BONK Leads Crypto Market, Poised for 30% Rally
The popular Solana-based meme coin Bonk (BONK) is making waves in the cryptocurrency landscape with its impressive performance. On October 16, 2024, the meme coin led the crypto market and outperformed top cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and many others.
According to the CoinMarketCap data, BONK is trading near $0.000025 and has experienced a price surge of over 15% in the past 24 hours. During the same period, its trading volume jumped by 35%, indicating heightened participation from traders and investors.
While analyzing the daily chart, $BONK appears bullish and is poised to rally significantly in the coming days. On September 27, 2024, the meme coin broke its crucial resistance level and closed its daily candle above that level and the 200-day Exponential Moving Average (EMA). Since then, BONK has been consolidating between $0.000024 and $0.000019 levels.
