BONK Defies Market Trend, Eyes Another 20% Rally
Over the past two weeks, BONK has seen a remarkable price surge of over 120%, defying the broader market trends. This surge has sparked investor interest and optimism for a potential further 20% rally. Despite the recent correction in the crypto market, BONK has continued to outperform major assets like Bitcoin and Ethereum, maintaining its upward trajectory.
The Reason Behind BONK’s Surge
The recent bullish momentum in BONK can be attributed to the strength of the Solana ecosystem and a positive price action trend observed on the daily charts. Moreover, the decision by asset management giant Grayscale to add BONK to its watchlist has further bolstered confidence in the coin.
Insights and Market Impact
Open interest in BONK has surged from $11.72 million to nearly $56 million in July 2025, indicating growing bullish sentiment among investors. This increase in interest, coupled with the ongoing price uptrend, has set the stage for a potential 20% rally in the near term.
Sam Boolman’s Analysis
According to Sam Boolman, ChainIntel’s lead analyst, “BONK’s resilience in the face of market corrections and its ability to outperform major cryptocurrencies like Bitcoin and Ethereum highlight the growing appeal of meme coins within the crypto space. The strategic integration within the Solana ecosystem and institutional recognition from Grayscale have positioned BONK for further growth and market recognition.”
Technical Outlook for BONK
Technical analysis on TradingView indicates that BONK recently surpassed a key resistance level at $0.0000264, signaling a potential continuation of its upward trajectory. Traders and investors are closely monitoring key levels for potential entry and exit points amidst the ongoing price rally.
