BONK Surges 60% – Can the Meme Coin Rally Continue?

by Ouess

BONK, the Solana-based meme coin, has exploded 60% in just seven days, fueled by ETF hype and technical bullish signals. But with momentum driving the move, can it break through key resistance at $0.00002840?

Why BONK Is Gaining Traction

BONK netflow 30D Source : Arkham

🔹 Supply Crunch: More BONK is leaving exchanges than entering (bullish accumulation)
🔹 Elder Ray Index Turns Positive: Buyers are back in control
🔹 Golden Crossover Looming: 50-day EMA about to cross above 200-day EMA (a classic bullish signal)

Key Price Levels to Watch

BONK price Source : TradingView

✅ Support:

  • $0.00001806 (breakout validity)
  • $0.00001435 (wedge failure level)

✅ Resistance:

  • $0.00002389 (immediate hurdle)
  • $0.00002577 (next test)
  • $0.00002840 (major breakout zone)

A clean break above $0.00002840 could send BONK toward $0.00003670—with little resistance in between.

The Big Question: Will the Rally Hold?

While the technicals look promising, BONK’s surge is still largely sentiment-driven. If the Golden Crossover confirms and ETF hype builds, we could see another leg up. But if momentum fades, a retest of support levels is likely.

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