Jakarta, Pintu News – The meme coin market has experienced a slow revival in recent weeks. Since June 23, the total market capitalization of memecoins increased by more than 13%, reflecting a gradual regrowth.
Bonk.Fun, a Solana (SOL) based platform that allows anyone to create and trade meme tokens, is at the center of this latest surge.
Several meme coins in its ecosystem recorded significant gains over the past week, making it a noteworthy asset in the new trading week.
A reading of the USELESS/USD daily chart shows that the meme coin has recorded a new daily price peak since June 5. As of July 6, USELESS was trading at $0.29, the price of this meme coin has skyrocketed by more than 740% in the past month.
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The token’s rising Chaikin Money Flow (CMF) confirms that USELESS’ price rally is supported by significant buying pressure. This momentum indicator, which measures the inflow and outflow of funds from an asset, stands at 0.13 and continues to rise.

Positive CMF readings such as this indicate the presence of strong buying pressure in the market. If buying activity continues, USELESS has the potential to retest its high of $0.305.
On the other hand, if profit-taking increases sharply, the token’s price could drop to $0.234.
HOSICO is another meme coin in the BONK ecosystem worth keeping an eye on this week. The price of HOSICO has risen 135% in the past week and is currently trading at $0.067.
Despite the general market decline, HOSICO has recorded a 16% gain in the last 24 hours (6/7). To give you an idea, the altcoin touched an all-time high of $0.069 during today’s trading session.

As of July 6, HOSICO’s daily trading volume has increased by 30% to $12 million. When the price and trading volume of an asset increase simultaneously, it signals strong market interest and high trading activity.
Price increases accompanied by large volumes indicate that the uptrend is driven by real demand.
This combination is a signal of strength in the HOSICO market and could push its price to new highs in the near future. If token accumulation continues, HOSICO’s price could break back to its highest price and surpass it.
However, if demand decreases, the price of this meme coin risks dropping to $0.055.
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LetsBONK has gained 239% in the last seven days, making it one of the meme coins of the BONK ecosystem worth monitoring. As of July 6, the token’s Aroon Up line stands at 100%. This shows that the uptrend is strong and not just driven by speculation.
The Aroon indicator measures the strength and direction of a trend by tracking the time since the highest and lowest prices in a given period. It consists of two lines: Aroon Up, which measures upward momentum(bullish), and Aroon Down, which measures downward pressure(bearish).

In the case of LetsBONK, when the Aroon Up line is at the 100 level, it means that the asset has just reached a new high price, signaling a strong upward momentum.
If demand continues to strengthen, the price of LetsBONK could potentially reach $0.127 and try to break above that level. Conversely, if demand weakens, the price of this token could drop to the $0.084 range.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
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*Featured Image: CryptoRank
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