<img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDQvMDE5Njc4MzUtYjI2OC03YWE2LThlOTgtZTY0ODU3ZWE3NzA2.jpg"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDQvMDE5Njc4MzUtYjI2OC03YWE2LThlOTgtZTY0ODU3ZWE3NzA2.jpg" alt="Bitcoin price chart looks set for $100K, SUI, AVAX, TRUMP and TAO expected to follow">Key points:<ul><li>Bitcoin booked a 10% gain in the past week and technical indicators remain bullish going into a new week.</li><li>Analysts expect Bitcoin to gain an additional 40% by the end of the year</li><li>Select altcoins are showing a positive bias on improving crypto sentiment.</li></ul>Bitcoin (<a data-ct-non-breakable="null" href="https://cointelegraph.com/bitcoin-price" rel="null" target="null" text="null" title="null">BTC</a>) rose more than 10% this week as buyers made a strong comeback, pushing the price to the overhead resistance at $95,000. Although buyers are struggling to clear the overhead hurdle, a positive sign is that they have not given up much ground to the bears.The sharp up move is backed by solid buying in the US spot Bitcoin exchange-traded funds (ETFs), which witnessed <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/us-spot-bitcoin-etfs-consecutive-inflow-week-significant-inflows" rel="null" target="null" text="null" title="null">inflows of $3.06 billion</a>, according to Farside Investors data. Bloomberg ETF analyst Eric Balchunas said in a post on X that it was really notable to see &ldquo;HOW FAST the flows can go from 1st gear to 5th gear.&rdquo;<figure><img alt="Bloomberg, Cryptocurrencies, Bitcoin Price, Markets, Cryptocurrency Exchange, Price Analysis, Market Analysis, Avalanche, Bitcoin ETF, ETF, SUI" src="https://s3.cointelegraph.com/uploads/2025-04/0196793f-fcab-7f98-819b-421767be531f" title=""><figcaption style="text-align: center;">Crypto market data daily view. Source: <a data-ct-non-breakable="null" href="https://coin360.com" rel="null" target="null" text="null" title="https://coin360.com">Coin360</a></figcaption></figure>After Bitcoin&rsquo;s recovery, 21st Capital co-founder Sina said in a post on X that Bitcoin reclaimed the power-law price. Sina&rsquo;s Bitcoin Quantile Model projects <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-power-law-model-forecasts-200-k-btc-price-in-2025" rel="null" target="null" text="null" title="null">Bitcoin to reach between $130,000 and $163,000</a> before the end of 2025. Anonymous Bitcoin analyst apsk32 had an even bigger target of more than $200,000 for Bitcoin in Q4 of this year.Could Bitcoin maintain its momentum and rise above the overhead resistance? Let&rsquo;s study the charts of the cryptocurrencies that look strong in the near term.<h2>Bitcoin price prediction</h2>Bitcoin has been witnessing a tough battle between the bulls and the bears near the crucial $95,000 level.<figure><img src="https://s3.cointelegraph.com/uploads/2025-04/0196781c-ecdb-7947-a2c6-762b0fc28c22" title="" alt="Bitcoin price chart looks set for $100K, SUI, AVAX, TRUMP and TAO expected to follow"><figcaption style="text-align: center;">BTC/USDT daily chart. Source: Cointelegraph/TradingView</figcaption></figure>The upsloping 20-day exponential moving average ($88,619) and the relative strength index (RSI) near the overbought zone indicate that bulls are in command. A close above $95,000 could propel the BTC/USDT pair to $100,000 and eventually to $107,000. Sellers are expected to aggressively defend the zone between $107,000 and $109,588.The 20-day EMA is the critical near-term support to watch out for because a break below it brings the large $95,000 to $73,777 range into play.<figure><img src="https://s3.cointelegraph.com/uploads/2025-04/0196781c-f286-7b1f-8353-ebeac50f3ab9" title="" alt="Bitcoin price chart looks set for $100K, SUI, AVAX, TRUMP and TAO expected to follow"><figcaption style="text-align: center;">BTC/USDT 4-hour chart. Source: Cointelegraph/TradingView</figcaption></figure>The 4-hour chart shows the bears are fiercely defending the $95,000 level but are struggling to sink the pair below the 20-EMA. If the price rebounds off the 20-EMA, it enhances the prospects of a break above $95,000. The pair could then surge to $100,000.Instead, if the price maintains below the 20-EMA, the pair could tumble to the 50-simple moving average. This is an important level for the bulls to defend because a break below it could pull the pair to $86,000.<h2>Sui price prediction</h2>Sui (<a data-ct-non-breakable="null" href="https://cointelegraph.com/sui-price-index" rel="null" target="null" text="null" title="null">SUI</a>) has been facing resistance near $3.90, but the shallow pullback suggests that the bulls are in no hurry to dump their positions.<figure><img src="https://s3.cointelegraph.com/uploads/2025-04/0196781c-f7a8-7aae-bf8a-4fe1ed58606c" title="" alt="Bitcoin price chart looks set for $100K, SUI, AVAX, TRUMP and TAO expected to follow"><figcaption style="text-align: center;">SUI/USDT daily chart. Source: Cointelegraph/TradingView</figcaption></figure>If the price stays above the 38.2% Fibonacci retracement level of $3.14, the bulls will make another attempt to shove the SUI/USDT pair above $3.90. If they can pull it off, the pair may skyrocket to $4.25 and then to $5.Contrary to this assumption, if the price turns down and breaks below $3.14, it signals the start of a deeper correction toward the 50% retracement level of $2.94. Buyers are expected to fiercely defend the zone between $2.94 and the 20-day EMA ($2.69).<figure><img src="https://s3.cointelegraph.com/uploads/2025-04/0196781c-fd2b-7aea-9219-97d4257c6285" title="" alt="Bitcoin price chart looks set for $100K, SUI, AVAX, TRUMP and TAO expected to follow"><figcaption style="text-align: center;">SUI/USDT 4-hour chart. Source: Cointelegraph/TradingView</figcaption></figure>The 4-hour chart shows that the pair is finding support at the 20-EMA, but the sellers are active at higher levels. The bears will again attempt to sink the pair below the 20-EMA. If they succeed, the pair could slump to $3.14.Buyers will have to swiftly push the price above the $3.81 to $3.90 overhead resistance zone if they want to retain the advantage. If they do that, the pair could start the next leg of the up move to $4.25.