Memecoin BONK is back in focus, notching a strong 27% gain during last 7 days as bullish momentum builds across the memecoin sector. Fueled in part by Bitcoin’s rebound, the Solana-based token has jumped 1,9% in the past 24 hours. With BONK now trading at $0.00001376 and its market cap exceeding $1,10 billion, the currency is drawing renewed attention from both retail and institutional traders.

Key Resistance Zone in Sight

The token has decisively cleared a long-standing descending trendline—often seen as a reversal trigger. This breakout suggests a shift in short-term momentum, potentially ending a recent correction. BONK now eyes the next resistance range between $0,0000158 and $0,0000225. A confirmed move through this band could validate a bullish wave structure and send prices sharply higher.

Order book data reveals BONK faces limited sell-side pressure, with just two notable resistance walls ahead. Meanwhile, momentum indicators such as the RSI and MACD remain in bullish territory, hinting that upward energy may be sustained. If buying pressure continues, BONK could soon attempt to retest local highs.

Broader Market Trends Remain Crucial

BONK’s price action remains sensitive to Bitcoin’s trajectory and overall sentiment in crypto markets. As BTC stabilizes above key levels, capital is flowing back into altcoins—especially memecoins. Should this risk-on environment persist, BONK may continue its breakout journey and challenge higher targets in the coming days.

In the meantime, XRP is heading for bullish rebound