The price of BONK has fallen below its key support level of $0.000015, triggering increased trading activity and sparking speculation about a potential rebound. While caution is warranted, some optimism persists that the coin might recover. The volatility of meme coins was highlighted by this break, with high trading volumes indicating market focus on BONK despite no official statements from its community-driven team. Analysts suggest that while speculative interest remains high, current financial models hint at a potential short-term bearish outlook for BONK. This aligns with historical trends observed in meme coins, which frequently experience dramatic drops followed by recoveries. Market analysts are attributing the recent price drop to typical trading cycles in the volatile meme coin space, and emphasize that without any official roadmap updates from the decentralized BONK team, community discussions remain active on its fluctuating performance.