BONK Skyrockets 15%+ as Memecoin Mania Fuels Crypto Market Rally
Memecoins are back with a vengeance—and BONK’s leading the charge. The Solana-based token surged over 15% today, riding a wave of speculative frenzy that’s injecting life into the broader crypto market.
Dog coins, serious gains
While Wall Street analysts debate ‘value investing,’ retail traders are flipping dog-themed tokens for double-digit returns. BONK’s rally mirrors earlier meme-driven pumps—volatile, irrational, and (for now) wildly profitable.
Liquidity chases the joke
The memecoin revival suggests traders are rotating out of stagnant blue-chips into high-risk bets. Never mind fundamentals—when the market gets bored, it buys the meme.
The punchline?
These rallies rarely end well. But today, nobody cares. Just ask the ‘Diamond Hands’ crowd now quietly nursing their 2021 NFT portfolios.
Technical Analysis Highlights
- BONK gained 15.08% in 24 hours, moving from $0.00002824 to $0.00003253.
- Full trading range spanned 18.93%, with a high of $0.00003309.
- Resistance at $0.000030000 and $0.000032000 was cleanly broken.
- Immediate resistance now at $0.000033000; next upside target sits at $0.000035000.
- Solid support emerged at $0.000028500 and more recently at $0.000032950.
- Volume surged above 134B tokens during final-hour recovery and breakout.
- BONK rebounded 2.4% from intraday low of $0.00003225.
- Current price: $0.00003343, leading Solana ecosystem tokens in daily gains.
Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
