In Brief Bonk (BONK) becomes Solana’s top meme coin, surpassing Dogwifhat (WIF) with a $3.77B market cap after a 28% price surge. The BONK DAO announcement to burn 1 trillion tokens by Christmas Day increased scarcity, fueling its price and market cap rise. Bullish momentum could push BONK to $0.000055, but overbought conditions might cause…
Read more
In Brief BONK price fell to trade at $0.00003571 and will likely observe consolidation going forward. The Open Interest shows that contracts worth nearly $8 million have been pulled in 48 hours. However, the Relative Strength Index (RSI) bounces back up from the neutral line at 50.0. BONK’s price is no stranger to volatile moves,…
Read more
In Brief Bonk price is in a descending wedge, and the lower trend line will likely be tested again. This would result in a potential 50% drawdown, which broader market cues support. BONK holders are also betting on a price drop since Funding rates are highly negative. Bonk failed to breach a key resistance trend line,…
Read more
In short BONK, a Solana-based memecoin, has seen a 1,011% ascent in the previous year and has as of late beated SHIB and DOGE in certain measurements. The coin’s General Strength List is under 50, demonstrating purchaser lack of engagement, yet one whale actually holds $3.6 million in BONK coins. The BONK environment could before…
Read more
In a word Dogecoin faces difficulties yet shows potential for bounce back, with conceivable flood to $1 in the midst of rising hypothesis. Shiba Inu sees local area driven 410.7 trillion symbolic consuming and financial backer interest, notwithstanding the new cost plunge. BONK encounters a sharp decrease in esteem however could see expected help, exhibiting…
Read more
In short BONK flooded by an amazing 150% in the previous week, beating Dogecoin, Shiba Inu, Pepe, and Floki Inu. This flood has impelled BONK to turn into the third-biggest canine themed memecoin by market capitalization. Dogecoin, Shiba Inu, Pepe, and Floki Inu all posted significant gains during the week as well. During the previous…
Read more