<h2>Avalanche price prediction</h2>Avalanche (<a data-ct-non-breakable="null" href="https://cointelegraph.com/avalanche-price-index" rel="null" target="null" text="null" title="null">AVAX</a>) has been range-bound between $23.50 and $15.27 for the past few days. In a range, traders usually buy near the support and sell close to the resistance.<figure><img src="https://s3.cointelegraph.com/uploads/2025-04/0196781d-0250-7b28-8faf-6ba0a3a285e8" title="" alt="Bitcoin price chart looks set for $100K, SUI, AVAX, TRUMP and TAO expected to follow"><figcaption style="text-align: center;">AVAX/USDT daily chart. Source: Cointelegraph/TradingView</figcaption></figure>Although buyers have failed to push the price above $23.50, a positive sign is that they have not ceded much ground to the bears. That increases the likelihood of a break above $23.50. If that happens, the AVAX/USDT pair will complete a double-bottom pattern, which has a target objective of $31.73.This optimistic view will be negated in the near term if the price turns down and breaks below the moving averages. The pair may then remain stuck inside the range for a few more days.<figure><img src="https://s3.cointelegraph.com/uploads/2025-04/0196781d-07a1-7410-82d0-d289c56b9c7f" title="" alt="Bitcoin price chart looks set for $100K, SUI, AVAX, TRUMP and TAO expected to follow"><figcaption style="text-align: center;">AVAX/USDT 4-hour chart. Source: Cointelegraph/TradingView</figcaption></figure>The pair has been consolidating in a narrow range between $21.60 and $23.10 for some time. That suggests the bulls are holding on to their positions as they anticipate another leg higher. If buyers propel the price above $23.10, the pair could surge to $25. There is resistance at $23.50, but it is likely to be crossed.Alternatively, a drop below $21.60 signals that the bulls have given up. That may pull the price down to $19.50.Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-trades-at-40-discount-as-spot-btc-etf-buying-soars-to-3-b-in-one-week" rel="null" target="null" text="null" title="null">Bitcoin trades at &lsquo;40% discount&rsquo; as spot BTC ETF buying soars to $3B in one week</a><h2>Official Trump price prediction</h2>Official Trump (TRUMP) surged above the $12.45 resistance on April 23 and held the retest of the breakout level on April 24.<figure><img src="https://s3.cointelegraph.com/uploads/2025-04/0196781d-0d39-7f5e-ad6e-ec8319edd09a" title="" alt="Bitcoin price chart looks set for $100K, SUI, AVAX, TRUMP and TAO expected to follow"><figcaption style="text-align: center;">TRUMP/USDT daily chart. Source: Cointelegraph/TradingView</figcaption></figure>A rally above $16 is attracting sellers, but a shallow pullback suggests that every minor dip is being purchased. If buyers drive the price above $16, the TRUMP/USDT pair may reach $17.69, where the bears are expected to mount a strong defense. However, if buyers bulldoze their way through, the pair could skyrocket to $19.60 and then to $22.40.Conversely, a deeper pullback suggests that the short-term bulls are booking profits. The zone between $11.56 and $12.45 is expected to act as a solid support.&nbsp; If the price rebounds off the support zone, the pair may swing between $11.56 and $16 for some time. Selling could accelerate if the pair breaks below the 20-day EMA ($10.73).<figure><img src="https://s3.cointelegraph.com/uploads/2025-04/0196781d-12e4-7273-8fb6-b6fb00bec41d" title="" alt="Bitcoin price chart looks set for $100K, SUI, AVAX, TRUMP and TAO expected to follow"><figcaption style="text-align: center;">TRUMP/USDT 4-hour chart. Source: Cointelegraph/TradingView</figcaption></figure>The pair turned down from $16 but is finding support near the 20-EMA on the 4-hour chart. That suggests the bulls are active at lower levels. Buyers will try to push the price above the $16 overhead resistance, starting the next leg of the uptrend.Contrarily, a break and close below the 20-EMA suggests that the bullish momentum has weakened. The pair may then slump to $14 and later to the solid support near $12. Sellers will be back in the driver&rsquo;s seat on a drop below $11.50.<h2>Bittensor price prediction</h2>Bittensor (<a data-ct-non-breakable="null" href="https://cointelegraph.com/bittensor-price-index" rel="null" target="null" text="null" title="null">TAO</a>) broke and closed above the downtrend line on April 20, suggesting that the bears are losing their grip.<figure><img src="https://s3.cointelegraph.com/uploads/2025-04/0196781d-17fe-7f36-b1e4-36437f931e4c" title="" alt="Bitcoin price chart looks set for $100K, SUI, AVAX, TRUMP and TAO expected to follow"><figcaption style="text-align: center;">TAO/USDT daily chart. Source: Cointelegraph/TradingView</figcaption></figure>The up move is facing resistance at $375, but the pullback is expected to find support at the 20-day EMA ($298). A solid bounce off the 20-day EMA signals a change in sentiment from selling on rallies to buying on dips. The bulls will then attempt to drive the TAO/USDT pair above $375. If they succeed, the next stop may be $495.Contrary to this assumption, if the price turns down and breaks below the downtrend line, it will indicate that the markets have rejected the breakout. The pair then risks falling to $222.<figure><img src="https://s3.cointelegraph.com/uploads/2025-04/0196781d-1dbb-7432-80e1-2761a87c4694" title="" alt="Bitcoin price chart looks set for $100K, SUI, AVAX, TRUMP and TAO expected to follow"><figcaption style="text-align: center;">TAO/USDT 4-hour chart. Source: Cointelegraph/TradingView</figcaption></figure>The pullback is finding support at the 20-EMA on the 4-hour chart. Buyers will try to resume the up move by pushing the price above the $375 resistance. If they manage to do that, the pair could reach $425.Sellers are likely to have other plans. They will try to sink the price below the 20-EMA, opening the doors for a drop to the 50-SMA and later to the downtrend line. A break below the downtrend line tilts the advantage in favor of the bears.This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.<template data-name="subscription_form" data-type="markets_outlook" label="Subscription Form: Markets Outlook"></template>

