The value of Solana-based meme coin Bonk [BONK] has climbed by over 60% in the last week. This has caused it to rank as the...
This has caused it to rank as the leading meme asset with the most gains during that period, according toThe period under review has been marked by a surge in BONK’s daily trading volume. According toThis was an 87% jump from the $372 million recorded in trading volume on the previous day.Last week witnessed a significant shift in market sentiment from bearish to bullish. The first indication of that observed on-chain was the flip in BONK’s Weighted Sentiment.
On the meme coin’s price chart, readings from key indicators confirmed the re-emergence of BONK bulls. For example, on the 21st of April, the coin’s MACD line crossed above its signal line. Market participants interpret this crossover as a potential buying opportunity or a signal to enter a long position.
This showed that bearish elements persisted in the market, but were not strong enough to drive a decline.Confirming the resurgence in bullish sentiments, the dots that make up BONK’s Parabolic SAR indicator rested below its price at the time of writing.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
New Bonk (BONK) Rival, Hump (HUMP) Makes Grand Market Entrance, Tipped as the Next Millionaire-MakerHump (HUMP), a new rival, has surfaced and is vying to unseat BONK as the next meme coin to make investors profit millions of dollars in...
Read more »
SYLVAN CHARLEBOIS: Canadian icon poutine celebrates 60 years of global delightExplore stories from Atlantic Canada.
Read more »
Green Party deputy leader sentenced to 60 days for role in Fairy Creek protestsAngela Davidson, also known as Rainbow Eyes, was convicted in January of seven counts of criminal contempt
Read more »
60 GTHA Condo Projects On Hold As Developers Pull Back 'Dramatically'Zakiya is a staff writer with STOREYS. She has reported on real estate for Apartment Therapy, Curbed, and Post City Magazines. She also writes a quarterly series for a Canadian design publication.
Read more »
A Nigerian chess champion plays the royal game for 60 hours - a new global chess recordA Nigerian chess champion and child education advocate played chess nonstop for 60 hours in New York City's Times Square to break the Guinness World Record for the longest chess marathon.
Read more »
A Nigerian chess champion plays the royal game for 60 hours, breaking global recordTunde Onakoya, 29, hopes to raise $1-million for children’s education across Africa through the record attempt that began on Wednesday
Read more »