Technical analysis by DEXWireNews about Symbol BONK: Buy recommendation (4/22/2025)

Built and integrated in the Solana blockchain before migrating to 7 other chains, the dog-themed meme coin Bonk Inu (BBONK) saw a notable uptick of 17% to reclaim the $1 Billion market cap. This was hours after its rival $FARTCOIN reclaims the $1 Billion market.BBONK has seen a +15964.82% uptick since listing, before retracing losing about 85% of market value. With increasing momentum, BBONK is set to continue the bullish sojourn should the memecoin break the $0.00001555 resistant point. This point is serving as the stronghold for BBONK albeit the general crypto market is in a bullish momentum with BTC, SOL, and ETH all seeing notable price upticks today. BBONK's RSI is presently at 78 placing it slightly in overbought territories and also primed for a continuation trend. The asset is trading above key moving averages (MA) enroute to breaking the resistant point to pave way for a bullish campaign for $BONK. What Is Bonk (BONK)?According to the one-pager, BONK is the first dog-themed coin on Solana "for the people, by the people" with 50% of the total supply of the cryptocurrency airdropped to the Solana community. BONK is similar to Shiba Inu (SHIB) and Dogecoin (DOGE) memecoins, it was launched on December 25, 2022, and led to an increase in the price of the SOL token (a rise of 34% in 48 hours). Trading began on December 30, 2022, arousing genuine interest from the crypto community.Bonk Price DataThe Bonk price today is $0.000015 USD with a 24-hour trading volume of $218,248,216 USD. Bonk is up 19.01% in the last 24 hours. The current CoinMarketCap ranking is #62, with a market cap of $1,162,183,290 USD. It has a circulating supply of 78,658,296,511,158 BONK coins and a max. supply of 88,872,433,754,423 BONK coins.