On September 22, Solana-based memecoins BONK and WIF rallied sharply, supported by robust trading volume, even as the market digested BONK’s removal from Upbit’s KRW and USDT markets earlier in the month. BONK climbed 17.92% to $0.0000036, while WIF gained 21.7% to $0.2483, outperforming broader meme tokens like DOGE, PEPE, and SHIB.
Technical indicators show BONK breaking above its 20-day ($0.00000337) and 50-day ($0.00000316) moving averages, as well as the Ichimoku Kijun level at $0.00000331. Momentum signals such as MACD, ADX, and the Awesome Oscillator turned bullish, and RSI reached 66.6. However, Stoch RSI and CCI entered overbought territory, suggesting a potential short-term pullback. Crucially, BONK remains below its 200-day moving average at $0.00000462, a key resistance level.
The rally came despite BONK being delisted from Upbit’s KRW and USDT markets on September 7 due to an unresolved review. Upbit continues to support withdrawals until October 7, giving holders time to transfer assets. This delisting still poses liquidity challenges for BONK.
Data from CoinGecko and BSCNews showed strong volume: BONK at $106.7 million and WIF at $152.8 million (nearly 61% of its market cap). The price action varied slightly across snapshots, highlighting the volatile nature of memecoins during high-volume sessions.
Indian crypto traders can monitor BONK and WIF on major global exchanges as both tokens maintain outperformance relative to the broader market. The next price moves will likely depend on volume sustainability and BONK’s ability to overcome the MA-200 resistance.
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