Key points:

Bitcoin booked a 10% gain in the past week and technical indicators remain bullish going into a new week.

Analysts expect Bitcoin to gain an additional 40% by the end of the year

Select altcoins are showing a positive bias on improving crypto sentiment.

Bitcoin (BTC) rose more than 10% this week as buyers made a strong comeback, pushing the price to the overhead resistance at $95,000. Although buyers are struggling to clear the overhead hurdle, a positive sign is that they have not given up much ground to the bears.
The sharp up move is backed by solid buying in the US spot Bitcoin exchange-traded funds (ETFs), which witnessed inflows of $3.06 billion, according to Farside Investors data. Bloomberg ETF analyst Eric Balchunas said in a post on X that it was really notable to see “HOW FAST the flows can go from 1st gear to 5th gear.”
Crypto market data daily view. Source: Coin360
After Bitcoin’s recovery, 21st Capital co-founder Sina said in a post on X that Bitcoin reclaimed the power-law price. Sina’s Bitcoin Quantile Model projects Bitcoin to reach between $130,000 and $163,000 before the end of 2025. Anonymous Bitcoin analyst apsk32 had an even bigger target of more than $200,000 for Bitcoin in Q4 of this year.
Could Bitcoin maintain its momentum and rise above the overhead resistance? Let’s study the charts of the cryptocurrencies that look strong in the near term.
Bitcoin price prediction
Bitcoin has been witnessing a tough battle between the bulls and the bears near the crucial $95,000 level.
BTC/USDT daily chart. Source: Cointelegraph/TradingView
The upsloping 20-day exponential moving average ($88,619) and the relative strength index (RSI) near the overbought zone indicate that bulls are in command. A close above $95,000 could propel the BTC/USDT pair to $100,000 and eventually to $107,000. Sellers are expected to aggressively defend the zone between $107,000 and $109,588.
The 20-day EMA is the critical near-term support to watch out for because a break below it brings the large $95,000 to $73,777 range into play.
BTC/USDT 4-hour chart. Source: Cointelegraph/TradingView
The 4-hour chart shows the bears are fiercely defending the $95,000 level but are struggling to sink the pair below the 20-EMA. If the price rebounds off the 20-EMA, it enhances the prospects of a break above $95,000. The pair could then surge to $100,000.
Instead, if the price maintains below the 20-EMA, the pair could tumble to the 50-simple moving average. This is an important level for the bulls to defend because a break below it could pull the pair to $86,000.
Sui price prediction
Sui (SUI) has been facing resistance near $3.90, but the shallow pullback suggests that the bulls are in no hurry to dump their positions.
SUI/USDT daily chart. Source: Cointelegraph/TradingView
If the price stays above the 38.2% Fibonacci retracement level of $3.14, the bulls will make another attempt to shove the SUI/USDT pair above $3.90. If they can pull it off, the pair may skyrocket to $4.25 and then to $5.
Contrary to this assumption, if the price turns down and breaks below $3.14, it signals the start of a deeper correction toward the 50% retracement level of $2.94. Buyers are expected to fiercely defend the zone between $2.94 and the 20-day EMA ($2.69).
SUI/USDT 4-hour chart. Source: Cointelegraph/TradingView
The 4-hour chart shows that the pair is finding support at the 20-EMA, but the sellers are active at higher levels. The bears will again attempt to sink the pair below the 20-EMA. If they succeed, the pair could slump to $3.14.
Buyers will have to swiftly push the price above the $3.81 to $3.90 overhead resistance zone if they want to retain the advantage. If they do that, the pair could start the next leg of the up move to $4.25.
Avalanche price prediction
Avalanche (AVAX) has been range-bound between $23.50 and $15.27 for the past few days. In a range, traders usually buy near the support and sell close to the resistance.
AVAX/USDT daily chart. Source: Cointelegraph/TradingView
Although buyers have failed to push the price above $23.50, a positive sign is that they have not ceded much ground to the bears. That increases the likelihood of a break above $23.50. If that happens, the AVAX/USDT pair will complete a double-bottom pattern, which has a target objective of $31.73.
This optimistic view will be negated in the near term if the price turns down and breaks below the moving averages. The pair may then remain stuck inside the range for a few more days.
AVAX/USDT 4-hour chart. Source: Cointelegraph/TradingView
The pair has been consolidating in a narrow range between $21.60 and $23.10 for some time. That suggests the bulls are holding on to their positions as they anticipate another leg higher. If buyers propel the price above $23.10, the pair could surge to $25. There is resistance at $23.50, but it is likely to be crossed.
Alternatively, a drop below $21.60 signals that the bulls have given up. That may pull the price down to $19.50.
Related: Bitcoin trades at ‘40% discount’ as spot BTC ETF buying soars to $3B in one week
Official Trump price prediction
Official Trump (TRUMP) surged above the $12.45 resistance on April 23 and held the retest of the breakout level on April 24.
TRUMP/USDT daily chart. Source: Cointelegraph/TradingView
A rally above $16 is attracting sellers, but a shallow pullback suggests that every minor dip is being purchased. If buyers drive the price above $16, the TRUMP/USDT pair may reach $17.69, where the bears are expected to mount a strong defense. However, if buyers bulldoze their way through, the pair could skyrocket to $19.60 and then to $22.40.
Conversely, a deeper pullback suggests that the short-term bulls are booking profits. The zone between $11.56 and $12.45 is expected to act as a solid support.  If the price rebounds off the support zone, the pair may swing between $11.56 and $16 for some time. Selling could accelerate if the pair breaks below the 20-day EMA ($10.73).
TRUMP/USDT 4-hour chart. Source: Cointelegraph/TradingView
The pair turned down from $16 but is finding support near the 20-EMA on the 4-hour chart. That suggests the bulls are active at lower levels. Buyers will try to push the price above the $16 overhead resistance, starting the next leg of the uptrend.
Contrarily, a break and close below the 20-EMA suggests that the bullish momentum has weakened. The pair may then slump to $14 and later to the solid support near $12. Sellers will be back in the driver’s seat on a drop below $11.50.
Bittensor price prediction
Bittensor (TAO) broke and closed above the downtrend line on April 20, suggesting that the bears are losing their grip.
TAO/USDT daily chart. Source: Cointelegraph/TradingView
The up move is facing resistance at $375, but the pullback is expected to find support at the 20-day EMA ($298). A solid bounce off the 20-day EMA signals a change in sentiment from selling on rallies to buying on dips. The bulls will then attempt to drive the TAO/USDT pair above $375. If they succeed, the next stop may be $495.
Contrary to this assumption, if the price turns down and breaks below the downtrend line, it will indicate that the markets have rejected the breakout. The pair then risks falling to $222.
TAO/USDT 4-hour chart. Source: Cointelegraph/TradingView
The pullback is finding support at the 20-EMA on the 4-hour chart. Buyers will try to resume the up move by pushing the price above the $375 resistance. If they manage to do that, the pair could reach $425.
Sellers are likely to have other plans. They will try to sink the price below the 20-EMA, opening the doors for a drop to the 50-SMA and later to the downtrend line. A break below the downtrend line tilts the advantage in favor of the bears.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Bitcoin surged 10% this week, with analysts predicting a potential 40% rise by year-end, while altcoins like SUI, AVAX, TRUMP, and TAO also show bullish momentum.  

Bitcoin price chart looks set for $100K, SUI, AVAX, TRUMP and TAO expected to follow

Spot Bitcoin ETFs saw a reversal of fortune last week, as a wave of institutional cash flooded into the market after weeks of lukewarm demand. Over the week between April 21 and April 25, spot Bitcoin ETFs accumulated just over $3 billion in net inflows, a significant sum that dwarfed the trickle of investments the [&#8230;]
The post <a href="https://cryptoslate.com/bitcoin-etf-demand-skyrockets-on-price-breakout-leading-to-largest-flows-in-2025/">Bitcoin ETF demand skyrockets on price breakout leading to largest flows in 2025</a> appeared first on <a href="https://cryptoslate.com">CryptoSlate</a>.

Spot Bitcoin ETFs saw a reversal of fortune last week, as a wave of institutional cash flooded into the market after weeks of lukewarm demand. Over the week between April 21 and April 25, spot Bitcoin ETFs accumulated just over $3 billion in net inflows, a significant sum that dwarfed the trickle of investments the […]
The post Bitcoin ETF demand skyrockets on price breakout leading to largest flows in 2025 appeared first on CryptoSlate.

** Spot Bitcoin ETFs experienced a dramatic surge in demand, with net inflows reaching over $3 billion between April 21 and April 25, marking a significant rebound after weeks of subdued interest. This influx was driven by institutional investors capitalizing on a Bitcoin price breakout, signaling strong market confidence and setting the stage for record flows in 2025.  

