BONK Rockets Over 15%, Driving Momentum Across the Crypto Space

16 July 2025: BONK Surges 18.2% as Altcoin Momentum Boosts Crypto Markets

BONK rallied 18.2% in the last 24 hours, breaking through multiple resistance levels to reach $0.00003343 — its highest level in months.

The surge reflects growing optimism in crypto markets, with altcoins driving gains amid rising open interest and strong technical signals.

Between July 15 at 11:00 UTC and July 16 at 10:00 UTC, BONK climbed 15.08%, moving from $0.00002824 to $0.00003253 before peaking at $0.00003309.

This Solana-based memecoin posted a series of higher highs and lows, surpassing key resistances at $0.00003000 and $0.00003200, as traders sought out volatile assets, according to CoinDesk Research.

BONK’s inclusion on Grayscale’s institutional surveillance list added credibility, attracting more attention from market participants.

Despite some volatility, BONK’s momentum held strong. In the final trading hour, the price dipped to $0.00003225 before bouncing back on volume spikes exceeding 134 billion tokens, hitting $0.00003303. New short-term support has formed near $0.00003295.

With positive sentiment across altcoins and BONK showing strong price and volume action, the token appears set to test the $0.00003500 resistance — a key psychological level that could open the door for further gains.

Key Technical Highlights: