Bonk surges 21% in 24 hours: Is a rally to $0.00002 next?
2025-07-03 18:03:48
Main Idea
Bonk (BONK) surged 21.22% in 24 hours, reaching a 3-week high of $0.0000175, driven by increased demand and aggressive buying activity.
Key Points
1. Bonk's price rose to $0.0000175, marking a 21.22% increase, with trading volume spiking by 332% to $548 million.
2. Buyer volume significantly outpaced seller volume, with a positive buy-sell delta of 167.31 billion tokens, indicating strong spot demand.
3. Open Interest in Bonk's derivatives market surged 45.93% to $17.38 million, while volume increased by 271.1% to $97.59 million.
4. Bonk's Relative Strength Index (RSI) reached 60, suggesting potential for further price increases if momentum continues.
5. If buyer momentum fades, Bonk may find support around $0.000015, but continued demand could push it toward $0.000020.
Description
Bonk rallies to $0.0000175 as demand soars, with buyers accumulating1.6 trillion tokens.
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