Will Bonk Rally? Technical Indicators Suggest Potential Gains Next Week

Bonk, a Solana-based meme coin with a market capitalization exceeding $1.436 billion, experienced a notable price drop last week. Despite a broader trend of capital rotation towards smaller cryptocurrencies and Solana-based memes, BONK lagged behind its peers like Dogwift (WIF), which saw significant gains during the same period. However, technical indicators hint at potential upside next week.