Key takeout

• Bonk performs the most effective of the highest 50 cryptocurrencies by market capitalization.
• Memecoin might be promoted if it exceeds $0.000032 if the market situations proceed.

Bonk Surges 10% is healthier than different memes

Bonk Memecoin’s native token, Bonk is performing finest among the many prime 50 cryptocurrencies by market capitalization. The token added 10% to its worth over the previous 24 hours and is presently buying and selling at $0.00002326 per coin.

The constructive efficiency of tokens is pushed primarily by the surge in exercise of Rechbonk, a lately developed token launchpad. For a number of months, Pump.Enjoyable dominated the Solana Token LaunchPad house. Nevertheless, the story modified as Pump.Enjoyable misplaced market share to Letsbonk. On the time of this writing, Letsbonk presently holds 55% of LaunchPad’s complete market share.

🚨 @bonk_fun At present, 55% of the full market share of Launchpad instructions, however PumpFun is beneath 35% https://t.co/akuzz1tjvq pic.twitter.com/N2HBGS5B0B

– Solanapost (@thesolanapost) July 7, 2025

Bonk is concentrating on $0.00003265 and presents robust help at $0.00002062

The Bonk/USD 4H chart is extraordinarily bullish due to the continuing rally of tokens. Technical indicators counsel an much more upward motion. The pair is now environment friendly, suggesting that Bonk has worn out liquidity on the draw back in anticipation of an upward gathering.

Following final week’s 46% surge, Bonk’s bullish begin this week is concentrating on Could’s highest costs with a breakout within the wedge sample. Every day closings above $0.00002218 present that Bonk Goal is on the $0.00002581 stage.

If an extension rally occurred, Bonk was in a position to take a look at the $0.00003265 stage for the primary time since January 2025.

The 81 RSI means that Bonk is within the space the place it’s presently acquired, however the MACD line is firmly within the constructive zone, suggesting buying strain. The upward pattern within the inexperienced histogram bar signifies a rise within the upward momentum.

Nevertheless, if BONK fails to exceed the help stage of 0.00002218, it might probably retest a 50% Fibonacci stage at $0.00001734 within the subsequent few days.