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What's next for BONK after hitting a roadblock at $0.000018?

As the price of Bitcoin (BTC) retests its important resistance level of $60,000, the crypto market has regained momentum over the past few hours. Moreover, the market has recorded a jump of 1.97% within the past day and is currently valued at $2.09 Trillion.

Holders of popular Solana meme coin Bonk ($BONK) are turning their attention to a new meme coin ICO after the low-utility meme coin posted notable depreciation recently.

BONK price attempted a recovery move this week, but as the $0.000017+ surge crumbled into a seismic dump, traders quietly snapped up a rival meme coin.

Despite brief moments of potential recovery, most of meme coins had a challenging week. Popular tokens like Bonk (BONK) and Pepe (PEPE) saw their prices drop by double digits.

The popular memecoin has done well enough, but can it do much better?

Bonk (BONK), the popular Solana-based meme coin, is defying the market trend and is poised for a massive price surge despite bearish sentiment. With an impressive 4% price surge, it has gained significant attention from the crypto community resulting in its open interest skyrocketing by 16% in the last 24 hours.

The Bonk (BONK) price dipped around 2% on Thursday, per data presented by TradingView, amid sluggish trading conditions across the broader cryptocurrency market, with some asking if now is a good time to buy the dip.

Binance Pay unveils a promotion offering users the chance to win up to 2,400,000 BONK for qualified purchases made this September.

BONK has respected the range extremes over the past month.

The market cap of the meme coin sector is down over 6% in the past 24 hours.

Crypto analyst Man of Bitcoin recently provided insights into Bonk's (BONK) trajectory using the Elliot Wave Theory. As part of his analysis, the analyst revealed how high the Solana meme coin could rise on its next leg up.

Bonk has experienced sustained gains over the past week surging by 18.77%.

Altcoins SATS, dogwifhat, FET, and Bonk have all surged over 10% over the past day to rank as the top gainers in the crypto market, as Bitcoin, the leading cryptocurrency by market cap, jumped over $64,000 in the same timeframe.

Dogecoin Rivals – Shiba Inu (SHIB), Floki, Pepe coin (PEPE), Dogwifhat (WIF), and BONK are set to attract investor interest as DOGE price has been stuck in a five-month correction. Despite the recent market rebound, Dogecoin price projects no clear sign of bottom formation, projecting the risk of further sell-off.

Veteran cryptocurrency trader Unipcs, who gained widespread attention for turning a modest $16,000 investment into over $18 million through a single trade involving the meme coin BONK, is now predicting a massive surge in the meme coin market.

BONK may have been falling on the price charts, but will that change soon?

BONK price surged 3% to $0.000018 on Wednesday's trading session as Bitcoin price jumped above $60000 psychological level. This Solona-based meme coin has risen for three consecutive days, indicating a renewed buying momentum and potential bottom formation.

Veteran trader Unipcs, known for his $18 million profit from a single Bonk (CRYPTO: BONK) trade, has set his sights on BONK and Floki (CRYPTO: FLOKI) as the potential frontrunners in the next meme coin surge. What Happened: Unipcs predicts the overall meme coin market could reach $300 billion, with these two tokens at the forefront of this explosive growth, in an interview with crypto trading platform Bybit.

Meme coins, which have been battered recently, were some of the best-performing coins on Tuesday as investors focused on the upcoming Fed minutes and Jackson Hole meeting in the United States. Brett, the top token in Base Blockchain, surged by over 24% while Dogwifhat (WIF), Floki, and Pepe soared by double digits.

BONK price plunged 1.6% to $0.000019 on Monday, bucking the general uptick in the broader crypto market. While the Bitcoin attempt to regain $60000 has uplifted most of the major altcoins, the meme cryptocurrency sector struggle follows.

BONK price is currently looking to break out of a bullish pattern it is currently moving in, which may not happen.

As Bitcoin (BTC) continues to traverse sideways, the altcoins are certainly not going to outperform. This is even more so the case with memecoins.

As Bonk trading volumes surge back above $100 million, per Yahoo Finance data, the Bonk price could be set to explode.