$BONK

UPDATE on Bonk (BONK)—why it’s surging and what to watch for:

🚀 What’s Fueling the Rally

ETF speculation & token burn hype: Talk of a possible 2× leveraged BONK ETF (Tuttle Capital, earliest launch July 16) is lighting a spark. PLUS, BONK is closing in on 1 million holders, triggering a 1‑trillion token burn—a massive supply squeeze in the making .

Technical breakout: Cleared both a falling wedge and a symmetrical triangle, signaling a continuation move .

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📊 Price & On‑Chain Pulse

Recent action: Up ~21% in 24 h; trading range $0.00001606–$0.00001751, now around $0.0000167 .

Volume & retention up: Major surge in engagement and rising Activity Retention Rate—users are sticking around .

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🎯 Key Levels & Trades

Strategy Entry / Trigger Targets Stop-Loss

Dip Buy $0.0000160–$0.0000164 $0.0000175 → $0.0000180 < $0.0000158

Breakout Long Close > $0.0000175 with volume $0.0000205 → $0.0000217 Retest ~$0.0000165

Run-Up Play Around ETF/burn events (~July 16) $0.0000337+ (100%+ upside) —

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⚡ Trader Takeaway

BONK is triggering a classic meme-coin squeeze: token burn, ETF buzz, and technical breakouts all in sync. A clean close above ~$0.0000175 could drive a powerful move to $0.0000205–$0.0000217, and ultimately toward $0.0000337 if catalysts hit.

Dip buyers can look around $0.000016, while momentum traders should watch for a breakout on strong volume.

➡️ DYOR .

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