Bonk (BONK), Solana’s top meme coin, is trading around $0.0000222, up 10% this week, driven by renewed investor interest and ETF speculation. Despite being below its November 2024 peak, technical indicators like a bullish breakout from a Channel Down pattern and a break above the 200 SMA suggest upward momentum. However, overbought conditions (RSI ~75) near the $0.000025 resistance may prompt a short-term pullback. Key developments include a surge in trading volume ($1.2B daily), on-chain accumulation signals, and ecosystem growth via Solana’s NFT and DeFi integrations. Bullish targets aim for $0.000030–$0.000037, while failure to sustain momentum could see a drop to $0.000017. High volatility and whale activity underscore the risks.
about Bonk (BONK) Surges 10% Amid ETF Speculation & Bullish Signals