⭐️ Bonk Outperforms Meme Segment With 7% Spike, Parent Chain Solana Continues To Remain In The Green

Popular dog-themed token Bonk turned out to be one of the best-performing memecoins Tuesday, while the native currency of its parent blockchain, Solana, also traded in the green. 

What Happened: Bonk surged more than 7% in the last 24 hours, taking its gains since the beginning of this week to 27%. The canine coin recorded a 24-hour trading volume of $390 million. 

Alongside, the fifth-largest cryptocurrency, Solana, gained 1.86% in the last 24 hours, mirroring the trajectories of Bitcoin. SOL logged a trading volume of $2.27 billion. 

Why It Matters: #BONK 's latest bullish pivot effectively erased all the losses endured during last week's market bloodbath. Over the month, the memecoin was still down 10%.

However, a noted cryptocurrency analyst, going by the pseudonym, World Of Charts, forecasted a 2x surge for the Solana-based token in the coming days. 

Another well-known analyst, The CryptoBull, described BONK as the “most ‘obvious coin to pump from here,” with other memecoins following suit. 

$BONK is the most ''obvious'' coin to pump from here, other memecoins to follow, never bet against an inverse head and shoulders pattern