Bonk surges 21% in 24 hours: Is a rally to $0.00002 next?

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.