BONK memecoin rallies over 50% since mid-August, breaking key resistance but still far from July highs.

BONK has surged 51.8% from its August 13 low, breaking a descending resistance line dating back to May. This marks a potential shift from its bearish trend since February 2025, though it remains 91.7% below its July 2025 peak. Recent gains show strong buying interest and momentum, supported by increased trading volume and capital inflows. However, the continuation of this rally depends on Bitcoin's price movements and whether BONK can hold above key resistance levels around $0.00000338 to $0.0000041.