Bitcoin ETF demand skyrockets on price breakout leading to largest flows in 2025

<img width="768" height="432" src="https://static.news.bitcoin.com/wp-content/uploads/2025/04/coinbase-bitcoin-yield-fund-768x432.jpg" class="attachment-medium_large size-medium_large wp-post-image" alt="Coinbase Launches Bitcoin Yield Fund Targeting 8% With Minimal Risk" decoding="async" style="float:left; margin:0 15px 15px 0;" srcset="https://static.news.bitcoin.com/wp-content/uploads/2025/04/coinbase-bitcoin-yield-fund-300x169.jpg 300w, https://static.news.bitcoin.com/wp-content/uploads/2025/04/coinbase-bitcoin-yield-fund-1024x576.jpg 1024w, https://static.news.bitcoin.com/wp-content/uploads/2025/04/coinbase-bitcoin-yield-fund-768x432.jpg 768w, https://static.news.bitcoin.com/wp-content/uploads/2025/04/coinbase-bitcoin-yield-fund-190x107.jpg 190w, https://static.news.bitcoin.com/wp-content/uploads/2025/04/coinbase-bitcoin-yield-fund-380x214.jpg 380w, https://static.news.bitcoin.com/wp-content/uploads/2025/04/coinbase-bitcoin-yield-fund-760x428.jpg 760w, https://static.news.bitcoin.com/wp-content/uploads/2025/04/coinbase-bitcoin-yield-fund.jpg 1280w" sizes="(max-width: 768px) 100vw, 768px" />Coinbase unleashes a game-changing Bitcoin Yield Fund, offering powerful returns with minimized risk, revolutionizing institutional crypto investing and setting a new gold standard for secure yield. Coinbase Launches Bitcoin Yield Fund, Avoiding High-Risk Loans and Call Selling Crypto exchange Coinbase (Nasdaq: COIN) announced on April 28 the launch of the Coinbase Bitcoin Yield Fund (CBYF), [&#8230;]

Coinbase unleashes a game-changing Bitcoin Yield Fund, offering powerful returns with minimized risk, revolutionizing institutional crypto investing and setting a new gold standard for secure yield. Coinbase Launches Bitcoin Yield Fund, Avoiding High-Risk Loans and Call Selling Crypto exchange Coinbase (Nasdaq: COIN) announced on April 28 the launch of the Coinbase Bitcoin Yield Fund (CBYF), […]

Coinbase has introduced the Coinbase Bitcoin Yield Fund (CBYF), targeting an 8% annual yield with a focus on minimizing risk by avoiding high-risk loans and call selling. This new fund aims to attract institutional investors by offering a secure and lucrative way to earn returns on Bitcoin holdings.  

