Bonk (BONK) dominates the market: He's at the top!

The memecoin Bonk (BONK), the apple of the eye of the Solana (SOL) ecosystem, has taken flight with the recovery of the market.

Bonk, the most popular memecoin in the Solana ecosystem, has put its foot down on the gas amid the rise of Bitcoin (BTC). BONK, which lost much more value than other altcoins during the interim correction process, is considered to have compensated for this situation with its latest move. The popular coin, which has increased by 45 percent in the last 24 hours, grabbed the top of the "Most Very Risers" list, giving a big lead to Astar, which is in second place.

BTC's recovery felt like medicine!

BTC, the BONK, which fell sharply during the process of throwing a needle at $ 40,500, was able to get up from where it fell. The memecoin, which lit the fuse at $0.00000932, reached $0.00001360 in a short time, marking a total increase of 45.82 percent.

Currently trading at $0.00001275, BONK can target $0.00001490 – 0.00001871 – 0.00001736 – 0.00001787 – 0.00001871 – 0.00002057 – 0.00002173 and 0.00002287, respectively, if it settles above $0.00001333. In particular, the red box will play a critical role in the short-to-medium-term price structure.

If the memecoin hype remains in the background, the BTC reverses its course downwards or the BTC dominance increases, BONK will negatively affect the price. In such a scenario, drops to $0.00001238 – $0.00001065 and $0.00000990 can be observed, respectively.