BONK and BRETT Holds Crucial Support After Major Decline – An Accumulation Opportunity?
Date: Thu, March 13, 2025 | 11:49 AM GMT
The cryptocurrency market has faced a massive downtrend since the highs of late 2024, with major altcoins and memecoins experiencing steep declines. Ethereum (ETH), for example, has dropped by over 50% in the past 90 days, falling from its December peak of $4,000 to its current level of $1,900. This downturn has added immense pressure across the broader market.
Among the hardest-hit memecoins , Bonk (BONK) and Brett (BRETT) have suffered significant losses, with BONK down by 72% and BRETT plummeting by 82%. Now, both tokens have approached key support levels, raising the question: Could this be an accumulation opportunity?

Bonk (BONK) Analysis
BONK’s weekly chart highlights months of consistent downtrend since its rejection from the ascending trendline on November 18 at $0.000062. This rejection led to a sharp correction, bringing the price down to a low of $0.0000091 at a crucial support zone.

Currently, BONK is trading at $0.00001067, holding above this historical support level, which previously acted as a strong rebound zone. The MACD indicator is showing signs of a potential reversal, with decreasing bearish momentum and the possibility of a bullish crossover.
If BONK can maintain this level, a relief bounce toward the 25-day moving average (MA) could trigger a short-term recovery. A breakout above this MA might push the price toward the next resistance zone at $0.000036.
Brett (BRETT) Analysis
BRETT has mirrored BONK’s price action, facing a steady decline after getting rejected from the ascending trendline on November 25 at $0.23. Since then, the token has undergone a major correction, testing a low of $0.025 at a strong support zone.

Now, BRETT is trading at $0.031, holding above this support area, which has previously triggered significant rebounds. The MACD indicator is beginning to show signs of a slowdown in bearish momentum, hinting at a possible trend reversal.
If BRETT can hold above this level, a relief rally toward the 25-day MA could confirm a short-term recovery. Breaking above this MA resistance could pave the way for a push toward the next key resistance level at $0.16.
An Accumulation Opportunity?
While both BONK and BRETT remain under strong bearish pressure, their ability to hold above key support zones suggests the potential for a reversal. The MACD indicators for both tokens are weakening in bearish strength, hinting at a possible shift in momentum.
As long as these critical support levels hold, traders and investors might see this as an opportunity to accumulate, anticipating a possible rebound in the coming weeks. However, a decisive breakdown below these levels could open the doors for further downside.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before making any investment decisions.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Navigating Crypto Volatility: How Bitcoin and Altcoins Influence Your Trading Choices
Understanding the Impact of Market Volatility on Crypto Trading: A Look at the Risk and Reward in Bitcoin and Altcoins


Crypto Whales Bought These Coins in the Second Week of March 2025
Crypto whales have been active in accumulating BTC, PEPE, and ENS this week, signaling potential price movements despite recent market fluctuations.

James Howells Loses Appeal to Dig Up Landfill for $675 Million Bitcoin Hard Drive
James Howells has faced years of legal setbacks in his attempt to recover 8,000 lost Bitcoins from a Newport landfill. Despite offering millions, he now plans to approach the European Court of Human Rights.

Trending news
MoreCrypto prices
More








