BONK Traders Change Positions as Price Aims to Reclaim $0.000025
📈
Bonk (BONK) experienced a significant price drop to $0.000015 on August 5, causing a decrease in leveraged positions. However, futures traders quickly shifted to bullish positions as the Funding Rate turned positive, indicating market optimism. This shift suggests traders expect prices to rise, with the current price at $0.000021.
The Weighted Sentiment around Bonk has also shifted from negative to positive, indicating a rise in optimistic market discussions. This change supports the bullish stance among traders, reflecting broader market sentiment.
A cup and handle pattern has formed on the daily chart, a bullish continuation pattern that suggests the price may climb to $0.000025 if buying pressure remains strong. The Relative Strength Index (RSI) still needs to confirm this by crossing its neutral line.
If these conditions are met, Bonk could see a further rise towards $0.000029. Conversely, failure to surpass the RSI midpoint could leave the token trading between $0.000019 and $0.000021.
Источник: beincrypto.com ↗
Похожие статьи (30)
Bonk Price Set to Explode as $100 Million in Trading Volume Pours In
Bonk Price Surges 14% as traders Buy the Dip with $500M Volume
BONK’s Bullish Week: Trading Volume Explodes – Here’s What to Expect Next
Bonk Holders Turn Their Attention to a New ICO – Could This Be the Next Big Move?
Bonk’s Rally Has Everyone Talking, But Traders Are Quietly Buying Into a Different Meme Coin
BONK Price Ready for a Breakout? Bullish Indicators Meet Key Hurdles
BONK Bulls Take Over: Upside Momentum Builds After Pullback
BONK About To Enter 3rd Wave, Analyst Reveals Next Target
BONK Turns Bullish: Is A Falling Wedge Breakout Imminent
BONK price recovery – Traders may be ‘buying the dip,’ but…
Is BONK Price Ready to Escape 3-Month Correction?
BONK Price Prediction – Short-term targets traders should look out for are…
BONK price prediction – Watch out for a short-squeeze in the near term!
Bonk rises 18%: Analyst says more gains are on the way!
Brazil Approves Solana ETF But Top Meme Coin BONK Unmoved, Rollblock Set For Price Explosion
Bonk (BONK) Prepares for Bullish Breakout, but Hurdles Remain
BONK price prediction – Identifying where the buy opportunities are
BONK Price Prediction 2024-2030: Will BONK Price Price Hit $0.00010?
Bonk Price Approaches Key Support, Another Bounce or 40% Correction?
BONK Price Defies Bears with 4% Surge, Open Interest Signals Massive Rally
BONK’s price can possibly hike by 30% – When, where, how can it happen?
BONK Price Targets 30% Surge as Bullish Reversal Pattern Emerges
BONK price prediction: Is the memecoin preparing for a major move?
BONK price prediction: Why the memecoin’s prospects remain bright
BONK Price Soars, But Momentum Indicators Hint at Trouble
BONK price prediction – How high can memecoin go if it clears THIS level?
Investors Predict BONK Price Drop
BONK’s Bullish Momentum: A Breakout Could Ignite a Massive Rally
BONK’s bullish week: As trading volume surges 108%, what’s next?
BONK Rebounds Amid Investor Confidence with 8.83% Surge Despite Weekly Decline
