Bonk breaks out with a high volume while the cryptorally drives old coins

Bonk rose by 18.2 % last day and broke crucially several resistance levels close at $ 0.00003343 – his highest price for months.

Against the background, the rally takes place again on the cryptoma markets, whereby old coins took the lead and the overall market capitalization increased slightly, supported by increasing open interests and technical momenters.

From July 15th at 11:00 a.m. to July 16 at 10:00 UTC, Bonk recorded an increase in value of 15.08 % and rose from $ 0.00002824 to $ 0.00003253 before reaching its high at $ 0.00003309.

The Memecoin based on Solana recorded a sequence of higher highs and higher lows and broke up resistance levels at $ 0.000030000 and $ 0.000032000, since retailers rotated into high-volatile asset in accordance with the technical analysis data model from Coindesk Research.

The movement fell at the same time with Bonks Admission on the institutional surveillance list from GrayscaleA milestone that further legitimizes the Memecoin in the eyes of wider market participants.

Technically speaking, Bonk's impulse remained strong even in volatile phases. In the last hour of the session, the token withdrew at 09:45 UTC to $ 0.00003225 before increasing over 134 billion tokens with volume tips and rose to $ 0.000033034. A new short -term support brand has formed at 0.00003295 USD.

With an impressive mood in the entire Altcoin sector and Bonk, which takes the lead in both volume and price, the token now seems ready to reach the $ 0.000035000 mark-a psychological barrier that could open further upward room, should the broad Rally stop.

Technical analysis of highlights

• Bonk increased by 15.08 % within 24 hours and rose from $ 0.00002824 to $ 0.00003253.
• The entire trading range was 18.93 % at a maximum of $ 0.00003309.
• The resistance at $ 0.000030000 and $ 0.000032000 was clearly broken.
• Direct resistance now at $ 0.000033000; The next upward destination is $ 0.000035000.
• Solid support was $ 0.000028500 and most recently $ 0.000032950.
• The trade volume rose to over 134 billion tokens during the recreation phase and the outbreak in the last hour.
• Bonk recovered by 2.4 % of the intraday low at $ 0.00003225.
• Current price: $ 0.00003343, leader at the daily price gains of the Solana ecosystem tokens.

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