Solana News Today: BONK Rises 3.02% as Traders Battle Key Resistance at $0.00002640

BONK, a memecoin on the Solana blockchain, has shown a 1.7% price increase over the past 24 hours, with prices fluctuating between $0.00002485 and $0.00002645. According to CoinDesk Research, the trading spread during this period was $0.00000160 [8]. The price rebounded from a low on August 7 at 16:00 UTC, reaching a high during the European morning session, but encountered significant resistance at $0.00002640, limiting further upward movement [8].

Active trading was observed within the $0.00002550–$0.00002600 range, with several short-term dips quickly rebounding. A volume spike of 48.86 billion tokens at 12:07 UTC was recorded as an attempt to push the price above $0.00002615, but this effort was met with resistance [8]. Analysts noted that the high concentration of buy orders between $0.00002580–$0.00002610 indicates strong liquidity and investor interest in this range [8].

The broader memecoin market remains volatile, with investors adopting a cautious approach and shifting toward more established assets amid uncertainty [8]. BONK’s price movements are largely driven by speculative trading and social media trends rather than by fundamental developments, a pattern common across the memecoin sector [6].

Short-term forecasts for BONK vary. DroomDroom predicts a five-day price high of $0.000030 on August 7, 2025, reflecting a 16.19% increase [3]. In contrast, Bitget forecasts a 12.63% decline by July 2025, with a projected price of $0.00002670 [1]. These conflicting projections underscore the speculative nature of the token.

BONK has seen a 3.02% price rise in the last 24 hours, with a trading volume of $472.87M [5]. This suggests continued market interest, but the token's future remains uncertain. Binance notes that BONK may not reach $1 in 2025 but could still offer short-term gains for traders who understand its volatility [2].

Unlike many Ethereum-based memecoins, BONK's growth has been more organically driven by community participation rather than paid influencers [8]. This organic approach may give BONK a unique position in the memecoin space, but it also makes the token highly sensitive to external market factors such as crypto trends and regulatory changes.

Coinspeaker emphasizes that BONK lacks a clear long-term roadmap and remains heavily influenced by speculation [6]. Traders are advised to closely monitor market sentiment and social media for potential price catalysts.

In summary, BONK’s price journey remains unpredictable in the short term, with strong resistance at $0.00002640 and active buying between $0.00002580–$0.00002610 indicating a critical price range to watch. While some forecasts suggest short-term upside potential, the lack of long-term fundamentals means BONK remains a high-risk asset. Investors are encouraged to stay informed about Solana network developments and broader market conditions as they may significantly influence the token’s future.

Source:

[1] Bitget, Bonk(BONK)Price prediction,

https://www.bitget.com/price/bonk/price-prediction

[2] Binance, Could Any of Them Hit $1 in 2025?,

https://www.binance.com/en/square/post/28026654363873

[3] DroomDroom, Bonk (BONK) price right now, BONK to USD real-time price,

http://droomdroom.com/price/bonk-bonk

[5] Bitget, Bonk price USD live chart (BONK/USD),

https://www.bitget.com/price/bonk

[6] Coinspeaker, Best Meme Coins to Buy in August 2025,

https://www.coinspeaker.com/guides/best-meme-coins-to-buy/

[8] CryptoWeekly, Solana Vs Ethereum: How Bonk Arena Redefines Web3,

https://cryptoweekly.co/news/solana-vs-ethereum-bonk-arena/