Bonk Surges 26% Gains In 7 Days: Why Is It Outperforming Dogecoin, Shiba Inu?

Bonk BONK/USD has seen a 26% surge over the past week, prompting traders to anticipate a breakout.

If key resistance levels are cleared, many believe a strong bullish run could follow.

What Happened: Crypto trader CW notes that Bonk has broken out of a falling wedge pattern, a strong technical signal for an uptrend. With only two remaining sell walls, a clean breakout could confirm the start of a major rally.

Prominent trader Mayne sees Bonk as a leading indicator for meme coins, already up 70% after sweeping January 2024 lows.

While resistance remains, reclaiming it would confirm a bullish structure. However, if the market turns lower again, the next major support is significantly lower.

$Bonk

Good barometer for memes.

Up 70% after taking out all the lows going back to Jan 2024.

Clear resistance above us to reclaim if we want to consider the bottom being in.

If the market does rotate lower again next support is significantly lower. pic.twitter.com/lJdB0Rh6eX

— Mayne (@Tradermayne) March 24, 2025

Altcoin Sherpa confirms he is holding a small bag of BONK for the near future.

Also Read: Bonk Leads Memecoin Rally As This Indicator Flashes ‘Buy,’ But Dogecoin, Shiba Inu Not Too Far Behind

Why It Matters: Bonk’s 26% gains over the past seven days significantly outperform Dogecoin’s and Shiba Inu’s single-digit increases of around 6% and 4%, respectively.

Prominent trader Unipcs noted that Bonk continues to show exceptional strength against Solana SOL/USD and other top meme coins, particularly during market bounces.

According to the trader, it acts as a 3x leveraged bet on SOL without the risks of liquidation and remains the primary Solana meme coin. This makes it a clear proxy for betting on Solana's growth.

Bonk has demonstrated remarkable resilience, maintaining around $1 billion market cap, while other meme coins saw significant declines.

It is also one of the few meme coins with an ETF filing, with a decision expected by April, and its ETP has already been approved.

Moreover, BonkBot generates substantial buy/sell pressure, regularly burning large amounts of BONK, while its staking model reduces sell pressure without inflationary emissions.

With strong fundamentals and multiple catalysts ahead, BONK stands out as one of the best-positioned meme coins for a sector resurgence.

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