BONK Price Plummets as Meme Coin Loses Critical Support Level, Testing Key Market Lows

The cryptocurrency BONK has experienced significant downward momentum as the popular meme token breached crucial technical support levels. Market analysts observe BONK testing important price floors amid increased selling pressure across meme coin sectors. Technical indicators suggest continued bearish sentiment as trading volume spikes during this decline phase. The breakdown below established support zones signals potential further downside risk for BONK holders and meme coin enthusiasts monitoring this volatile asset class.