <\/div>\n<p>ibrahim  <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<p>Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>BONK price rose to $0.25 on Friday, up 9% in the last 3 days as bulls regained control after a rut of 7 consecutive losing days last week. While technical indicators showing further upside potential, TRUMP ton BONK price rebound begins after week-long losing streak BONK price experienced intense volatility as Solana\u2019s memecoin ecosystem became [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":364408,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[188,183,185,186,187,184,189,150,182,190],"class_list":["post-364406","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-blockchain-tech","tag-blockchain-technology","tag-crypto-technology","tag-cryptocurrency-technology","tag-metaverse-technology","tag-nft-technology","tag-soul-bound-token","tag-tech","tag-technology","tag-token-technology"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/364406","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=364406"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/364406\/revisions"}],"predecessor-version":[{"id":364409,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/364406\/revisions\/364409"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/364408"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=364406"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=364406"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=364406"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}