Bonk posted a strong recovery on July 24, gaining 6.5% value of $ 0.0000335 to $ 0.0000,357 during the 24 -hour window ending 2 p.m. UTC.
The solana -based token bounced in a drop prior to $ 0.0000,31111, recording a negotiation range of 18% before closing near its daily summits. Price action was fed by a renewal of institutional interests and a traction assembly through the Bonk ecosystem.
The recent proposal for a developer Solana to increase the size of the 66% blocks injected a new momentum on the Bonk market, strengthening the upward trajectory of the Jeme. As the Solana network is evolving to meet growing demand, Bonk – natively built on blockchain – should benefit directly from improved speed and lower latency.
This infrastructure upgrade signals long-term confidence in Solana’s ability to support high volume applications such as Bonk’s LetsBonk platform, which has already captured 64% of the memes token market.
The trading volume exceeded 2.1 billions of tokens during the key recovery phases, with obvious accumulation models in the support area of $ 0.000032. In particular, the price pushed to resistance at $ 0.000037 before meeting a for -lucrative sale to consolidate around $ 0.0000363.
In the wider rotation of the cryptography market, Bonk’s performance has stood out while institutional investors and retail participants pivoted alternative assets. The upward momentum and the basis of supported public services of the Jeme and Expansion suggest resilience while market players seek exposure to higher assets during periods of macroeconomic uncertainty.
Technical analysis
- Bonk exchanged between $ 0.0000311 and $ 0.0000363, marking an intraday swing of 18%.
- Solid support confirmed nearly $ 0.000032; The resistance solidified almost $ 0.000037.
- The volume exceeded 2.1 billions of tokens during the recovery and rupture phases.
- Institutional accumulation was visible during key boxes throughout the session.
- A peak of volume at the end of the session of 39 billion tokens occurred between 13: 58–14: 01 UTC.
- Trading has narrowed to a 3% band (0.000035 to 0.000036 $) in the last hour of analysis.
Non-liability clause: Parties of this article were generated with the help of AI tools and examined by our editorial team to guarantee the accuracy and membership of Our standards. For more information, see Complete Coindesk AI policy.
