The Solana-based meme coin, BONK, has experienced a significant price increase and breakout from a six-month descending wedge pattern. This breakout suggests a potential 92% rally and has attracted investor attention. The coin's positive funding rate and the majority of traders going long on BONK indicate optimism and confidence in its growth potential. BONK stands out as the only Solana meme coin among the top 100 cryptocurrencies to post gains in the past 24 hours, highlighting its unique demand and popularity. BONK's success also reflects the broader interest in Solana-based assets. The coin has seen a nearly 20% price rise, but currently faces resistance at $0.00003151. If the coin successfully flips this resistance into support, further gains are expected. Conversely, failing to breach this level could lead to a pullback and reassessment of BONK's upward potential.



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