Bonk OutPaces Bitcoin, Doge – What is the relationship of Bonk.fun? star-news.press/wp

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Bonk’s 70 % Rally Mirror Bonk.fun’s Dise and Tokeen Beainbacks. Can the condemnation and exchange external flows in the long run, Solana Mimi, beyond the April ceiling?

Bonk (Bonk) The market has amazed with a jump of 70 % of prices during the past ten sessions, and outperformed specializations such as Bitcoin and Dogecoin.

But what nourishes the Solana-based Meme Coin momentum-and can he last?

Why does the price of a bonk rise?

This wonderful price is probably driven by a modern transformation in the market morale in general, and the difference above the descending trend line, and most importantly, the explosive growth of Bonk.

Last week, it recorded six consecutive days with a fee of more than one million dollars, and reached a peak at $ 1.27 million on July 11, according to Devilia. In total, the platform produced $ 7.93 million in only seven days.

Source: X (previously Twitter)

According to an expert/effect in encryption, 58 % of these fees tend to rebuild Bonk – which requires a steady demand, while many merchants have not yet applied in this structural background winds.

This is not the first moment for Bonk.fun.

Just a few days ago, Ampcrypto mentioned that Bonk.fun has turned the pump.

At that time, Bonk.fun got 61 % of the total Launchpad revenues 24 hours-which enhances its progress.

However, this strong growth has already pushed the microbe to a major level with a history of price repercussions, which raised concerns about a potential decrease in prices.

Bonk re -testing resistance with caution in the air

At the time of the press, Bonk hovers near $ 0.00002508, climbing more than 13 % in 24 hours and exceeding 160 % in trading volume.

This prominent gain by Memecoin has outperformed large cryptocurrencies like Bitcoin (BTC) and Dogoin (DOGE).

Of course, this Bonk momentum explosion returned to the familiar battlefield – the resistance level of 0.002626 dollars.

It is the same area where Bonk rose, in April 2025, after breaking the random trend line only shortly after that.

This time, Memecoin exploded again from the similar scattered direction line and reached the same level, which now raises the question about whether history repeats itself this time, or penetrates this main resistance?

Source: TradingView

Looking at the current market morale, if the continuous momentum continues and builds the general structure has not changed, the Bonk price may be easily separated from this resistance level.

If this happens, there is a strong possibility that the price will rise by 37 % and reach a level of $ 0.0000364. On the other hand, if he fails to go out, the date itself may repeat the price and the price may decrease again.

At the time of the press, Bonk was circulating over the SIA moving average for 200 days (EMA), indicating that the original is in a bullish direction.

Meanwhile, the RSI index (RSI) reached 70, indicating that the original has entered into the peak purchase area, which may lead to a short -term correction in the event of poor momentum in purchase.

$ 1.90 million in stock exchange codes

Although they are in the peak area of purchase, investors and their long -term holders are still accumulating the M.

Data from Coinglass She revealed that exchanges through the encryption scene have recorded an external flow of more than $ 1.88 million in bonck at the time of the press, indicating a possible accumulation.

Source: Coinglass

This external flow from the stock exchanges suggested that buying pressure from investors and their long -term holders is still strong, which appears to be a bullish mark for bonk holders.