BONK has surged beyond the June peak due to significant demand in the spot and derivatives markets.
However, price volatility across different timeframes presents many opposing signals, with a positive short-term outlook but still many challenges in the long term.
MAIN CONTENT
BONK recorded strong demand, surpassing the June peak, but lacks sustainable demand since March.
The weekly chart shows a bearish structure, hindering long-term upward trends.
The 1-day and 4-hour charts display bullish signals, favorable for short-term traders.
What trend does BONK currently have on the weekly chart?
Analysis from the weekly chart indicates a bearish price structure with key pivot points at 0.00000258 and 0.0000114 USD. Breaking the old resistance level of 0.0000114 USD could create upward momentum for BONK in the long-term.
Mr. Nguyen Van An, CEO of a leading blockchain company, shares:
BONK's upward momentum on the weekly chart is still limited due to the absence of stable demand since March, making the potential for a long-term breakout unclear.
Nguyen Van An, CEO of Blockchain Innovate, 7/2025
The weekly RSI remains below 50 for most of 2025, reflecting a prevailing bearish trend. The sideways OBV also shows a lack of liquidity strength following the bullish trend.
Does BONK's daily chart have a more positive outlook?
In contrast to the weekly chart, the daily chart shows growth as the pivot point has created an upward trend since July 5, with increased liquidity and RSI above 50.
The OBV and RSI indicators simultaneously confirm BONK's upward trend in the short term, reflecting the increase in buying strength in the market.
BONK has established a higher bottom and broken through the bullish price structure on the daily chart, indicating that buyers are in control of the current upward momentum.
Technical analysis from TinTucBitcoin, 7/6/2025
The high price levels on the daily chart may be a good time to take profits, while the volatility on the 4-hour chart will provide trading opportunities for the next short-term trend.
What important support levels and demand should be noted when trading BONK?
The 0.0000165 USD level on the smaller chart serves as essential support in case of price correction, needing protection to maintain the upward trend.
The sharp increase in trading volume in recent days reinforces the possibility of continued upward momentum, especially if BONK maintains above the support level of 0.0000183 USD.
Timeframe Main trend Main indicators Significance for investors Week Bearish RSI < 50, sideways OBV Long-term bullish trend not confirmed, caution needed Day Bullish RSI > 50, rising OBV Positive short-term trading opportunities, active market 4 hours Volatility Watch for entry points Potential swing trade in the short term
Frequently asked questions about BONK analysis
Is BONK in a long-term bullish trend? According to the weekly chart, BONK has not confirmed a long-term upward trend due to RSI below 50 and low liquidity.
What is the current important support level for BONK? The level of 0.0000165 USD must be protected to avoid deeper corrections.
What signals does the daily chart give to investors? The daily chart shows an upward trend with positive RSI and OBV, suitable for short-term trading.
How does the increase in trading volume affect the market? Increased volume helps reinforce upward strength, increasing the likelihood of continued breakout.
What should traders do if the price breaks the 0.0000183 USD level? Consider entering a buy position once this level becomes support.
Source: https://tintucbitcoin.com/bonk-crypto-phan-tich-tin-hieu-tong-hop/
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