Token

Rally

Memecoin

Optimism

<ul>
 <li>Amidst a market reversal, the BONK token leads a 15% jump in the last 24 hours.</li>
 <li>The global crypto market rebounded slightly after a slump, fueled by a 3.50% rise in Bitcoin’s price.</li>
</ul>
The global cryptocurrency market has significantly reversed, particularly in the meme coin realm. Following a huge decline in Bitcoin, it experienced a notable upswing, marking a 6.25% jump from its recent slump at $56,000. This momentum persisted, leading to a 3.50% intraday surge to $59,412.
What’s especially interesting is how this recovery impacting meme coins, fueling a widespread comeback. Among the notable players in this resurgence are DOGE, PEPE, and SHIB, which have found solid ground to pivot. However, the <a href="https://thenewscrypto.com/bonk-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">BONK</a> turns into a trendier coin, truly steals the spotlight, and emerges as a frontrunner in the recent bull run.
<h3 class="wp-block-heading" id="h-bonk-tops-the-gainers-list">BONK Tops the Gainers List&nbsp;</h3>
Recently, the BONK token caught under the grip of selling pressure. After weeks of enduring lower lows, the token recently found support around $0.00002314 and swiftly <a href="https://thenewscrypto.com/bonk-price-climbs-over-4100-is-it-the-right-time-to-buy/" target="_blank" rel="noopener noreferrer nofollow">bounced back</a>. This pivotal momentum was highlighted by the breach of the&nbsp; 100-day EMA mark, resulting in an impressive 92% rally since the start of the year.
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img decoding="async" width="1024" height="510" src="https://thenewscrypto.com/wp-content/uploads/2024/05/image-14-1024x510.png" alt="" class="wp-image-97444" srcset="https://thenewscrypto.com/wp-content/uploads/2024/05/image-14-1024x510.png 1024w, https://thenewscrypto.com/wp-content/uploads/2024/05/image-14-300x149.png 300w, https://thenewscrypto.com/wp-content/uploads/2024/05/image-14-768x383.png 768w, https://thenewscrypto.com/wp-content/uploads/2024/05/image-14.png 1299w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption">BONK Price Chart (Source: <a href="https://in.tradingview.com/symbols/BONKUSDT/?exchange=BINANCE" target="_blank" rel="noopener noreferrer nofollow">TradingView</a>)
 </figcaption>
 </figure>
</div>
According to the daily price chart, the BONK token seems to sustaining its bullish reversal momentum, hinting at a potential bull run soon. Technical analysis reveals a bullish flag pattern breakout in the 4-hour chart, further bolstering confidence in the upward trajectory.
Moreover, the recent golden crossover in the 24-hour chart adds weight to the possibility of an uptrend gaining momentum. Following an intraday gain of 16.14%, the BONK token price reflects strong buyer accumulation.
At the time of writing, the Bonk token (BONK) is trading at $0.00002591, showcasing resilience amidst market fluctuations. While its monthly return ratio sits at -3.20%, the token boasts a solid 27.90% yearly return, signaling the potential for further growth in the coming months.

BONK Token Sparks Optimism in Memecoin Space with 15% Rally

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