Coinbase Launches Bitcoin Yield Fund Targeting 8% With Minimal Risk

<img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDQvMDE5NjdkNjYtODY4My03NGVlLWI2NmUtNDYzNGUyNDhlYjIx.jpg"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDQvMDE5NjdkNjYtODY4My03NGVlLWI2NmUtNDYzNGUyNDhlYjIx.jpg" alt="BONK price gains 60% in a week as Solana memecoins make a comeback">Key takeaways:<ul><li>BONK price is up 73% since April 22, hitting a five-month high of $0.00002167.</li><li>BONK&rsquo;s open interest surged 290% to $43.2 million.&nbsp;</li></ul>Bonk (<a data-ct-non-breakable="null" href="https://cointelegraph.com/bonk-price-index" rel="null" target="null" text="null" title="null">BONK</a>), the second-largest Solana-based memecoin by market capitalization, is on track to continue the recovery it began on April 22. BONK has climbed approximately 73% from its April 22 low of around $0.00001247, bringing its price up to an intraday high of $0.00002167 on April 28.Data from <a data-ct-non-breakable="null" href="https://subscription.cointelegraph.com/?_gl=1*7499wx*_ga*MTQ0MzQ0NzI4Ny4xNzE2MzY1NTA0*_ga_53R24TEEB1*MTcxNjM2NTUwNC4xLjEuMTcxNjM2Njg2MC4wLjAuMA.." rel="null" target="null" text="null" title="null">Cointelegraph Markets Pro</a> and <a data-ct-non-breakable="null" href="https://www.tradingview.com/symbols/BTCUSD/?exchange=BINANCE" rel="null" target="null" text="null" title="null">TradingView</a> shows BONK trading at $0.00001923, up 3% over the 24 hours and 60% over the last seven days.<figure><img src="https://s3.cointelegraph.com/uploads/2025-04/01967d64-13cf-758e-86c9-fc8577fda7a5" title="" alt="BONK price gains 60% in a week as Solana memecoins make a comeback"><figcaption style="text-align: center;">BONK/USD daily chart. Source: Cointelegraph/<a data-ct-non-breakable="null" href="https://www.tradingview.com/x/jjwIiSV9/" rel="null" target="null" text="null" title="null">TradingView</a></figcaption></figure>BONK&rsquo;s trading volume has jumped 98% over the last 24 hours to $478 million, and its market capitalization also jumped, briefly touching $1.7 billion on April 28, before retracing to the current level of $1.5 billion.Let&rsquo;s examine the factors that have fueled BONK's price momentum over the last week.<h2>Memecoins recover across the board</h2>BONK&rsquo;s rally over the last seven days mirrors the bullish price movements across the <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/why-is-the-crypto-market-up-today" rel="null" target="null" text="null" title="null">broader crypto market,</a> including the memecoin sector. Most memecoins have posted double-digit gains over the last week. DOGE and Shiba Inu (<a data-ct-non-breakable="null" href="https://cointelegraph.com/shiba-inu-price-index" rel="null" target="null" text="null" title="null">SHIB</a>), the leading <a data-ct-non-breakable="null" href="https://cointelegraph.com/price-indexes/memecoins" rel="null" target="null" text="null" title="null">memecoins</a>, have jumped 3% and 5% over the last seven days.&nbsp;Official Trump (TRUMP), the memecoin associated with US President Donald Trump, has recorded 73% weekly gains, while Base&rsquo;s Brett (<a data-ct-non-breakable="null" href="https://cointelegraph.com/brett-price-index" rel="null" target="null" text="null" title="null">BRETT</a>) has rallied 83% over the same period.&nbsp;<figure><img src="https://s3.cointelegraph.com/uploads/2025-04/01967d64-186f-7260-ab90-91d0dacd4ec1" title="" alt="BONK price gains 60% in a week as Solana memecoins make a comeback"><figcaption style="text-align: center;">Performance of top-cap memecoins. Source: CoinMarketCap</figcaption></figure>This widespread rally has pushed the total memecoin market value to $55.51 billion, a 17.5% leap in the past week, as per CoinMarketCap data.<figure><img src="https://s3.cointelegraph.com/uploads/2025-04/01967d64-1d39-706c-959c-288e79692e02" title="" alt="BONK price gains 60% in a week as Solana memecoins make a comeback"><figcaption style="text-align: center;">Memecoin market cap and volume. Source: CoinMarketCap</figcaption></figure>Over $7.96&nbsp;billion in memecoin trading volume was recorded in the past seven days alone, representing an 85% weekly change. The resurgence is driven by investors once again embracing risk-on assets like memecoins.<h2>Increasing open interest backs BONK&rsquo;s rally</h2>The surge in the price of Bonk over the last seven days comes after a significant jump in its <a data-ct-non-breakable="null" href="https://cointelegraph.com/explained/what-is-open-interest-in-the-crypto-futures-market" rel="null" target="null" text="null" title="null">open interest</a> (OI).