The victory of Donald Trump in the U.S. elections has caused a positive impact on the overall cryptocurrency market. Bitcoin, the largest cryptocurrency, has surged over 10% to reach a new all-time high of $75K. Other assets in the market have also seen their prices rise to new highs. Meme coins, in particular, have experienced significant gains, with the Solana-based meme coin BONK increasing by 17% in the last 24 hours. However, BONK has seen some price fluctuations, falling from $0.00002170 to $0.00001723. Analysts suggest that for BONK to continue upward, it needs to break above $0.0000262, with a target of $0.0000899 for wave 3. The current market sentiment for BONK is in the overbought zone, and various indicators hint at positive momentum and increased trading volume for the meme coin.



Other News from Today