⚓️ $BONK, while making lower lows on the 4-hour chart, the RSI is creating higher lows, which is a strong momentum signal of positive divergence. The yellow lines indicate potential target levels within the formation. RSI divergence can often predict price reversals, but it is not sufficient on its own; it is important to evaluate it alongside other indicators such as volume and support/resistance.

📌 WHAT IS BONK?

BONK is defined as the "people's dog coin" of the Solana ecosystem. It was distributed through an airdrop to Solana wallets in December 2022 and quickly gained popularity. Today, it is the most held Solana-focused meme coin. The current price is ~$0.000015 USD, with a market cap of approximately $1.2 billion and a 24-hour trading volume of ~$135 million. BONK offers active swap opportunities on decentralized exchanges and creates a user community-focused ecosystem on Solana.

‼️ This is not investment advice.

#crypto #memecoin #Solana #BONK