&nbsp;BONK&rsquo;s total OI on all exchanges rose 290% from $11 million on April 22 to $43.2 million on April 26. Although this metric has since dropped to $28 million at the time of writing, it remains significantly higher than the OI seen since December 2024.Rising open interest reflects growing trader participation in BONK futures, indicating heightened speculative activity.<figure><img src="https://s3.cointelegraph.com/uploads/2025-04/01967d64-2172-7704-add3-1a9f06c8095c" title="" alt="BONK price gains 60% in a week as Solana memecoins make a comeback"><figcaption style="text-align: center;">BONK open interest across all exchanges. Source: CoinGlass</figcaption></figure>Data from CoinGlass shows increasing demand for leveraged long positions in BONK over the last few days, as indicated by the OI-weighted futures funding rate.<figure><img src="https://s3.cointelegraph.com/uploads/2025-04/01967d64-259f-7183-80fb-09dd8e705d25" title="" alt="BONK price gains 60% in a week as Solana memecoins make a comeback"><figcaption style="text-align: center;">BONK average perpetual contracts 8-hour funding rate. Source: CoinGlass</figcaption></figure>Increasing <a data-ct-non-breakable="null" href="https://cointelegraph.com/learn/funding-rates-in-crypto-markets#:~:text=The%20impact%20of%20funding%20rates,hinting%20that%20prices%20could%20fall." rel="null" target="null" text="null" title="null">funding rates</a> usually suggest that futures traders are bullish, expecting future price increases, which may indicate a continuation of the uptrend.BONK's social dominance remains high, suggesting high social activity. Santiment data shows BONK&rsquo;s social dominance spiking from 0.091% to 0.572% between April 20 and April 26, driven by BONK&rsquo;s ecosystem buzz.&nbsp;<figure><img src="https://s3.cointelegraph.com/uploads/2025-04/01967d64-2a4c-7372-8fe2-32bddce89865" title="" alt="BONK price gains 60% in a week as Solana memecoins make a comeback"><figcaption style="text-align: center;">BONK social dominance and volume. Source: Santiment</figcaption></figure>This surge in chatter on social media platforms reflects rising retail and institutional interest, amplifying FOMO and driving demand.<h2>BONK breaks out of a multimonth downtrend</h2>On April 13, BONK price broke out of a descending parallel channel, igniting strength that saw it flip the 50-day and 100-day exponential moving averages (EMAs) to support.&nbsp;The bulls will likely continue the rebound toward the significant resistance level at $0.00002410 (200-day SMA) in the short term. A daily candlestick close above this level, accompanied by high volume, could see BONK rise toward the Jan. 19 range high near $0.000040. This would represent a 104% increase from the current price.<figure><img src="https://s3.cointelegraph.com/uploads/2025-04/01967d64-2f44-7108-a35e-1f123f36a623" title="" alt="BONK price gains 60% in a week as Solana memecoins make a comeback"><figcaption style="text-align: center;">BONK/USD daily chart. Source: Cointelegraph/<a data-ct-non-breakable="null" href="https://www.tradingview.com/x/6iEyURpA/" rel="null" target="null" text="null" title="null">TradingView</a></figcaption></figure>The sharp rise in the relative strength index and its position at 71 in the overbought region reinforces the buyers&rsquo; dominance in the market.&nbsp;However, the overbought conditions could facilitate profit-taking, occasioning a slight correction before BONK continues its uptrend.&nbsp;&ldquo;$BONK&rsquo;s descending trendline got cleared,&rdquo; <a data-ct-non-breakable="null" href="https://x.com/WorldOfCharts1/status/1916593872563503148" rel="null" target="null" text="null" title="null">declared</a> popular analyst World of Charts in an April 28 post on X, &ldquo;expecting 2x in the coming days.&rdquo;Meanwhile, Crypto Joe <a data-ct-non-breakable="null" href="https://x.com/CryptoJoeReal/status/1916730349465317555" rel="null" target="null" text="null" title="null">spotted</a> BONK breaking out of a bullish pennant in the 30-minute timeframe targeting $0.00002690.<figure><img src="https://s3.cointelegraph.com/uploads/2025-04/01967d64-340c-72d0-8d23-1c9c96d3b534" title="" alt="BONK price gains 60% in a week as Solana memecoins make a comeback"><figcaption style="text-align: center;">Source: <a data-ct-non-breakable="null" href="https://x.com/CryptoJoeReal/status/1916730349465317555" rel="null" target="null" text="null" title="null">Crypto Joe</a></figcaption></figure>This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.<template data-name="subscription_form" data-type="markets_outlook" label="Subscription Form: Markets Outlook"></template>

