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The Bonk price has soared 8% in the last 24 hours to trade at $0.00001536 as of 6:50 a.m. EST on a 16% drop in trading volume to $130 million.
Bonk Price Signals More Uptrend Ahead
Solana’s meme coin BONK has experienced a significant surge, climbing 35% over the past week to trade at $0.00001539. The rally marks a shift in sentiment, with BONK breaking free from its previous bearish channel that had dominated much of March.
Since hitting a low of $0.00000888 on March 21, the token has recorded four consecutive days of gains, bolstered by strong bullish momentum. This surge comes despite the absence of major announcements, suggesting broader market sentiment and increasing investor interest are driving the rally.
The major support zone has emerged at $0.0000140, which previously acted as resistance. This price point is now critical, as maintaining support above it could signal the continuation of the current bullish trend. The next major resistance zone is identified between $0.0000158 and $0.0000160.
BONKUSDT Analysis Source: Tradingview
A successful breakout above this range could pave the way for further gains, potentially targeting the $0.0000180 level, where additional resistance might be encountered.
BONK Price Faces Resistance
The Relative Strength Index (RSI) stands at 73.55, indicating overbought conditions. However, a slight decline to 65.54 suggests some relief, which could allow BONK to consolidate before making another upward move. RSI levels above 70 often imply the possibility of a correction, but strong momentum and market sentiment can keep prices elevated despite such signals.
BONK’s rise coincides with Solana’s impressive performance, as the blockchain’s native token SOL posted a 20% weekly gain. Solana remains a preferred network for meme coins and decentralized applications, contributing to BONK’s increased visibility.
Moreover, BONK’s expanding holder base, now approaching one million, underscores its growing community support. This expanding user base reflects confidence in the token’s future, which could further fuel its upward momentum.
Maintaining support above $0.0000140 could be critical for BONK’s continued rally. Conversely, a breakdown below this level might lead to a retest of the major support zone around $0.0000110.
Solana Layer-2 Solaxy Presale Blasts Past $28 Million
While the Bonk price surge continues, the first Solana layer 2 project Solaxy (SOLX) has soared past $28 million in its presale.
Crypto analyst and YouTuber Jacob Bury, with over 55.7K subscribers, says SOLX has the potential to surge 10x after launch.
Solaxy introduces rollups, a scaling technology designed to resolve Solana’s network congestion caused by the explosion of SOL-based meme coins.
This technology bundles thousands of transactions off-chain before submitting them to Solana, significantly reducing network strain, enhancing processing speeds, and improving overall efficiency.
With Solaxy’s rollup solution, developers and users can expect lower fees and faster transaction times, making it a valuable addition to the Solana ecosystem.
Beyond solving congestion issues, Solaxy offers various features to support developers and users alike. Developers can easily build and deploy applications using Solaxy’s intuitive interface, providing user-friendly development tools that simplify the creation process.
Solaxy ( $SOLX)- #Solana Layer 2 #memecoin with high staking rewards.
Raised $10M+ in presale, ongoing until March 31, 2025.
Pros:
Aligns with Solana + memecoin trend.
Public security audit.
Decent SMM performance.https://t.co/xHEqmN9z0h pic.twitter.com/XSZxybjBSg— Rayford Nelson (@RayfordN97369) March 13, 2025
Additionally, Solaxy has plans to establish an Ethereum-Solana bridge, enabling seamless cross-chain compatibility and contributing to a more interconnected Web3 ecosystem.
Solaxy also offers an attractive staking opportunity for investors with a massive 146% annual return. The platform has already seen huge participation, with over 7.7 billion tokens staked.
Right now, SOLX is priced at $0.001674 and can be purchased using cryptocurrency or a bank card.
Buy before a price hike in a little more than 3 hours to secure the best deal.
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