LetsBonk $1.04M Revenue Lifts BONK Toward $0.000026
Bonk’s native token has rallied after Solana meme-coin launchpad LetsBonk reported a 24-hour revenue surge to $1.04 million—nearly double Pump.fun’s $533,412. Since its April 25 debut, BONK rebounded from $0.000011 on June 22 and has accelerated past its moving averages.
Technical indicators are bullish: the 20-day EMA has turned up at $0.000017, and the RSI sits in positive territory. Key resistance lies at $0.000026; a decisive break would complete a double-bottom pattern targeting $0.000041.
On the downside, immediate support comes from the 20-day EMA and the 50% Fibonacci retracement near $0.000020. A drop below $0.000020 risks a deeper correction toward the 50-day SMA, while short-term profit-taking on the 4-hour chart may test these levels before the next leg of the rally.
Bullish
The surge in LetsBonk’s 24-hour revenue to $1.04 million underscores strong demand on the Solana meme-coin launchpad, driving increased capital inflows into BONK. Bullish technical indicators—namely the rising 20-day EMA and positive RSI—signal sustained upward momentum. Completion of the double-bottom pattern above $0.000026 could trigger further gains toward $0.000041. Support from the 20-day EMA and 50% Fibonacci level at $0.000020 offers a solid base, while short-term profit-taking near the 4-hour 20-EMA is likely to be absorbed by buyers. Overall, both the fundamental boost and technical setup favor continued bullish price action in the near to medium term.