BONK Climbs Above 15% as Memecoin Gains Propel Broader Market
16 July 2025: BONK Jumps 18.2% as Altcoins Spark Crypto Market Rally
BONK surged 18.2% over the past 24 hours, breaking key resistance levels to reach $0.00003343 — its highest price in months.
The rally reflects growing bullishness in crypto markets, with altcoins leading the charge amid rising open interest and strong technical momentum.
From July 15, 11:00 UTC, to July 16, 10:00 UTC, BONK gained 15.08%, climbing from $0.00002824 to $0.00003253 before hitting a peak of $0.00003309.
The Solana-based memecoin showed a consistent uptrend, forming higher highs and higher lows while overcoming resistance at $0.00003000 and $0.00003200, according to CoinDesk Research.
BONK’s recent addition to Grayscale’s institutional surveillance list helped boost its legitimacy and attract more market interest.
Despite some volatility, BONK held strong momentum. In the final trading hour, it dipped to $0.00003225 before bouncing back sharply on a surge in volume exceeding 134 billion tokens, climbing to $0.00003303. New short-term support has formed near $0.00003295.
With sentiment improving across altcoins and BONK demonstrating strong volume and price action, the token appears ready to test the psychological resistance at $0.00003500—a move that could open the door to further gains if the broader rally continues.
Technical Highlights:
- 15.08% gain in 24 hours from $0.00002824 to $0.00003253
- Intraday range of 18.93%, with a high of $0.00003309
- Resistance at $0.00003000 and $0.00003200 broken
- Next resistance targets at $0.00003300 and $0.00003500
- Support levels at $0.00002850 and $0.00003295
- Volume spike above 134 billion tokens during final-hour rally
- Price recovered 2.4% from intraday low of $0.00003225
- Current price: $0.00003343, leading daily gains in the Solana ecosystem
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