Why BONK Coin Price is Up Today?

The post Why BONK Coin Price is Up Today? appeared first on Coinpedia Fintech News Meme coins are on the rise, and Bonk (BONK) is one of the standout performers, fueled by Bitcoin’s strong performance after its recent surge. Despite sellers trying to push prices down, the market remains strong, and it looks like it could continue climbing. Solana Meme Coins Lead the Way Bonk (BONK), a meme coin on the Solana network , shot up this week, reaching $0.000020, its highest point since early February. The coin has more than doubled from this month’s low, rising over 127%. This surge came as traders flocked to meme coins again, especially those built on Solana. The rise of a newer Solana meme coin, Fartcoin, played a major role in Bonk’s price jump. Fartcoin skyrocketed more than 450%, which sparked excitement about other Solana meme coins. This momentum lifted other tokens like TRUMP, Dogwifhat, Pudgy Penguins, and Popcat, all rising by over 50% in a short time. Although Trump’s meme coin gained on news of a dinner with top holders , it dropped 18% the next day, but remains up this week. Bonk, being one of the more established meme coins, quickly followed the trend. Crypto Market Pushes BONK Memecoin Higher Bonk’s rise is also tied to the overall strength of the crypto market. Bitcoin recently broke past $95,000, Ethereum neared $2,000, and Solana reached $150. When major coins like these perform well, smaller ones like Bonk often follow. Investor confidence is returning, and this is driving prices higher across the board, including for Bonk. .article-inside-link { margin-left: 0 !important; border: 1px solid #0052CC4D; border-left: 0; border-right: 0; padding: 10px 0; text-align: left; } .entry ul.article-inside-link li { font-size: 14px; line-height: 21px; font-weight: 600; list-style-type: none; margin-bottom: 0; display: inline-block; } .entry ul.article-inside-link li:last-child { display: none; } Also Read : FLOKI Price Prediction 2025: Is 270% Surge Incoming? , BONK Price Analysis From a technical standpoint, Bonk looks promising. It recently broke through an important level at $0.00001510, which is a sign of strength. Analyst Jonathan Carter pointed out that Bonk has broken out of a wedge pattern, typically indicating that the price could go higher. #BONK Token is breaking out of the upper border of the broadening wedge pattern on daily timeframe This breakout signals strong bullish momentum after period of volatility and could drive price higher If we break above the ma 100, expect price to move towards targets at… pic.twitter.com/1T3yOqLR3r — Jonathan Carter (@JohncyCrypto) April 25, 2025 He believes that if Bonk stays above the 100-day moving average, the next targets could be $0.00001950, $0.0000250, and $0.0000370. The technical indicators show growing strength, suggesting Bonk could keep rising. Bonk’s price surge is a combination of factors: the rise of Solana-based meme coins, the overall strength of the crypto market, and positive political news. With strong technical indicators, Bonk could continue to climb shortly. .article_register_shortcode { padding: 18px 24px; border-radius: 8px; display: flex; align-items: center; margin: 6px 0 22px; border: 1px solid #0052CC4D; background: linear-gradient(90deg, rgba(255, 255, 255, 0.1) 0%, rgba(0, 82, 204, 0.1) 100%); } .article_register_shortcode .media-body h5 { color: #000000; font-weight: 600; font-size: 20px; line-height: 22px; text-align:left; } .article_register_shortcode .media-body h5 span { color: #0052CC; } .article_register_shortcode .media-body p { font-weight: 400; font-size: 14px; line-height: 22px; color: #171717B2; margin-top: 4px; text-align:left; } .article_register_shortcode .media-body{ padding-right: 14px; } .article_register_shortcode .media-button a { float: right; } .article_register_shortcode .primary-button img{ vertical-align: middle; width: 20px; margin: 0; display: inline-block; } @media (min-width: 581px) and (max-width: 991px) { .article_register_shortcode .media-body p { margin-bottom: 0; } } @media (max-width: 580px) { .article_register_shortcode { display: block; padding: 20px; } .article_register_shortcode img { max-width: 50px; } .article_register_shortcode .media-body h5 { font-size: 16px; } .article_register_shortcode .media-body { margin-left: 0px; } .article_register_shortcode .media-body p { font-size: 13px; line-height: 20px; margin-top: 6px; margin-bottom: 14px; } .article_register_shortcode .media-button a { float: unset; } .article_register_shortcode .secondary-button { margin-bottom: 0; } } Never Miss a Beat in the Crypto World! 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BONK shows bullish technicals, but future gains depend on market strength and holding key support levels. How does Bitcoin’s price affect BONK? BONK often rises when Bitcoin surges, as overall crypto market strength boosts meme coin performance. How high will Bonk go in 2025? The Bonk memecoin price is expected to go as high as $0.0000244 in 2025.