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The Bonk price has jumped 3% in the last 24 hours to trade at $0.00001712 as of 12:00 a.m. EST on a 6% plunge in trading volume to $136 million.
BONK Price Targets Bullish Breakout After Period Of Consolidation
BONK/USDT shows signs of a potential bullish breakout after months of downward pressure and consolidation, a significant technical shift that could begin a fresh upward move for the popular meme coin.
The chart, shows that BONK experienced a steep correction beginning in early January 2025, forming a well-defined bearish channel. This downward move saw prices fall by over 90% from previous highs, reflecting strong selling pressure and investor caution across the crypto market.
However, the downtrend lost momentum as BONK entered a long consolidation phase between March and April, with price action flattening out and forming a base around the $0.00000130– $0.00000140 zone.
BONKUSDT Analysis Source: Tradingview
A key development was the bullish reversal marked near the end of April, which was supported by a shift in market structure (noted as “MS” on the chart and a break above short-term resistance. This move coincided with a fair value gap (FVG) fill and candle liquidity grab, often preceding stronger moves in the opposite direction.
BONK Eyes 75% Rally As Bullish Momentum Builds
BONK is showing renewed bullish momentum, with the Relative Strength Index (RSI) crossing above 55, signaling strengthening buying pressure without entering overbought territory.
BONK is trading at $0.00001712, reflecting early signs of accumulation. Technical analysis suggests the token could be preparing for a breakout toward the $0.00003000 level, which would represent a potential 75% gain from current prices if bullish momentum continues.
A move above recent local highs may trigger increased buying interest and confirm a breakout. The RSI continues to trend upward, suggesting further upside potential. However, failure to maintain support above $0.00001600 could result in a pullback, and a likely retest of the previous consolidation range.
While market-wide sentiment will be key in whether this uptrend holds, current technical indicators suggest bulls are regaining control.
Investors Rush Into Solaxy As Presale Crashes Past $33.1 Million – Next Crypto To Explode?
As traders prepare for a possible surge in the Bonk price, attention is shifting toward a new Solana-based project called Solaxy (SOLX), which has already raised over $33.1 million through its ongoing presale.
While Solana was originally built as a faster and more cost-effective alternative to Ethereum, its growing popularity has increased network congestion. Users have recently reported delayed or failed transactions, sparking renewed concerns over the blockchain’s scalability and potential future outages.
🔥 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
In response, Solaxy is positioning itself as a next-gen solution to Solana’s traffic woes. The project plans to integrate off-chain transaction processing, mirroring Ethereum’s layer-2 model, to ease pressure on the main network. By bundling and verifying transactions off-chain before submitting them to Solana’s mainnet, Solaxy aims to improve overall efficiency significantly.
Solaxy continues to attract strong investor interest with its unique cross-chain utility, combining Ethereum’s deep liquidity and DeFi ecosystem with Solana’s high-speed, low-cost performance.
By bridging the two leading blockchains in the Web3 space, Solaxy aims to deliver a hybrid solution that maximizes the strengths of both networks.
Buy Solaxy For A 121% APY
Crypto YouTube channel 99Bitcoins, which has over 725k subscribers, has called Solaxy one of the most promising new tokens on the market, predicting that it could potentially deliver 100x gains upon launch.
In addition, Solaxy offers a staking program with a 121% APY to incentivize early adoption further and draw in yield-seeking crypto investors.
The token is currently available in its presale phase at $0.001714, with purchases accepted via BNB, ETH, USDT, or even bank card through the official Solaxy website.
The project has also integrated with Best Wallet, enabling users to buy and manage SOLX tokens seamlessly within the app.
However, the opportunity to buy at the current price is limited, with around 9 hours remaining before the next price increase.
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