Key takeaways:

BONK price is up 73% since April 22, hitting a five-month high of $0.00002167.

BONK’s open interest surged 290% to $43.2 million. 

Bonk (BONK), the second-largest Solana-based memecoin by market capitalization, is on track to continue the recovery it began on April 22. BONK has climbed approximately 73% from its April 22 low of around $0.00001247, bringing its price up to an intraday high of $0.00002167 on April 28.
Data from Cointelegraph Markets Pro and TradingView shows BONK trading at $0.00001923, up 3% over the 24 hours and 60% over the last seven days.
BONK/USD daily chart. Source: Cointelegraph/TradingView
BONK’s trading volume has jumped 98% over the last 24 hours to $478 million, and its market capitalization also jumped, briefly touching $1.7 billion on April 28, before retracing to the current level of $1.5 billion.
Let’s examine the factors that have fueled BONK's price momentum over the last week.
Memecoins recover across the board
BONK’s rally over the last seven days mirrors the bullish price movements across the broader crypto market, including the memecoin sector. Most memecoins have posted double-digit gains over the last week. DOGE and Shiba Inu (SHIB), the leading memecoins, have jumped 3% and 5% over the last seven days. 
Official Trump (TRUMP), the memecoin associated with US President Donald Trump, has recorded 73% weekly gains, while Base’s Brett (BRETT) has rallied 83% over the same period. 
Performance of top-cap memecoins. Source: CoinMarketCap
This widespread rally has pushed the total memecoin market value to $55.51 billion, a 17.5% leap in the past week, as per CoinMarketCap data.
Memecoin market cap and volume. Source: CoinMarketCap
Over $7.96 billion in memecoin trading volume was recorded in the past seven days alone, representing an 85% weekly change. The resurgence is driven by investors once again embracing risk-on assets like memecoins.
Increasing open interest backs BONK’s rally
The surge in the price of Bonk over the last seven days comes after a significant jump in its open interest (OI). 
BONK’s total OI on all exchanges rose 290% from $11 million on April 22 to $43.2 million on April 26. Although this metric has since dropped to $28 million at the time of writing, it remains significantly higher than the OI seen since December 2024.
Rising open interest reflects growing trader participation in BONK futures, indicating heightened speculative activity.
BONK open interest across all exchanges. Source: CoinGlass
Data from CoinGlass shows increasing demand for leveraged long positions in BONK over the last few days, as indicated by the OI-weighted futures funding rate.
BONK average perpetual contracts 8-hour funding rate. Source: CoinGlass
Increasing funding rates usually suggest that futures traders are bullish, expecting future price increases, which may indicate a continuation of the uptrend.
BONK's social dominance remains high, suggesting high social activity. Santiment data shows BONK’s social dominance spiking from 0.091% to 0.572% between April 20 and April 26, driven by BONK’s ecosystem buzz. 
BONK social dominance and volume. Source: Santiment
This surge in chatter on social media platforms reflects rising retail and institutional interest, amplifying FOMO and driving demand.
BONK breaks out of a multimonth downtrend
On April 13, BONK price broke out of a descending parallel channel, igniting strength that saw it flip the 50-day and 100-day exponential moving averages (EMAs) to support. 
The bulls will likely continue the rebound toward the significant resistance level at $0.00002410 (200-day SMA) in the short term. A daily candlestick close above this level, accompanied by high volume, could see BONK rise toward the Jan. 19 range high near $0.000040. This would represent a 104% increase from the current price.
BONK/USD daily chart. Source: Cointelegraph/TradingView
The sharp rise in the relative strength index and its position at 71 in the overbought region reinforces the buyers’ dominance in the market. 
However, the overbought conditions could facilitate profit-taking, occasioning a slight correction before BONK continues its uptrend. 
“$BONK’s descending trendline got cleared,” declared popular analyst World of Charts in an April 28 post on X, “expecting 2x in the coming days.”
Meanwhile, Crypto Joe spotted BONK breaking out of a bullish pennant in the 30-minute timeframe targeting $0.00002690.
Source: Crypto Joe
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

BONK, a Solana-based memecoin, has surged 73% in price since April 22, reaching a five-month high of $0.00002167, with open interest skyrocketing by 290% to $43.2 million, signaling a strong recovery in the Solana memecoin market.  

