According to @KookCapitalLLC, the Solana-based memecoin BONK is showing bullish signals driven by significant trading activity and key catalysts. Speculation is mounting around a proposed 2x leveraged BONK ETF from Tuttle Capital Management, which filed an amendment setting July 16 as the earliest possible effective date, pending regulatory approval. Further fueling momentum is an upcoming 1 trillion token burn, which will be triggered when BONK reaches 1 million holders; it currently has over 943,000. From a technical perspective, BONK has broken out of both falling wedge and symmetrical triangle patterns. Analysts identify strong support at $0.000013 and immediate resistance near $0.000018. A decisive break above this resistance could pave the way for a rally toward $0.00003372, representing a potential 100% upside from current levels.

According to @AltcoinGordon, the Solana-based memecoin BONK (BONK) is leading the current altcoin rally, fueled by Bitcoin's (BTC) strength. Several bullish catalysts support this momentum, including its launchpad, LetsBONK.fun, surpassing a competitor in daily volume, with 50% of revenue used to buy and burn BONK tokens. Further positive price pressure is expected from an upcoming 1 trillion token burn when the project reaches one million holders. Additionally, Tuttle Capital Management has confirmed a potential July 16 launch for a 2x leveraged BONK ETF. From a technical standpoint, BONK-USD surged from $0.0000147 to a peak of $0.0000175, establishing key support levels at $0.0000157 and more recently at $0.00001619 after significant volatility. However, traders should note that social media platform X suspended several memecoin-related accounts, including Pump.fun, creating potential uncertainty in the sector.

According to @AltcoinGordon, the Solana-based memecoin BONK (BONK) is leading the altcoin rally, driven by Bitcoin's (BTC) recovery and several project-specific catalysts. Key bullish factors include the upcoming launch of a 2x leveraged BONK ETF by Tuttle Capital Management, with a potential date as early as July 16, and a massive 1 trillion token burn scheduled to occur when the coin reaches 1 million holders. The source also notes that the LetsBONK.fun launchpad is contributing to positive price pressure by using 50% of its revenue to buy and burn BONK. From a technical perspective, BONK has broken out of bullish falling wedge and symmetrical triangle patterns. Analysis cited in the report identifies firm support at $0.000013 and key resistance near $0.000018. A decisive break above this resistance could pave the way for a potential 100% rally toward the $0.00003372 price target.