The memecoin mania has returned in full swing, and FLOKI and BONK are leading the charge with explosive rallies. While the broader market strolls cautiously, these two assets have bucked the trend, delivering double-digit gains. The drive for their rallies comes from technical breakouts and strong fundamental catalysts.
As trading volumes surge and momentum builds, traders are curious if this bullish momentum can push both coins to fresh local highs, or even retest all-time highs. Join me as I decode the same in this price analysis.
FLOKI has seen a remarkable 32.63% price increase in just 24 hours, with a weekly gain of 42.2%. It currently trades at $0.0001307 after breaking out from a critical resistance zone around $0.000088. The surge was catalyzed by a series of bullish developments, including the play-to-earn game Valhalla crossing 1 million transactions and 125,000 NFT mints on the opBNB mainnet. The sharp price move pushed FLOKI above its prior resistance at $0.00009681, turning it into new support.
On the technical front, RSI has soared to an overbought score of 76.36. However, this often reflects strong bullish momentum rather than an imminent reversal in memecoin rallies. The next resistance for FLOKI lies around $0.000137, with potential to test $0.000168 if the momentum persists.
BONK is outpacing most of its rivals with a 24.27% daily and 78.04% weekly price rally. Trading at $0.00003924, BONK surged past a long-standing resistance at $0.00002434. The bullish sentiment was significantly driven by Grayscale adding BONK to its Q3 2025 watchlist, a massive credibility boost. Furthermore, the BONK DAO burned 100 billion tokens worth $3.4 million, tightening supply amid growing demand.
Technically speaking, the RSI is at 85.92, well into overbought territory. Still, traders seem unfazed as the price action targets the next resistance near $0.00004681. The 60.78% spike in 24-hour trading volume to $2.41 billion confirms strong market participation. If bullish momentum holds, BONK could also aim for its ATH of $0.00005916.
Both tokens are in overbought zones, so caution is advised. Short-term dips could offer better entries.
Key drivers include the success of FLOKI’s Valhalla game, NFT mints, and a technical breakout above resistance.
BONK’s surge is backed by Grayscale’s endorsement, a large token burn, and increased ecosystem activity.
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