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The Bonk price has surged 4% in the last 24 hours to trade at $0.00001262 as of 6:00 a.m. EST on a 10% pump in trading volume to $74.5 million.
Bonk Price Rebounds After A Double Bottom Formation
The BONK/USDT trading pair shows fresh bullish momentum after months of downward pressure, signaling a potential trend reversal. Between January and March 2025, the token was locked in a strong downtrend, sliding from around $0.00002200 to a low of approximately $0.00001000.
This move formed a clear bearish channel, with sellers dominating the market. However, bulls are now stepping in, and the tide appears to be turning. The chart shows a key technical development, a double bottom, around the $0.00001000 zone, which is a classic reversal signal.
BONKUSDT Analysis Source: Tradingview
This major support zone held firm, attracting buying interest and setting the stage for a bounce. The BONK price broke above the neckline at $0.00001200, confirming the pattern. The price currently trades just above that breakout level, which now acts as new support.
Attention now turns to the resistance zone between $0.00001500 and $0.00001700. This area has previously seen heavy selling, but if bulls can push through it with strong volume, BONK could target 0.00002000 USDT or higher in the coming days or weeks.
Fueling this move is a technical gap in the chart, Fair Value Gaps (FVG) and liquidity pockets, within that resistance area, which the price often seeks to fill. Adding to the optimism, the Relative Strength Index (RSI) has climbed to 53.76, a healthy spot that reflects increasing buying pressure without BONK being overbought.
BONK is flashing bullish signals after a long sell-off. The successful breakout from the double bottom pattern, rising RSI, and visible upside targets suggest a fresh rally may be underway. If support holds above $0.00001200, traders and investors could see BONK make a strong push toward higher resistance levels soon.
Solaxy (SOLX) Closes On $31M In Presale – Best Crypto To Buy Now?
As Bonk struggles to maintain its bullish momentum, investor interest is shifting toward Solaxy (SOLX), a fast-rising project built on the SOL network.
Solaxy has raised $30.9 million in its presale, positioning itself as the first layer-2 (L2) scaling solution on the Solana network.
Taking inspiration from Ethereum’s Arbitrum and Optimism, Solaxy plans to process transactions off-chain and settle them on Solana’s mainnet. This setup aims to cut fees and boost speed, offering much-needed improvements as Solana continues to face network congestion and delays.
🔥 The Solaxy Era Begins 🔥
The Solaxy TestNet Block Explorer is now live! This is the first step in bringing about $SOLX domination. 🛸🪐
Check it out for yourself below 👇https://t.co/VWq2cscsrK pic.twitter.com/8rIQfOHAwb
— SOLAXY (@SOLAXYTOKEN) April 19, 2025
The meme coin battle between Solana-based platforms Raydium and Pump.fun is heating up, as both race for dominance. Raydium recently launched LaunchLab, a response to Pump.fun’s new PumpSwap decentralized exchange. Both platforms have seen a spike in meme coin activity, pushing Solana’s network usage even higher.
Adding to the excitement, popular crypto YouTube channel 99Bitcoins, which has over 725k subscribers, has predicted that SOLX could deliver 10x returns following its launch.
Solaxy is also preparing to launch a cross-chain bridge, starting with Ethereum. This feature will connect Ethereum’s liquidity with Solana’s speeds, creating more use cases for the SOLX token. The token will also power transactions, rewards, and governance across the ecosystem.
Buy And Stake SOLX Now To Earn 130% APY
Solaxy is giving early investors a big opportunity to earn through its staking program, offering an impressive 130% annual percentage yield (APY).
The project has also partnered with Best Wallet, making it easy for users to buy and manage their tokens directly within the app.
As activity on the Solana network continues to rise, Solaxy’s position as the first layer-2 scaling solution gives it a strong advantage.
The token is currently available in presale for just $0.0017, and purchases can be made via crypto or bank card.
Investors looking to get in early should act fast, as the next presale price increase is set to happen in less than 7 hours.
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