Down Memecoin Bonk based in Solana Jumping over 20% earlier this weekBut remains in bullish mode amid increased trader activity.
Bonk climbed 21% in a 24 -hour period to Thursday and positioned itself as the strongest performer in major cryptocurrencies. It was recently -only trade in $ 0.00001673, a 1.68% gain, with a price action from $ 0.00001606 to $ 0.00001751, a 9.4% intraday swing.
The fueling tge momentum is mounted of speculation -haka around a 2x leveraged bonk etf, Includes Tuttle Capital Management confirming July 16 As the earliest potential launch date pending the regulation of regulation.
Adding to Bullish Feelings, Bonk is to cusp of up to 1 million holdersA milestone to trigger a 1 trillion token burn, potential supply collapse and strengthening the reversed pressure. It is currently proud of more than 943,000 holders.
Technically, Bonk is damaged from both falling wedge and symmetrical triangle patterns, indicating a transition from integration -Includes to potential expansion, according to the model of analytical CoinDesk Research.
The analysts point to the firm’s support at $ 0.000013 and resist near $ 0.000018. A successful violation of the above resistance can unlock a potential path to $ 0.0000003372, which represents a possible 100% reversal if held by momentum.
This rally coincides with greater growth in Solana’s ecosystem, including increasing validator participation and infrastructure investment. Through strong grounds, technical support, and speculative -aware catalysts in line, Bonk can be popoised for an extended breakout in the near term.
Technical assessments
- Bonk sank at $ 0.00001751 around 01:00 UTC with a known 1.66B spike volume, establishing a high volume of immunity.
- The price was exchanged with a tight band from 03:00 to 12:00 UTC, a sign of post-rally integration.
- The main support of $ 0.00001627 will be held firm throughout the trade session despite Intrayay’s pullbacks.
- Bonk experienced a sharp 1.5% return at 13:52 UTC in heavy quantities (31.9b)Verification of $ 0.0000164 as close support.
- The resistance forms close to $ 0.000017, tested several times between 02:00 and 06:00 UTC.
- The wider support in the zone remains around $ 0.000013, each macro-level chart pattern.
- Bonk is damaged in both falling wedge formations and symmetrical triangles, usually bullish setups.
- RSI suggests the room for further upside down, with no excess signals that are apparent at current levels.`
Denial: Parts of this article were formed with assistance from AI tools and our editorial team reviewed to ensure accuracy and compliance with our standards. For more information, see CoinDesk’s entire AI policy.
