The meme coin season has returned. Leading the latest charge is BONK

Meme coin season has returned. Leading the latest charge is BONK, a Solana-based meme token that just erupted 60% in a single week. This shows a renewed enthusiasm in crypto markets, setting the stage for what could be a very bullish May.

With traders watching “crypto prices today”, they are asking the big question: What’s the best crypto to buy now? Indeed, it’s clear that we are entering another cycle of meme-fueled momentum, technical breakouts, and massive potential.

BONK’s explosive rebound and what’s next

After enduring months of sluggish price action, BONK flipped the narrative with a fierce technical breakout. The price ripped through both the 50-day and 100-day exponential moving averages. From a low of $0.000012 on April 22 to a high of $0.000022 on April 28, the meme coin delivered a 73% intraday rally. According to a Coinspeaker report, this was powered by a bullish breakout, surging RSI, and strong volume.