BONK today news: market crash triggers sharp drop

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Bonk drops 10.00% in volatile session

Highlights

Bonk (BONK) is trading at $0.0000138, well below its short-, medium-, and long-term moving averages, signaling sustained downward technical pressure.
A crypto market crash on October 17, 2025 erased $1.2 billion in value as Bitcoin fell below $110,000, intensifying BONK's losses amid broad altcoin liquidations.
Despite oversold conditions with a daily RSI of 32.4 and a 10.00% price drop today, momentum and volatility indicators point to continued downside risk and limited rebound probability (<20%) for the next five days.

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A sweeping crypto market crash on October 17, 2025 led to a $1.2 billion wipeout in value, with altcoins like BONK pressured by widespread liquidations and profit-taking after Bitcoin dropped below $110,000. Broader macro concerns, such as delayed interest-rate cuts by central banks, weighed on sentiment and helped drain liquidity from speculative assets including meme coins. No company-specific events or regulatory actions directly related to BONK were reported in the available newsflow.

Conflicted signals as trending momentum meets oversold exhaustion

Momentum signals are conflicted. The D1 ADX is strong and supportive of a trend, but MACD and RSI both suggest the trend is downward, with oversold conditions indicated by daily RSI (32.4) and low CCI. BBP confirms sellers dominate, and the Awesome Oscillator remains neutral. Today, BONK slid 10.00% from the previous close without a gap, with the current price near the lower end of the daily range ($0.0000131–$0.0000146). Volatility has been high, with persistent weakness after the open. Momentum and overextended indicators point to sustained selling exhaustion, but the intraday tone remains pressured and there is a clear divergence between momentum (ADX: trending, MACD: sell) and oscillators (oversold).

Downside risk dominates outlook amid low upside probability

For the coming five trading days, the expected range is $0.00001232–$0.00001530. The probability of a price increase is very low (less than 20%), making a move lower much more likely. Baseline scenario: the price drifts sideways and consolidates within the weekly corridor around $0.00001380. Bullish scenario: a reversal above resistance at $0.0000132 could prompt a move toward $0.00001530. Bearish scenario: a drop below support at $0.0000131 would expose the lower boundary near $0.00001232, with momentum signaling further downside risk.

Anton Kharitonov, expert at Traders Union, sees BONK trading under sustained technical pressure, with all major moving averages overhead and little sign of a near-term trend reversal. The recent market-wide crash and macro headwinds have dampened sentiment and drained liquidity, while momentum indicators confirm persistent selling and oversold conditions. Kharitonov remains cautious, noting that the setup favors continued downside unless clear support is reclaimed. "As long as BONK stays below $0.0000132, I see no reason to trust any upside scenario—my stance remains defensive."

Previously it was noted that Bonk remained below key moving averages, reflecting sustained bearish sentiment in the market. Market analysis also showed that oversold conditions deepen as sellers dominate and the strong bearish trend persists.

Source of Data: BONK Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.