Memecoin Bonk, based in Solana, retreated after jumping more than 20% earlier this week, but remains in upward mode in a greater activity of the merchant.
Bonk increased 21% in a 24 -hour period until Thursday and positioned itself as the best performance among the main cryptocurrencies. Recently it was quoted at $ 0.00001673, a gain of 1.68%, with a price share that ranges from $ 0.00001606 to $ 0.00001751, an intradic and 9.4%swing.
Fueling TGE momentum is increasing speculation around an ETF Bonk leveraged 2x, with Tuttle Capital Management confirming on July 16 as the earliest potential launch date waiting for regulatory approval.
In addition to the upward feeling, Bonk is on the cusp of reaching 1 million headlines, a milestone that will trigger a burn of 1 token trillion, potentially reducing the supply and amplifying the rising pressure. It currently has more than 943,000 headlines.
Technically, Bonk has freed both wedge patterns and symmetrical triangles, indicating a transition from consolidation to the possible expansion, according to the analytical model of Coindesk Research.
Analysts point to a company support at $ 0.000013 and resistance about $ 0.000018. A successful violation above this resistance could unlock a potential path towards $ 0.00003372, which represents a possible 100% upward if the impulse is maintained.
This rally coincides with broader growth in the Solana ecosystem, including a greater participation of validator and investment in infrastructure. With solid foundations, technical support and speculative catalysts aligned, Bonk could be ready for an extended break in the short term.
TECHNICAL ANALYSIS
- Bonk reached its maximum point at $ 0.00001751 around 01:00 UTC with a remarkable volume peak of 1.66b, establishing a high volume resistance zone.
- The price was negotiated in a narrow band from 03:00 to 12:00 UTC, pointing out the consolidation after the rally.
- Key support at $ 0.00001627 remained firm during the negotiating session despite intra -intradic setbacks.
- Bonk experienced a strong 1.5% investment at 13:52 UTC in heavy volume (31.9b)Validating $ 0.0000164 as short -term support.
- The resistance is formed about $ 0.000017, tested several times between 02:00 and 06:00 UTC.
- The broader support zone remains around $ 0.000013, due to macro level graphics.
- Bonk has left wedge formations and symmetrical triangles, typically bullish configurations.
- RSI suggests space for more rise, without obvious exaggeration signs at current levels.
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