Bonk Token Faces Recent Decline, But Bullish Signs Emerge
Bonk, a dog-themed utility token on Solana, has lost nearly 14% of its value over the past week. Despite this, technical indicators suggest potential gains ahead.
With a market cap over $1.436 billion,Bonk (BONK) has seen its price drop recently. Analysts note a shift in investment from large-cap tokens to smaller cryptos and Solana-based memes. However, Bonk lagged behind, while other DeFi tokens like Dogwifhat (WIF) gained.
Technical analysis shows mixed signals. The weekly price
