1. Today's update
Current price: approximately $0.00002878, slightly up ~0.07% in 24h, fluctuating from $0.00002626–0.00003011
24h Volume: ~$1.1–1.5 billion, among the top memecoins by volume
Market cap: ~$2.2–2.4 billion, mid-cap memecoin market of Solana
Price is testing the resistance at $0.000030–0.000031, following a breakout from the downtrend channel.
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2. News & price momentum
Whale accumulation: Whales are continuously accumulating BONK, while institutional cash flow is slightly increasing
Strong technical rally: Increase of 22% – 81% depending on the weekly frame, breaking the downtrend channel, Bollinger Bands widening, RSI ~60, bullish MACD
ETF/meme hype: REXShares/Osprey submitted leveraged ETF $BONK , expected Q3–Q4
Solana Ecosystem: Solana TVL increased ~+3.2% → spillover benefits for the memecoin community
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3. Technical analysis & outlook
Model & trend: Breakout from the downtrend/descending channel; price above 20/50/100/200-day MA
Indicators:
RSI ~60–62, not overbought, still room for increase
Bullish MACD, Bollinger Bands widening is a sign of increasing momentum
Resistance – support:
Support: ~$0.0000240–0.0000260 (Weekly Fibo/SMA)
Resistance: ~$0.000030–0.000031, next $0.000037–0.000039, further $0.000058 (ATH)
Scenario:
Bull case: Hold above $0.000028 → test $0.000031 → $0.000037–0.000039, and ATH if ETF launches + whales continue to accumulate.
Bear case: Drop below $0.000026 → retest $0.000024–0.000025, momentum lost – creating a new bottom.
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4. Suggested investment strategy ⚠️
Short-term trader
Buying range: $0.000026–0.000028
Target: $0.000030–0.000032
SL: < $0.000024
Medium – long-term holder
Accumulation: $0.000024–0.000028
Target: $0.000037–0.000039, further $0.000058 if the memecoin market explodes and ETF appears
SL: < $0.000024
> ⚠️ Not investment advice. DYOR & manage risk appropriately.
