ETF Hype and Token Burn Momentum Fuel 21% Surge

MEMECOIN BONK based in Solana has fallen back Jumping over 20% at the beginning of this weekBut it remains in the bull mode in the middle of the increased business of the merchant.

Bonk rose 21% in 24 hours to Thursday and stood up as the strongest artist among the main cryptocurrencies. Recently, it was traded for $ 0.00001673, which is 1.68% of profit, while the price action ranges from 0.00001606 to 0.00001751 USD, 9.4% Intraday swing.

Laying the TGE momentum is growing speculation around 2x lever bonk ETF, With Tuttle’s capital management confirming July 16 As the oldest potential start date, the regulatory approval is expected.

By adding a bull sentiment is a bonk At the top of reaching 1 million holdersA milestone that causes 1 trillion tokens is potentially adds and amplifies the pressure up. It currently boasts over 943,000 holders.

According to the analytical model of Coindesk Research, technically broke from both falling wedge and symmetrical triangle, indicating the transition from consolidation to potential expansion.

Analysts point to the support of the company to $ 0.00000013 and resistance of nearly 0.000018 USD. Successful violations of this resistance could unlock the potential path to $ 0.00003372, which represents a possible 100% up if it has momentum.

These assemblies coincide with the wider growth of Solan ecosystem, including increased participation of valirators and infrastructure investments. With strong foundations, technical support and speculative catalysts, you can prepare for an extended escape soon.

Emphasizing technical analysis

• Bonk reached a peak of 0.00001751 $ around 01:00 UTC with a remarkable 1.66B volume tip, creating a high volume resistance zone.
• The price was traded in a tight band from 03:00 to 12:00 UTC, signaling consolidation after the rally.
• Key support for $ 0.00001627 held firmly during the trading session despite the intraday strokes.
• Bonk experienced sharp by 1.5% conversion at 13:52 UTC to heavy volume (31.9b)Verification of 0.0000164 $ as the closest support.
• The resistance is formed nearly $ 0.000017, tested several times between 02:00 and 06:00 UTC.
• The wider support zone remains around $ 0.000013, on the chart patterns on the macro -level.
• Bonk released from the falling wedge and a symmetrical triangle, usually a bull setting.
• RSI designs space for further legs, without the overcame signals evident at current levels.

Renunciation of responsibility: Parts of this article were created with the help of AI tools and reviewed our editorial team to ensure accuracy and observance our standards. See more information Complete policy of AI of Coindeska.