The PONKE Price Surged by 217%; Will It Break Its All-Time High?

Ponke is making buzz in the market with its impressive performance. This meme coin grew by 217% in a month, showcasing bullishness and making a fortune for their investors. However, after hitting its all-time high (ATH), the meme coin faced a mild weakness on the daily technical chart.After taking a dip, the PONKE social dominance & social volume spiked again, showcasing that this memecoin is again a hot topic in the crypto media and getting attention. The increased social dominance & social volume define that the discussions, mentions, and posts about the PONKE are increased on social media platforms like X, Reddit, and Telegram. If social metrics surge more, it affects the price positively. PONKE is trading in the bullish zone, heading in an upward direction by making a higher high structure. After a mild weakness and a minor correction, the memecoin bounced back by taking support on the 50 EMA level.

When writing, the PONKE was trading at $0.4601 with an intraday gain of 12.73%. Its market cap stands at $197,751,049, and the 24-hour trading volume is $40,599,736, with a 40% surge. The increase in the trading volume demonstrates that the meme-coin is witnessing increased buying and selling activity.

Moreover, Ponke demonstrated an outstanding performance that grew by 217% in a month, 27% in a week, and more than 704% in the last 6 months, showcasing bullishness in the crypto.

If the PONKE price surpasses the $0.58018 level, it could start a new bullish rally. Moreover, the main resistance for the crypto is $0.5200 and $0.58018. The main support levels for this meme coin are $0.41431 and $0.32434.

Decoding the Indicators of the PONKE Price.The RSI curve is at 59.59, and the 14 SMA curve is at 59.20, both close to the overbought zone showcasing bullishness.

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