🚀 BONK Frenzy: Open Interest Hits 2025 High Amid Price Surge

Bonk (BONK) is back in the spotlight as price momentum builds — up over 20% last week and continuing higher on Tuesday, trading around $0.000027.

🔍 Key Developments:

Open Interest (OI) surged to $507.5M, its highest level since December 2024, per Coinglass — up from $393.8M on Saturday. This spike signals strong inflows and rising market confidence.

Launchpad Dominance: BONK’s letsbonk.fun platform now leads all Solana launchpads in weekly revenue, pulling in $7.97M, further fueling bullish sentiment.

📈 Technical Outlook:

BONK broke above key daily resistance at $0.000024, gaining 6.4% in 48 hours.

If the $0.000024 support holds, next resistance is at $0.000034.

RSI is elevated at 74 — signaling bullish momentum but cautioning overbought conditions.

MACD crossed bullishly in late June; rising histogram bars suggest momentum remains intact.

🧠 Price Forecast:

Bull Case: Continued climb toward $0.000034 if momentum holds.

Bear Case: A short-term correction could pull BONK back to $0.000024 support.

BONK’s performance and sentiment could make it a key memecoin to watch this week.

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