Bonk Leads Memecoin Rally As This Indicator Flashes ‘Buy,’ But Dogecoin, Shiba Inu Not Too Far Behind

Meme coins surged on Wednesday amid the broader rally in the cryptocurrency market.
What Happened: Solana (CRYPTO: SOL)-based Bonk spearheaded the rally with nearly an 8% jump over the last 24 hours. 
The dog-themed cryptocurrency recorded a 140% jump in trading volume, indicating significant buying pressure.
The Moving Average Convergence Divergence indicator, which compares two exponential moving averages of price, flashed a “Buy” signal for Bonk as of this writing, according to TradingView, although the Relative Strength Index, used to identify overbought or oversold conditions, was still …Full story available on Benzinga.com

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