Bonk
Long

Bonk (BONK)

By Ritika_TCR
Bonk (BONK)
BONK is the first dog-themed coin on Solana, created "for the people, by the people," with 50% of its total supply airdropped to the Solana community. The memecoin is similar to Shiba Inu (SHIB) and Dogecoin (DOGE).

It has a live market capitalization of $1.56 Billion and ranks 52nd in the crypto-verse. Out of 92.9 Trillion BONK tokens, 69.08 Trillion tokens are currently in circulation.

On the charts, Bonk emerged as the second biggest loser this week, with a decrease of nearly 24.8% a week. The price analysis highlighted that BONK started the week with a mild bearish sentiment.

It significantly declined after it dropped below the 20-day exponential moving average.

At the time of writing, Bonk was trading close to $0.000022, recording a swift intraday rise of 0.10%. On the lower side, the 200-day EMA may serve as a support, and the price may take a rebound.
Trend Analysis
Ritika_TCR

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