$BONK Explodes with a 21% Surge – Is This the Start of a Major Rally?
After hitting a low of $0.000013, BONK skyrocketed 21.22%, reaching $0.0000175 as buying pressure intensified. Trading volume surged 332% to $548 million, signaling a massive wave of fresh demand.
Buyers Rush Back – A Major Shift in Sentiment
After days of selling dominance, the tide has turned. Data from Coinalyze reveals $1.61 trillion in buy volume on July 3rd, overpowering $1.44 trillion in sell orders. This bullish momentum follows a similar trend from the previous day, where buy volume hit 1.21 trillion, resulting in a +167.31 billion token buy-sell delta.
The shift is significant—after four straight days of sell pressure, traders are now aggressively accumulating, suggesting a potential trend reversal.
Futures Market Heats Up – Big Money Flowing In
Derivatives traders are jumping in, with Open Interest (OI) soaring 45.93% to $17.38 million, while trading volume exploded 271.1% to $97.59 million. The Long/Short ratio climbed to 1.057, meaning more traders are betting on further upside.
Technical Indicators Flash Bullish Signals
🔹 MACD has turned sharply upward, hitting -0.00000023, indicating strong bullish momentum.
🔹 RSI jumped to 60, entering bullish territory and confirming buyer dominance.
What’s Next for BONK?
If buying pressure continues, $0.000018 could be the next target, with a potential push toward $0.000020. However, if profit-taking kicks in, $0.000015 may act as key support.
Bottom Line:BONK is back in the spotlight—will this surge turn into a full-blown rally? 🚀
(Only for Education perpouse not financial advice)
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