Key Takeaways
BONK’s 70% rally mirrors Bonk.fun’s payment surge and token buybacks. Can long-term conviction and alternate outflows push the Solana meme past its April ceiling?
Bonk [BONK] has surprised the market with a 70% worth leap over the previous 10 classes, outshining majors like Bitcoin and Dogecoin.
However what’s fueling this Solana-based meme coin’s momentum—and might it final?
Why is the BONK worth rising?
This exceptional worth uptick was probably pushed by a current shift in total market sentiment, a breakout above the descending trendline, and most significantly, the explosive progress of the Bonk.fun launchpad.
Over the previous week, it logged six consecutive days with charges over $1 million, peaking at $1.27 million on the eleventh of July, in accordance to DeFiLlama. In complete, the platform generated $7.93 million in simply seven days.
Supply: X (Previously Twitter)
In accordance to a crypto skilled/influencer, 58% of those charges go towards shopping for again BONK—injecting regular demand, whereas many merchants haven’t but priced on this structural tailwind.
This isn’t Bonk.fun’s first second.
Simply days in the past, AMBCrypto reported that Bonk.fun had flipped Pump.enjoyable in day by day income, launch volumes, and Solana-based token deployments.
On the time, Bonk.fun claimed 61% of the overall 24-hour launchpad income—clearly cementing its lead.
Nevertheless, this sturdy progress has already pushed the memecoin to a key degree with a historical past of worth reversals, elevating issues a couple of potential worth decline.
BONK retests resistance with warning within the air
At press time, BONK hovered close to $0.00002508, climbing over 13% in 24 hours and clocking a 160% spike in buying and selling quantity.
This notable worth achieve by the memecoin has even outperformed main cryptocurrencies like Bitcoin [BTC] and Dogecoin [DOGE].
Naturally, this burst of momentum has introduced BONK again to a well-known battleground—the $0.00002626 resistance degree.
It’s the identical zone the place, again in April 2025, BONK surged after breaking a descending trendline solely to reverse shortly after.
This time, the memecoin has once more damaged out of an analogous descending trendline and reached the identical degree, which is now elevating the query whether or not historical past repeats itself this time, or it breaks by means of this key resistance?
Supply: TradingView
Given the present market sentiment, if the continued momentum continues and the general construction stays unchanged, BONK’s worth might simply escape of this resistance degree.
If that occurs, there’s a sturdy chance that the worth might soar by 37% and attain the $0.0000364 degree. However, if it fails to escape, historical past might repeat itself and the worth might dip once more.
At press time, BONK was buying and selling above the 200-day Exponential Shifting Common (EMA), which means that the asset is in an uptrend.
In the meantime, the Relative Energy Index (RSI) stood at 70, indicating that the asset has entered overbought territory, which might probably lead to a short-term worth correction if shopping for momentum weakens.
$1.90M tokens depart exchanges
Regardless of being in overbought territory, buyers and long-term holders nonetheless seem to be accumulating the meme coin.
Knowledge from CoinGlass revealed that exchanges throughout the crypto panorama have recorded an outflow of over $1.88 million value of BONK at press time, indicating potential accumulation.
Supply: CoinGlass
This outflow from exchanges recommended that purchasing strain from buyers and long-term holders stays sturdy, which seems to be a bullish signal for BONK holders.
