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Cryptocurrency News Articles

BONK Price Action: Liquidity, Reaction, and the Promise of More

May 01, 2025 at 06:55 pm

BONK Price Action: Liquidity, Reaction, and the Promise of More

In the last article, we left off with BONK setting up for a move.

Liquidity was sitting below — plain as day — on the 4H chart.

And what did BONK do?

It dropped.

But not all the way.

Price didn’t fully sweep the liquidity as we expected. Instead, it reacted at a demand zone just before it.

Like a boxer faking left then stepping back, that bounce told us something: buyers were waiting earlier than most expected. A smart move.

Now, price has finally swept liquidity and is reacting at a supply zone. But hold up… there’s still liquidity sitting above.

Translation? We’re not out of the storm yet.

If price starts pushing through this supply with strength, it’s likely headed to clean out what’s sitting up there. And trust me, the market loves to do that. Especially when everyone’s comfortable.

But — and here’s where I keep it honest — price could just as easily fake out and drop again. This isn’t chess; it’s poker. You’re playing probabilities, not certainties.

Let’s take a breath here and talk about the project itself. Because BONK isn’t just some random meme trying to ride Dogecoin’s tailwinds.

BONK is the first dog-themed meme token built on the Solana blockchain.

Yes, Solana, not Ethereum. So we’re talking ultra-low fees, lightning-fast transactions, and an ecosystem that’s been quietly gaining serious traction.

The project started with a community-first airdrop back in 2022, targeting Solana developers, NFT holders, and active wallets. No insider game here; BONK’s goal was simple: bring fun and decentralization back to crypto.

Now, it’s used in tipping, payments, and even NFTs. Some Solana-based projects have integrated BONK directly into their platforms.

Not bad for a Shiba-faced coin that many wrote off as “just for laughs.”

I’ve said this before, and I’ll say it again: BONK is a wild one. It moves quickly, whips harder than most coins, and loves to mess with clean levels. That’s why I never go all-in on one single idea.

Right now, it’s showing us where the battle is happening — between this current supply and the liquidity above. Stay sharp. Stay ready. Because when BONK moves, it doesn’t send you an invite — it just goes.

Original source:bitcoinsensus

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