- Bonk rose by 75% this week and is approaching his greatest resistance. The chances of breaking down to new ATHs are good.
- The open interest rose by 36% to $ 62 million, and $ 3.39 million of short liquidations give new boost. Bonk approaches an ATH at $ 0.00005916.
Bonk has increased by over 75% this week and leads the Memecoin sector in July. The token recorded a daily profit of 30% and thus exceeded competitors such as Doge and Shib. His Market capitalization rose from $ 2.55 billion to over $ 3 billion the day before. Traders are now looking for a possible outbreak towards its all -time high of $ 0.00005916.
Rally through technical outbreak probably
How CNF reportedBonk has increased by over 185% in the past two weeks and has risen from 0.00001368 on July 2 to a high of $ 0.00003898. According to TradingView, the course currently moves between $ 0.000033 and $ 0.000039.
The course had the largest growth on the Binance and Okx stock exchanges within 24 hours and climbed by 30%within a single session. Coinmarketcap reported an increase in the daily volume by 60% to $ 2.4 billion.
Analysts named the general strength of the cryptom market as a critical success factor. Memecoin courses drove up the risk-loving mood in the old coins, whereby the entire sector rose by 8% on July 17th. Since the low point on June 23, the Memecoin market has recovered by 53%, with Bonk leading the rush.
The technical indicators confirm the good prospects of Bonk. A golden cross recently formed when the 50-dayema exceeded the 100-dayemaema. The chart shows consistently higher maximum and lows, which confirms the strength of the trend. Bonk broke the main resistance at $ 0.000032 and successfully tested earlier support zones.
Kryptoanalyst Professor Moriarty said, Bonk “finally broke the resistance and kept up” and referred to the clean movement of the course beyond a long -term descending trend line. He referred to upcoming resistance zones at 0.00004676 and $ 0.00005876, which match the maximum stalls from the end of 2024.
Courses of the derivatives increase
The open interest on Bonk-Futures rose loudly Coinglass by 36 % to $ 62 million, while the derivative volume increase by 150 % to 776 million. The rapid increase in derivative activity indicates a strong speculative interest. Empty sellers saw themselves confronted with liquidations of over $ 3.39 million in the last 24 hours, which also fueled the rally.
Grayscale Bonk started in his list of institutional surveillance, a step that is supposed to increase his credibility among professional investors. Although this does not mean admission to the stock market traded funds, it reflects the growing attention of conservative financial circles.
Tokenomics developments also contribute to the house. A planned combustion of a trillion bonk token leads to deflationary pressure. The number of bonk owners approaches the 1 million mark, which indicates a growing commitment of the community. letsbonk.fun, a platform for creating meme coins that open BONKis based took over $ 13 million in fees in July alone.
The data of Jupiter Show that Pump.fun with 401,000 users is still a leading in user activity within 24 hours. However, Letsbonk.fun has conquered 52% of the market for the introduction of memoins and thus exceeds the proportion of pump. Fun of 39%.
Price zones and technical indicators
BONK acts just below his immediate resistance at $ 0.000040. The 4-hour chart shows a breakthrough over the 3.618 Fibonacci level at $ 0.00003894. He is now approaching the 4.236 FIB expansion at $ 0.00004190, which is often used as a profit-taking zone.
The technical indicators show a strong momentum. The RSI is currently 75.31, which indicates overbought conditions. The MACD remains withered with a MacD line above the signal line and expanding histogram beams. The Ultimate Oscillator is also above 66 and thus signals persistent strength.
Support values are 0.00003295 and below at $ 0.000029. If bonk is rejected on the 0.00004190 dollar FIB zone, a healthy sweater could follow the level of $ 0.00003414 or $ 0.00003894. The all -time high of $ 0.00005916 can bring a sustainable breakthrough within reach.
In the medium -term price targets are between $ 0.00004676 and $ 0.00005876, depending on the dynamics and the general crypto conditions. For 2025, the analysts predict a trading range between $ 0.000022 and $ 0.000080
The growth of the Memecoin sector continues to support Bonk’s course. Doge rose by 6%, while Shib and Pepe have increased by 4% in the last 24 hours. However, Bonk remained the outstanding value that cited the list of winners and had a high volume.
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