BONK Surges 6.27% on Binance as Bullish Momentum and High Volume Signal Breakout Potential

BONKUSDT has experienced notable volatility in the past 24 hours, with the price rising 6.27% to $0.00001762 on Binance. The recent price increase is primarily attributed to renewed bullish sentiment following a sharp rebound from recent lows, technical signals such as trading above the 20-period EMA, and growing attention from traders anticipating a potential breakout from a descending triangle pattern. Increased trading activity and a high 24-hour volume, reported between $407 million and $523 million, reflect strong investor interest. BONK currently holds a market capitalization of approximately $1.3 billion, with a circulating supply estimated between 77 trillion and 80 trillion tokens, positioning it among the leading meme coins by market cap.