Ponke Price Soars 60% Amid Sector-Wide Rotation

The Solana-based meme token Ponke has seen its price surge by over 60% in 24 hours, trading near $0.0252.

This move comes as a sector-wide rotation into Solana-native meme coins gains momentum, with PONKE breaking above a multi-month descending trendline and testing resistance near $0.0300.

RSI-14 on the daily chart sits at 78.54, firmly in overbought territory, which raises pullback risk even within an uptrend.

The token's price has been influenced by sector rotation, with capital flowing into Solana-based meme coins this week, driven by a weaker dollar and falling Treasury yields that have pushed speculative capital back toward risk assets generally.