BONK maintained its upward structure after holding above recent breakout levels, drawing attention from traders seeking exposure to Solana ecosystem tokens. The price sits at $0.00001316, showing a +0.91% gain in the last 24 hours, and its market cap reached $1.08B. Strong volume and a firm technical setup support optimism for continuation, with market participants watching for a move toward the next resistance if buying demand remains steady.
BONK showed sustained strength on Monday, extending recent gains and holding firmly above a key breakout region that traders have monitored closely. The token’s advance has been reinforced by solid trading activity, structured price action, and rising confidence around Solana-based meme assets. BONK currently trades at $0.00001316, up +0.91% in the past 24 hours, while the project now holds a market capitalization of $1.08B.
Market observers highlight that BONK has remained within a clearly defined rising channel since moving above the $0.00001320 level last week. That shift signaled buyers stepping up, allowing the token to pursue higher targets despite periods of intraday profit taking. Momentum from the prior breakout continues to be visible, supported by active participation across leading trading pairs.
Trading Activity and Market Behavior
Recent volume has been a constructive signal for short-term traders. More than 850B BONK traded in the last session, around 82% above the typical daily average. This level of participation helps validate upward movement, as it reflects conviction rather than thin-volume spikes. Throughout the day, BONK experienced several quick bursts of buying, including a 14.2B BONK surge late in the session, before easing slightly as short-term holders booked profits.
Price action has displayed consistent higher lows forming between $0.00001300 and $0.00001327, indicating that buyers are raising their bids. This behavior gives the market room to stabilize and form a base for further progress. Technical models show BONK near the mid-channel area around $0.00001332, often considered a balancing zone before a potential next leg.
Outlook and Key Levels to Watch
For traders monitoring a continuation, sustained volume above 500B BONK would support another attempt toward the $0.00001350 region. A solid close above that level may unlock a broader advance, particularly if Solana-linked assets continue attracting inflows this week. On the downside, holding above $0.00001300 remains the key area to preserve the current constructive setup. Market participants are also keeping an eye on general crypto sentiment, as broader bullish trends in the Solana ecosystem could further enhance BONK’s potential trajectory.