Bonk registered a solid recovery on July 24, winning 6.5% at value of $ 0.0000335 at $ 0.0000357 during the 24 -hour window that ends 14:00 UTC.
The Meme token based in Solana recovered from a fall prior to $ 0.0000311, registering a negotiation range of 18% before closing their maximum daily. The price action was fed by the renewed institutional interest and the growing traction throughout the Bonk ecosystem.
The recent Solana developer proposal to increase the size of the block by 66% has injected a new impulse in the Bonk market, reinforcing the uprising trajectory of the Token of Meme. As the solana network scale to accommodate the growing demand, Bonk, built natively in the block chain, benefits directly from the improved performance and the lowest latency.
This infrastructure update indicates the long -term confidence in Solana’s capacity to admit high volume applications such as the Bonk Letbonk platform, which has already captured 64% of the Meme Token Launchpad market.
The negotiation volume exceeded the 2.1 billion tokens during the key recovery phases, with obvious accumulation patterns in the support zone of $ 0.000032. In particular, the price rose to the resistance at $ 0.000037 before finding a profit sale to consolidate around $ 0.0000363.
In the midst of a broader rotation of the cryptocurrency market, Bonk’s yield stood out when institutional investors and retail participants revolved to alternative assets. The sustained up token impulse of the Meme and the expanding public services base suggest resilience as market participants seek exposure to greater beta assets during periods of macroeconomic uncertainty.
Technical analysis
- Bonk quoted between $ 0.0000311 and $ 0.0000363, marking an intradic and 18%swing.
- Strong support confirmed about $ 0.000032; The resistance solidified about $ 0.000037.
- The volume exceeded 2.1 billion tokens during the recovery and rupture phases.
- The institutional accumulation was visible during key falls during the session.
- The increase in the late session volume of 39 billion tokens occurred between 13: 58–14: 01 UTC.
- The trade was reduced to a 3% band ($ 0.000035– $ 0.000036) in the final analysis time.
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