BONK, a Solana-based memecoin, experienced a significant rally, soaring 21% within 24 hours, making it one of the top-performing cryptocurrencies. The surge has been attributed to rising speculation surrounding a potential 2x leveraged BONK ETF by Tuttle Capital, alongside buzz from nearing the milestone of 1 million holders. The price recently traded around $0.00001673, with intraday fluctuations reflecting strong trader activity. Technical analysis reveals that BONK has broken out of both falling wedge and symmetrical triangle patterns, signifying a shift toward potential expansion. Analysts note firm support levels at $0.000013 and resistance at $0.000018, with an anticipated breakout unlocking further upside potential. Fueling the bullish sentiment is the forthcoming 1 trillion token burn that could considerably tighten supply and amplify buying pressure, with the number of holders currently exceeding 943,000. This rally aligns with broader Solana ecosystem growth, indicating BONK's readiness for a sustained breakout in the near term.

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