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Binance listing was a turning point for it and extremely fortunate. It experienced a significant price increase. BONK Coin, which entered our lives after the crash at the end of 2022, is the hero of an incredibly impressive story that healed the wounds of patient investors in the Solana ecosystem. So, what do the current comments indicate?
BONK Coin
As of March 4, the price, which rose by 11,373% in 127 days, is still not far from its peak. Solana-based meme coin Bonk (BONK) was born during days when volumes were weak and exchanges were in search. The Solana ecosystem had taken a major hit, and investors’ wallets consisting of NFTs and other Solana tokens had significantly diminished. During those days, BONK Coin was born primarily for fun and to cover some of the losses.
Collaborating with many protocols in the Solana ecosystem for airdrops, the altcoin rewarded active users on the network with BONK Coins. Those who were patient and waited until 2024 earned tens of thousands of dollars.
The Binance listing happened early, and while the hype was strong, the exchange reached significant volumes under those conditions. The story of PEPE Coin and FLOKI Coin solidifying their place by being listed on the Binance exchange was also related to the search due to the lack of volume.
BONK Coin Comments
After summarizing the past, let’s return to today. Will BONK Coin rise? BONK’s remarkable rise brought with it an unprecedented increase in trading volume. The hype around Solana benefits it in any case. On the technical front, things are a bit complicated. If the inverted cup and handle pattern is confirmed, we might see days where BONK Coin’s price consolidates between $0.000022 and $0.000025.
RSI dropped to 56.8 after rising to 60, and this recovery could be an early signal of a rise. DMI and ADX indicators do not currently support the rise. However, BTC’s last reversal from $66,000 also plays a significant role in these weakness signals.
If BONK Coin starts a stable hype period again, it can confirm this with closures above $0.000024. Then, we will expect a new move to $0.000028 and $0.000031. At the time of writing, BTC is trying to maintain stability above $64,500.
