16 July 2025: BONK Rockets 18.2% as Altcoins Lead Crypto Market Rally
BONK surged 18.2% in the past 24 hours, breaking through key resistance levels to close at $0.00003343 — its highest price in several months.
The sharp rally comes amid renewed optimism in crypto markets, with altcoins driving momentum thanks to rising open interest and strong technical setups.
From July 15, 11:00 UTC, to July 16, 10:00 UTC, BONK climbed 15.08%, moving from $0.00002824 to $0.00003253 before reaching an intraday high of $0.00003309.
This Solana-based memecoin displayed a steady uptrend with higher highs and lows, clearing resistance at $0.00003000 and $0.00003200 as traders shifted focus to more volatile assets, according to CoinDesk Research’s technical data.
BONK’s addition to Grayscale’s institutional surveillance list lent additional credibility, attracting increased interest from investors.
Despite volatility, BONK maintained strong momentum. In the final hour, the price briefly dropped to $0.00003225 before rebounding sharply on volume surges exceeding 134 billion tokens, climbing back to $0.00003303. A new short-term support level formed near $0.00003295.
With altcoin sentiment improving and BONK showing strong volume and price action, the token is poised to challenge the psychological resistance at $0.00003500. Breaking this level could pave the way for further gains if the rally sustains.
Technical Summary:
- 15.08% 24-hour gain from $0.00002824 to $0.00003253
- Trading range spanned 18.93%, with a high of $0.00003309
- Resistance at $0.00003000 and $0.00003200 broken
- Next resistance levels at $0.00003300 and $0.00003500
- Support identified at $0.00002850 and recently at $0.00003295
- Volume exceeded 134 billion tokens during final-hour rally
- Price bounced 2.4% from intraday low of $0.00003225
- Current price: $0.00003343, leading gains among Solana ecosystem tokens
