BONK Price Dips Ahead of Governance Vote, Key Support Level Tested

The price of BONK, the popular Solana-based meme coin, has experienced a decline as the community approaches a significant governance vote. This downward movement is testing a crucial technical support level that traders are closely monitoring. Market analysts suggest that the upcoming vote on the future direction of the BONK project is creating uncertainty, leading to short-term selling pressure. The asset's ability to hold above the identified support zone is seen as critical for its near-term price trajectory. The outcome of the governance proposal could determine whether BONK stabilizes at current levels or faces further volatility.