Despite a surge in its price, BONK lagged in terms of market capitalization, facing stiff competition from both established and new entrants.
The allure of these established meme coins eclipsed BONK’s growth, leaving it overshadowed in the competitive landscape.were rapidly gaining traction, posing a potential threat to the token’s standing in the market.network further contributed to BONK’s declining market capitalization. The bullish flag pattern observed over the week signaled potential further growth, with the price potentially reaching the $0.00001749 resistance level.
AMBCrypto’s examination of BONK’s market sentiment showed that the Chaikin Money Flow stood at 0.12 at press time, suggesting positive money flow.
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