Bonk (BONK), the flagship memecoin of Solana, is lighting up the charts with an explosive rally this July. With a current price of $0.00003628, it's up +85% over the past 7 days and +26% in the last 24 hours, now ranking among the top 50 cryptocurrencies by market cap.
📊 Real-Time Technical Snapshot
RSI at 74: strong bullish momentum, but in overbought territory
MACD shows a confirmed buy signal since June 28
Golden Cross triggered: 50-day EMA crossed above the 100-day EMA
Key support at $0.00003065
Immediate resistances at $0.000037 and $0.00003936
🔥 What’s Fueling the Rally?
BonkFun Launchpad now dominates Solana's ecosystem, handling over 80% of all launchpad volume
Token burn frenzy: over 1 trillion BONK destroyed after nearing 1M holders
2x Leveraged ETF incoming: institutional filings hint at a possible $10B market cap explosion
Vibrant community: nearly 1 million holders and 350+ on-chain integrations
Accessible price point: perfect for retail traders eyeing high speculative potential
Legit Pump or Bull Trap?
While the momentum looks solid, the high RSI and whale profit-taking suggest caution. Volume remains strong, but watch the $0.00003936 zone, where technical rejection could occur.
🧩 Suggested Trading Strategy
🔸 Speculative entry if support above $0.000036 holds
🔸 Bullish target: $0.000050 if ETF approval lands
🔸 Suggested stop-loss: below $0.000030
🔸 Invalidation zone: drop below $0.000027 may trigger retracement
Your turn to weigh in!
Is BONK the new memecoin king? Or is the market revving up for a shakeout before its next leap?
#BONK #SolanaEcosystem #MemecoinMomentum #CryptoTrends #BinanceSquare
