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BONK Price Forecast – Why BONK Could Soon Rally to $0.00001552 Despite Tariffs 

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Highlights:

  • Bonk bounces off critical support as the broader market pumps
  • Rally could see BONK hit $0.00001552 resistance short-term
  • The rally could be triggered by a continuation of the Bitcoin pump

BONK js is in the green today, up by 3.21%, and will trade at $0.00001241. BONK trading volumes have also soared to $194 million, a staggering 164% rise. This could be an indicator that investors are turning bullish on BONK again.

The sharp spike in BONK’s price can be traced to Bitcoin’s rise. Bitcoin has surged before the upcoming US tariffs on multiple countries today. Some analysts believe this pump could indicate that the cryptocurrency market could benefit. 

Tariffs Might Act as a Catalyst for BONK

Should investors begin to see Bitcoin as a protective asset against economic uncertainty, volatile meme coins like BONK that tend to rally with the market may perform exceptionally well.

An alternative viewpoint discusses the possibility that the most negative impact the tariffs could impose on crypto has already been factored into the price. Zach Pandl, the head of research at Grayscale, contends that the markets might have already adjusted to the possible negative outcome. If this is true, announcing the impending tariff could instead initiate a rally.

Pandl expresses that tariffs have already removed 2% from economic growth in the current year. But he asserts a strategically crafted tariff announcement may calm financial markets. “If we see an announcement that is tough but phased and focused on the 15 countries they seem to be targeting, I expect that markets will rally on that news,” he said on CoinDesk. If this scenario unfolds, crypto markets may focus on the industry’s core fundamentals, which undeniably remain strong. The Impact of Tariffs on Cryptocurrency in The Long Term 

Aside from the immediate price movements, Pandl thinks that tariffs might hasten the adoption of alternative currencies such as Bitcoin. He claims that nationalistic sentiments and economic strife erode the U.S dollar’s supremacy, stroking a digital assets vacuum. Bitcoin could take up this, a factor that could trigger a rally across the cryptocurrency market, including meme coins like BONK. 

BONK Could Go Parabolic If Bitcoin Rallies

The announcement of the tariffs could make BONK one of the primary beneficiaries, driving further gains with the anticipated crypto market pump. During bullish periods, meme coins tend to surmount Bitcoin due to excessive community support and a surge in speculative interest. With increasing trading volumes, investors hope to reinforce this pattern.

Technical Analysis – BONK Rebounds Off Multi-Day Support

Bonk is sending bullish signals after bouncing off critical multi-day support at $0.00001111. If bulls sustain this momentum, the key level to watch would be the monthly resistance at $0.00001552.

bonk
Source: TradingView

If bulls push BONK through the $0.00001552 resistance, then BONK could eliminate a zero from its price in the short term. However, if the tariff news triggers a cryptocurrency selloff, and BONK loses the $0.000001111, the price could drop to the $0.0000096 monthly support. 

Recap

As the markets brace themselves for the anticipated tariffs announcement later today, investors are monitoring the response of cryptocurrencies like BONK. It remains unclear if the tariffs will prove detrimental or unexpectedly beneficial for digital assets, but for now, BONK traders are filled with optimism. This could indicate that the adverse effects of the tariffs have been priced in and that the markets are headed for a rally.

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