🚨📰🗞️ BONK, the Solana meme token, has surged 8.39% to $0.000029, driven by anticipation of a significant token burn milestone.
With nearly 1 million holders, BONK's protocol is set to burn 1 trillion tokens, reducing its circulating supply and potentially boosting its value. Despite reaching an intraday high of $0.00003, BONK faced resistance and pulled back 1.58% to $0.000029, with heightened volume indicating localized profit-taking. Key technical levels include.
- *Support Level*: $0.000027-$0.000028, where BONK has shown strong consolidation
- *Resistance Level*: $0.00003, a psychologically significant level that triggered a pullback
BONK's price movement is influenced by its deflationary catalyst and bullish fundamentals. The token's market performance is tracked on various exchanges, including Binance and OKX, with a current market capitalization of $2.3 billion.
Investors are advised to keep an eye on BONK's price chart and technical indicators, such as the Relative Strength Index (RSI) and Moving Averages, to gauge its future performance.
