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<p>Popular memecoin BONK (BONK) saw its price surge over 8% in the last 24 hours according to the latest data from CoinMarketCap. The dog-themed cryptocurrency, which runs on the Solana blockchain, was trading hands at <a href="https://coinmarketcap.com/currencies/bonk1/" target="_blank" rel="noopener noreferrer nofollow">$0.000016</a> at press time with $523 million worth of BONK changing hands over the previous day.</p>
<p>The price pump comes as crypto analyst Ygcrypto points out that BONK appears to be testing a key resistance level. “A test of the resistance zone is on the horizon, so be ready to take profits if needed,” the analyst <a href="https://x.com/ygcrypto/status/1762776252098990503?s=20" target="_blank" rel="noopener noreferrer nofollow">stated on X</a>, identifying support at $0.0000133-$0.0000136 and resistance at $0.0000165-$0.0000177. However, they added that a further pump may be incoming for the memecoin.</p>
<p><img decoding="async" style="width: 100%" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXcUhzurYhc5AUAVgfvuAdLUNc_D9DUZ7Cw3sw1F8TBY_fJhDEO932mH8CGARnQJ5NLsHJP9gIokW5RaCLIil9j70_6lsi-ue_x0sDaMnTCGEuW9iHBJ7SXGa2PlxVu0i-Ju1xeGqYLNLpSY75R8cqM?key=TxrkzfEMY9RNmwQ8LSVOsw"></p>
<h2 class="wp-block-heading" id="strong-market-capitalization-milestone-strong"><strong>Market Capitalization Milestone</strong></h2>
<p>The surge comes after SolanaFloor <a href="https://twitter.com/SolanaFloor/status/1762782855153742114?s=20" target="_blank" rel="noopener noreferrer nofollow">announced</a> on X that BONK had reclaimed its $1 billion market capitalization. The achievement highlights the memecoin’s resilience even amidst the ongoing crypto winter that has battered cryptocurrency prices.</p>
<p>Significantly, BONK brands itself as the first dog-themed coin native to Solana. Moreover, 50% of the total supply was airdropped to Solana community members, which has likely contributed to its grassroots-style growth.</p>
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<p>Additionally, the coin’s community-focused approach could make it more impervious to external market forces. Hence, the recent recovery may indicate substantial support amongst BONK enthusiasts who remain bullish on the project’s long-term prospects. Consequently, the <a class="wpil_keyword_link" href="https://captainaltcoin.com/meme-coins/" title="meme" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">meme</a> coin’s setup positions it well to potentially challenge the next resistance zone identified by Ygcrypto should positive momentum continue.</p>
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<p>The post <a href="https://captainaltcoin.com/dog-themed-solana-memecoin-bonks-price-surges-over-8-experts-say-resistance-zone-is-on-the-horizon-but-theres-a-catch/" rel="noopener noreferrer nofollow">Dog-Themed Solana Memecoin BONK’s Price Surges, Experts Say ‘Resistance Zone is on the Horizon’—But There’s a Catch</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Dog-Themed Solana Memecoin BONK’s Price Surges, Experts Say ‘Resistance Zone is on the Horizon’—But There’s a Catch

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