Today, BONK, the leading Solana-based memecoin, achieved a significant breakthrough. It reached a new all-time high and became the largest Solana memecoin by market cap, surpassing dogwifhat (WIF).
BONK's New All-Time High
BONK reached a new all-time peak of $0.00005916, surpassing dogwifhat (WIF) to become the largest Solana-based memecoin by market cap. It is now the fourth largest meme coin in the overall cryptocurrency ranking.
Listing on South Korea's Largest Crypto Exchange
Adding to the excitement, South Korea’s largest crypto exchange, Upbit, announced the listing of BONK on its Korean Won trading market, further increasing its visibility and accessibility.
Technical Analysis and Short-Term Outlook
According to the BONK/USDT trading pair, the memecoin’s price breached the pivotal resistance of $0.00005003. The rising short-term trend, supported by positive RSI signals, suggests further potential upside. However, a high RSI on the daily chart may indicate a potential price correction or consolidation.
More gains for BONK are expected as it holds above $0.000055, targeting the resistance at $0.00006325. Stay updated for insights on its long-term market performance.
