Like Bitcoin
Hovers near a fresh all the time high, the Solana-based Memecoin, Bonk, leads the big altcoin rally.
The wave coincides with renewed optimism in risk assets after Bitcoin’s recovery over $ 110,000, which has triggered widespread gains across established cryptocurrencies.
Bonks Momentum seems to be sustainable as several crypto analysts express Bullish mood with reference to a significant remaining potential.
Adding to Bonks Bullish Case surpassed the Bonk Foundation’s Token Launchpad, LetSBonk.Fun, recently competitor pump.Fun in the daily volume with an increase of 126%. This development benefits the Bonk holders as 50% of the platform’s revenue is allocated to buy and burn Bonk -Tokens, which creates further positive price in a market that already expects the upcoming 1 billion token burning when the project reaches 1 million holders.
Meanwhile, Tuttle Capital Management confirmed July 16 as the earliest possible launch date for its package of geared crypto -Tfs, including a 2 × Bonk Etf that burned bullish atmosphere.
Technical analysis highlights
- The Bonk-USD couple experienced increased purchase pressure over the past 24 hours from July 2, 16:00 UTC to July 3, 15:00 UTC. It rose from $ 0.0000147 to a highlight of $ 0.0000175, representing an interval of 10.4%, according to Coindesk Research’s technical analysis model.
- A significant volume socket for 2.9 trillion at midnight on July 3 established strong support of $ 0.0000157 level, while the purchase of high volume of $ 0.0000168 level during the UTC Hours-Hours prices higher despite late session profits, the model shows.
- During the last 60 minutes from July 3 at. 14:50 to 15:49 UTC, however, Bonk-USD experienced significant volatility and fell from $ 0.00001666 to a low level of $ 0.00001619 before reaching $ 0.00001624.
- A remarkable amount of increase of 86.9 trillion at. 15:35 coincided with the price floor of $ 0.00001619, which established an important level of support. The subsequent recovery formed a rising trendline with increasing quantities, especially at. 15:49, when 22.5 trillion in volume pushed prices up by 2.7% from the session low, according to the model.
Disclaimer: Parts of this article were generated with the help of AI tools and reviewed by our editorial team to ensure accuracy and compliance with Our standards. For more information, see Coindesk’s full AI policy.