BONK price gains 60% in a week as Solana memecoins make a comeback

Bitcoin is trading slightly above $95,000 as the new week kicks off with rising expectations. After months of volatility and uncertainty, BTC has started to show signs of strength, breaking above the critical $90K mark — a major pivot zone for market sentiment. Bulls are now in short-term control, fueling hopes for a larger recovery [&#8230;]

Bitcoin is trading slightly above $95,000 as the new week kicks off with rising expectations. After months of volatility and uncertainty, BTC has started to show signs of strength, breaking above the critical $90K mark — a major pivot zone for market sentiment. Bulls are now in short-term control, fueling hopes for a larger recovery […]

Bitcoin has surpassed the $95,000 mark, signaling a potential shift in market sentiment as short-term balances surge. After prolonged volatility, the breakout above the key $90,000 level has given bulls temporary control, sparking optimism for a broader recovery.  

Bitcoin Short-Term Balances Surge – Relief Rally Or Something Bigger?

Daily price action in the SOL/BTC pair is beginning to paint a sharply different picture from the one that dominated the first quarter, according to a chart shared on Sunday by veteran trader Josh Olszewicz. The one-day chart sets out a textbook inverse-head-and-shoulders (iHS) basing pattern that has been forming since early March and is now approaching the neckline around 0.00162 BTC. At the time of the screenshot, SOL was quoted at 0.001588 BTC. With bitcoin changing hands near $94,765, that places Solana at roughly $150 per coin. The anatomy of the pattern is hard to miss: a March 19 low at 0.00127 BTC ($120) forms the head, flanked by higher swing lows on March 11 left shoulder). The left shoulders is currently in the process of forming. The horizontal neckline aligns with the late-December floor that broke down in February, converting sturdy support into equally sturdy resistance. Measured from the head to the neckline, the amplitude is roughly 0.00033 BTC; a clean breakout would imply a technical objective near 0.00195 BTC—conveniently the lower boundary of the Kumo cloud’s far edge. Solana Bulls Have A Target The chart is overlaid with a long-look Ichimoku configuration (20/60/120/30). At the latest close the Tenkan-sen sat at 0.00150 BTC, the Kijun-sen exactly on the neckline at 0.00162 BTC, and Senkou Span A printed 0.001742 BTC while Span B held higher at 0.002159 BTC. The cloud itself remains bearish—thick, red and overhead—yet the span differential is beginning to compress, signalling waning downward momentum. A decisive push into the Kumo would trigger the classic Ichimoku edge-to-edge trade, targeting Span B at roughly 0.00216 BTC (about $205). Related Reading: Solana Will Face A Pivotal Moment In May – Bear Market Bounce Or Bull Market Dip? The bullish setup is occurring only two months after the market completed the mirror image of the same pattern. From mid-December to early-February, SOL/BTC carved out a prominent head-and-shoulders, lost the neckline in early February and cascaded directly to March’s iHs. That down-and-up symmetry gives extra weight to the current formation by demonstrating how faithfully the pair has respected classical geometry during the past half-year. “1D SOL/BTC – iHS + E2E at some point but not soon, probably late May,” Olszewicz wrote on X. The analyst’s caution reflects the fact that price is still beneath both the neckline and the Kijun-sen, and the Kumo does not thin materially until the final week of May. A premature break attempt risks rejection into a final right-shoulder retest near 0.00151 BTC ($143), which is also where the Tenkan-sen currently resides. Notably, the Chikou Span (lagging line) remains below price and cloud, emphasising that trend confirmation is pending; both Ichimoku purists and pattern traders could therefore agree that 0.00162 BTC is the line Solana bulls must flip decisively. Related Reading: Solana (SOL) Holding Strong Above $150 — Breakout Zone In Play If the edge-to-edge objective is achieved, SOL would add roughly 26 % against Bitcoin from present levels and reclaim ground last seen in early February. Should the neckline reject yet again, downside protection is thin until the twin shoulders at 0.00145–0.00148 BTC; a break of that shelf would invalidate the bullish thesis and reopen the March trough. For now, the market is content to coil beneath resistance while the clock ticks toward the cloud’s inflection. Whether Olszewicz’s late-May timetable proves prescient will depend on Bitcoin’s own trajectory and the broader risk environment, but the price structure on the Solana/Bitcoin chart is clear: after a bruising winter, the bulls finally have a pattern worth defending. At press time, SOL traded at $149. Featured image created with DALL.E, chart from TradingView.com

A top analyst suggests Solana (SOL) could dominate the markets next month, citing a bullish inverse-head-and-shoulders pattern forming in the SOL/BTC pair since early March. The pattern is nearing its neckline at 0.00162 BTC, with SOL currently trading at 0.001588 BTC, while Bitcoin hovers around $94,765.  

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