#NODEBinanceTGE
The price of Bonk rose by 8.7% in 24 hours, driven by the recovery of the Solana ecosystem, a rotation in memecoins, and positive technical signals.
1. Solana's partnership with Fiserv increased confidence in SOL and related tokens like BONK.
2. The memecoin rally boosted BONK alongside DOGE, SHIB, and other Solana tokens like Popcat (+15%).
3. A technical breakout above the resistance of $0.000014 generated short-term momentum.
The BONK rally reflects the corporate adoption of Solana, widespread demand for memecoins, and favorable technical patterns. It is important to observe whether the volume remains above $150 million and if BONK holds the Fibonacci level of 38.2% at $0.00001726. Could Solana's upcoming Accelerate 2025 event reignite the utility narrative of BONK?