LetsBonk's Growing Popularity Sparks Potential Rally in Bonk Price

Solana memecoin launchpad LetsBonk saw its 24-hour revenue surge to $1.04 million, nearly double that of Pump.fun at $533,412, according to DefiLlama. The price of Bonk (BONK) has rallied since LetsBonk’s launch on April 25. Will the rally continue? Charts suggest a potential climb to $0.000026 with support at $0.000017.

BONK turned up from $0.000011 on June 22 and gained momentum after breaking above moving averages. The 20-day EMA is rising, while RSI shows bulls in control. A break above $0.000026 could complete a double bottom pattern, pushing the pair to $0.000041. Watch for support at $0.000017.

On the 4-hour chart, BONK pulled back below the 20-EMA, signaling profit booking. A dip to $0.000020 is possible, where buyers may step in. Rebounds could lead to a push above $0.000024. A drop below $0.000020 may see the pair reach the 50-SMA, potentially delaying the up move.

Read more at Cointelegraph: LetsBonk’s Soaring Userbase Could Start A Rally In Bonk