BONK Token Report
BONK is the first dog-themed cryptocurrency on the Solana blockchain, created “for the people, by the people.” Half of its total supply was airdropped to the Solana community. Similar to Shiba Inu (SHIB) and Dogecoin (DOGE), BONK is a memecoin.
BONK is ranked #51 with a market capitalization of nearly $2.5 billion. The current market price of the token is 0.0000326 USDT
The BONK/USDT price had been on a down trend since mid of Nov’24. On the daily time-frame, the trend has broken out of the descending trendline, with good volumes. The RSI indicates an aggressive momentum in price. The next resistance is expected at 0.0000537 USDT and an immediate support is expected at 0.0000262 USDT.
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