FLOKI and BONK Lead Solana’s Meme Coin Rally With Impressive Gains
Floki and Bonk, two popular meme coins on the Solana network, led the market on Wednesday with strong upward momentum, each posting gains of around 30%. However, by Thursday, both had pulled back slightly, down about 2% as the market cooled off.
Floki's breakout from a downward trendline sparked Wednesday’s rally. The price climbed sharply after bouncing off its 200-day exponential moving average, signaling growing interest from buyers. As it pushes back toward the $0.000100 level, traders are watching the next resistance at $0.000142—this aligns with the 61.8% Fibonacci retracement from the broader move between late November and early April.
If Floki can close above that mark on a daily basis, the next upside target would be around $0.000195, near the 78.6% retracement level. On the flip side, if the rally loses steam, support could be found near $0.000114, which represents the 50% retracement zone.
Bonk has also been on a roll, continuing its climb with a 30% jump on Wednesday, extending a five-day winning streak. It came close to testing its yearly high of $0.00003989 before running into resistance near the 78.6% Fibonacci level at $0.00004105. This level is calculated from its major drop last year, which stretched from a high of $0.00006230 in November to a low of $0.00000886 in April.
If Bonk manages to break through this resistance, it could set its sights on retesting that previous high of $0.00006230.
Curve DAO (CRV) also saw a notable move, gaining 21% after breaking out of a triangle pattern. It’s now approaching the $1 psychological barrier. Technical indicators suggest the overall bullish trend may still have room to run, especially if momentum continues building across the meme coin space.
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