Key takeaways
BONK is one of the best performer among the many high 50 cryptocurrencies by market cap.
The memecoin might rally above $0.000032 if market circumstances persist.
BONK surges 10%, outperforms different memes
BONK, the native token of the Bonk memecoin, is one of the best performer among the many high 50 cryptocurrencies by market cap. The token added 10% to its worth within the final 24 hours and now trades at $0.00002326 per coin.
The token’s constructive efficiency is primarily pushed by the surge in exercise on LetsBonk, a not too long ago developed token launchpad. For months, Pump.enjoyable dominated the Solana token launchpad house. Nevertheless, the story has modified as Pump.enjoyable misplaced market share to LetsBonk, which some individuals name Bonkfun. As of this writing, LetsBonk now holds 55% of the entire launchpad market share.
🚨 @bonk_fun now instructions 55% of complete launchpad market share, whereas Pumpfun falls beneath 35% https://t.co/AkuzZ1TJVq pic.twitter.com/N2hBgS5b0B
— The Solana Put up (@thesolanapost) July 7, 2025
BONK targets $0.00003265, with sturdy assist at $0.00002062
The BONK/USD 4H chart is extraordinarily bullish because of the token’s ongoing rally. The technical indicators recommend additional upward motion. The pair is presently environment friendly, suggesting that BONK has swept liquidity to the draw back in anticipation of an upward rally.
Following the 46% surge final week with a wedge sample breakout, BONK’s bullish begin this week targets the very best value in Might. A day by day shut above the $0.00002218 might see BONK goal the $0.00002581 degree, the inception level of the falling wedge sample.
Within the occasion of an prolonged rally, BONK might check the $0.00003265 degree for the primary time since January 2025.
The RSI of 81 means that BONK is presently within the overbought area, whereas the MACD traces are firmly within the constructive zone, suggesting a shopping for stress. A rising pattern within the inexperienced histogram bars signifies rising uptrend momentum.
Nevertheless, if BONK fails to carry the assist degree above $0.00002218, it might retest the 50% Fibonacci degree at $0.00001734 within the coming days.
