BONK is showing a strong upward trend with high demand, with the potential to surpass May's peak if it maintains the 0.000026 USD support zone.
BONK's price increase, along with liquidity and an 8% increase in Open Interest, reflects strong buying power; however, the weekly chart still warns of corrections if the important support zone cannot be maintained.
MAIN CONTENT
BONK has a strong upward momentum, with the potential to surpass May's peak thanks to high demand and positive short-term forecasts.
The support level of 0.000026 USD is a key milestone to maintain the long-term upward trend on a weekly timeframe.
The liquidity chart and liquidation heatmap indicate that minor corrections may occur before the upward trend continues.
Can BONK surpass May's peak thanks to positive market signals?
Experts from TinTucBitcoin and data from Coinalyze show that BONK is demonstrating short-term bullish strength after surpassing the resistance of 0.00002 USD on July 5, along with trading volume and OBV reaching their highest levels since May.
With a price increase of 4% in 24 hours and Open Interest rising by 8%, market excitement is at a high level. Fibonacci extension indicates the nearest target for the bulls is around 0.0000298 USD (23.6% extension).
BONK is experiencing a strong recovery and consensus from liquidity as well as purchasing power, opening up the possibility of reaching higher price levels this month.
Quoted from TinTucBitcoin, July 2025
Analysts forecast that if Bitcoin maintains or rises above the 107.3 thousand USD range, altcoin or memecoin markets like BONK will benefit and might break local highs.
What does the support level of 0.000026 USD mean for the long-term trend of BONK?
In contrast to the daily chart, the weekly chart still shows a downward trend until BONK can turn the 0.000026 USD zone from resistance to support.
On-chain analysis experts explain that this is an important psychological threshold determining whether BONK will trend upward or undergo a prolonged correction.
Breaking through the 0.000026 USD zone and maintaining this level as support will reinforce the upward trend, paving the way for further advances on the weekly chart.
On-chain analysis, July 2025
The market should also be cautious around the 0.0000256-0.0000262 USD range, where a large number of liquidations are concentrated, likely leading to minor technical corrections before the price continues its upward trend.
What pressures are shown on the BONK market by the liquidation heatmap?
The liquidation heatmap from Coinglass indicates that the 0.0000256-0.0000262 USD area is expected to have many liquidation orders, creating significant short-term resistance.
Liquidity concentrated at this level reflects risks for long-only positions but also provides opportunities for profit-taking and order restructuring for experienced traders.
Value Index Range Meaning Support/Resistance Zone Weekly 0.000026 USD Decisive milestone for long-term trend Liquidation Zone 0.0000256 – 0.0000262 USD Pressure for technical corrections, opportunity for profit-taking
Investors should be cautious when entering trades near this zone and wait for confirmation signals for the next trend to optimize profits.
What advice is there for traders holding BONK in the short term?
For traders currently holding long positions on BONK, taking profits around the 0.000026 USD range is recommended to secure short-term gains while waiting for a clearer trend.
According to the CEO of a cryptocurrency investment fund: 'Taking profits at key resistance levels helps players avoid unexpected volatility and better capitalize on the next market recovery.' (CEO CryptoFund, 07/2025)
What macro factors affect BONK's price?
The movement of Bitcoin plays a leading role in the altcoin market. Maintaining above 107.3 thousand USD, Bitcoin helps Tokens like BONK sustain their upward momentum.
This reflects the view of the majority of analysts and reports from the Coinalyze exchange, emphasizing that closely following BTC is necessary to predict BONK's price movements.
Frequently asked questions
What is BONK? BONK is a potential memecoin, standing out due to its recent surge and high demand from the cryptocurrency community.
How important is the 0.000026 USD zone? This is a resistance/support transition zone on the weekly chart, determining BONK's long-term trend.
What influences BONK's price? Bitcoin's volatility and buying power in the altcoin market are the two most important factors.
What should traders do when BONK's price hits 0.000026 USD? Consider taking profits or observing technical signals to decide whether to continue holding or withdraw.
How to monitor BONK's liquidity? Liquidity data and Open Interest can be viewed on platforms like Coinalyze and Coinglass to assess market strength.
Source: https://tintucbitcoin.com/bonk-but-pha-nho-cau-cao/
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