BONK Soars Over 15% as Memecoin Momentum Lifts Broader Crypto Market

BONK surged 18.2% implicit the past day, breaking decisively done aggregate absorption levels to settee astatine $0.00003343 - its highest terms successful months.

The rally comes amid renewed optimism successful crypto markets, with altcoins starring a complaint that saw full marketplace capitalization borderline higher connected the backmost of rising unfastened involvement and method momentum.

From July 15 astatine 11:00 UTC done July 16 astatine 10:00 UTC, BONK appreciated by 15.08%, climbing from $0.00002824 to $0.00003253 earlier peaking astatine $0.00003309.

The Solana-based memecoin posted a series of higher highs and higher lows, punching done absorption astatine $0.000030000 and $0.000032000 arsenic traders rotated into high-volatility assets, according to CoinDesk Research's method investigation information model.

The determination coincided with BONK’s inclusion connected Grayscale’s organization surveillance list, a milestone that further legitimizes the memecoin successful the eyes of broader marketplace participants.

Technically, BONK’s momentum remained beardown adjacent during volatile periods. In the last hr of the session, the token pulled backmost to $0.00003225 astatine 09:45 UTC earlier bouncing sharply connected measurement spikes exceeding 134 cardinal tokens, lifting it to $0.000033034. New short-term enactment has formed astatine $0.00003295.

With sentiment improving crossed the altcoin scenery and BONK showing some measurement and terms leadership, the token present appears poised to situation the $0.000035000 level - a intelligence obstruction that could unfastened country for further upside if the broader rally continues.

Technical Analysis Highlights

• BONK gained 15.08% successful 24 hours, moving from $0.00002824 to $0.00003253.
• Full trading scope spanned 18.93%, with a precocious of $0.00003309.
• Resistance astatine $0.000030000 and $0.000032000 was cleanly broken.
• Immediate absorption present astatine $0.000033000; adjacent upside people sits astatine $0.000035000.
• Solid enactment emerged astatine $0.000028500 and much precocious astatine $0.000032950.
• Volume surged supra 134B tokens during final-hour betterment and breakout.
• BONK rebounded 2.4% from intraday debased of $0.00003225.
• Current price: $0.00003343, starring Solana ecosystem tokens successful regular gains.

Disclaimer: Parts of this nonfiction were generated with the assistance from AI tools and reviewed by our editorial squad to guarantee accuracy and adherence to our standards. For much information, see CoinDesk's afloat AI Policy.