dogwifhat (ETH)

Solana

Memecoin

dogwifhat

<ul class="wp-block-list"> 
 <li>BONK hits a new ATH of $0.00005916, surpassing dogwifhat (WIF) to become the largest Solana memecoin by market cap.</li> 
 <li>South Korea’s largest crypto exchange, Upbit, lists BONK in its Korean Won trading market.</li> 
</ul> 
Today, BONK, the leading Solana-based memecoin, has made a significant breakthrough. It reached a new all-time high of $0.00005916, surpassing dogwifhat (WIF) to become the largest Solana-based memecoin by market cap. Currently, it holds the position of the fourth largest meme coin in the overall cryptocurrency ranking. 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full">
 <img loading="lazy" decoding="async" width="813" height="345" src="https://thenewscrypto.com/wp-content/uploads/2024/11/image-170.png" alt="" class="wp-image-114995" srcset="https://thenewscrypto.com/wp-content/uploads/2024/11/image-170.png 813w, https://thenewscrypto.com/wp-content/uploads/2024/11/image-170-300x127.png 300w, https://thenewscrypto.com/wp-content/uploads/2024/11/image-170-768x326.png 768w" sizes="auto, (max-width: 813px) 100vw, 813px">
 <figcaption class="wp-element-caption">
 Memecoin Rankings (Source: <a href="https://coinmarketcap.com/view/memes/" target="_blank" rel="noreferrer noopener nofollow">CMC</a>)
 </figcaption>
 </figure>
</div> 
Adding to the excitement, South Korea’s largest crypto exchange, Upbit, has <a href="https://x.com/Official_Upbit/status/1859075988770140170" target="_blank" rel="noreferrer noopener nofollow">announced</a> the listing of BONK on its Korean Won trading market, further increasing its visibility and accessibility. 
BONK has successfully broken free from the <a href="https://thenewscrypto.com/will-bonk-break-key-resistances-to-fuel-further-gains/" target="_blank" rel="noreferrer noopener">prolonged bear trend</a>, where it struggled to surpass the $0.00003 level since late July. The “Ichimoku Cloud chart confirms a strong uptrend for BONK,” signaling that the bulls are in control. 
At the time of writing, BONK is priced at $0.00005643 (22% increase) and has a market cap of $4.23 billion. Additionally, its daily trading volume has surged by 94.91% in the last 24 hours, reaching $2.88 billion. 
<h3 class="wp-block-heading" id="h-technical-analysis-and-short-term-outlook-for-bonk">Technical Analysis and Short-Term Outlook for BONK</h3> 
According to the BONK/USDT trading pair, the memecoin’s price has returned higher in the intraday levels, confirming the breach of the pivotal resistance at $0.00005003, which led the way to the all-time high.&nbsp; 
This move is supported by the upward short-term trend, with positive pressure from trading above the 50-day SMA ($0.00002603). Also, the positive signals from the RSI on the 4-hour price chart suggest there is room for further upside. 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
 <img loading="lazy" decoding="async" width="1024" height="488" src="https://thenewscrypto.com/wp-content/uploads/2024/11/image-171-1024x488.png" alt="" class="wp-image-114996" srcset="https://thenewscrypto.com/wp-content/uploads/2024/11/image-171-1024x488.png 1024w, https://thenewscrypto.com/wp-content/uploads/2024/11/image-171-300x143.png 300w, https://thenewscrypto.com/wp-content/uploads/2024/11/image-171-768x366.png 768w, https://thenewscrypto.com/wp-content/uploads/2024/11/image-171.png 1301w" sizes="auto, (max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption">
 BONK Price Chart (Source: <a href="https://in.tradingview.com/symbols/BONKUSDT/?exchange=BINANCE" target="_blank" rel="noreferrer noopener nofollow">TradingView</a>)
 </figcaption>
 </figure>
</div> 
Moreover, the MACD line crossing above the signal line indicates strong bullish momentum, suggesting that the price may be poised to move upward. This crossover suggests that the short-term price momentum is stronger than the longer-term momentum. 
Therefore, more gains for BONK are expected. Currently, it settles firmly above $0.000055, targeting the resistance at $0.00006325. 
However, on the daily chart, an RSI of 82 indicates that the asset is overbought and may be due for a potential price correction or consolidation. In that case, BONK could fall to immediate support at the 9-day SMA of $0.00005307, or even to $0.00004316, which could lead the memecoin to fall below $0.00003253. 
For insights on BONK’s long-term move, keep an eye on TheNewsCrypto’s <a href="https://thenewscrypto.com/bonk-price-prediction/" target="_blank" rel="noreferrer noopener">BONK price prediction</a>.&nbsp; 
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BONK Hits New ATH and Flips dogwifhat as Top Solana Memecoin

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