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BONK eyes 77% breakout as price holds key support at 200 EMA Should BONK bulls hold firm above its 200 EMA, it could rally to $0.000035. BONK’s bullish momentum was intact unless the price drops below key moving averages Short sellers may rejoin the market if BONK slips below $0.000018 BONK, at the time of writing, seemed to be in a great position to post extra gains, despite a +140% recovery since April. Notably, the meme coin has maintained its uptrend on the charts, as shown by the rising channel (white). That’s not all though as the price action tagged key pivotal levels – A sign that the rally may be far from over. On the daily chart, the 200-day EMA (Exponential Moving Average, blue), was a notable obstacle in April. In May, the level (200EMA) was confirmed as support, which also aligned with the channel’s range low. This meant bulls are now firmly in control of the market, with the price action staying above its short and long-term moving averages. On the upside, the immediate bullish targets were $0.000025 and $0.000035. An extended rally to the latter ($0.000035) would translate to 77% potential gains. This bullish outlook can be supported by the daily RSI (Relative Strength Index), which has stayed above the mid-level since April. This suggested that demand has been above average. However, capital inflows have stagnated since mid-May, as revealed by the flat CMF (Chaikin Money Flow). This meant that the memecoin is yet to attract massive bids after the recent cool-off. That being said, the aforementioned bullish thesis would be invalidated if BONK’s price action slips below the long (200-EMA) and short-term (50, 100-EMA) moving averages. However, demand in the derivatives market saw a steady rebound, as illustrated by the Open Interest (OI) rate surge from $8.5 million to over $12 million. #BONK🔥🔥 $BONK

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Bitcoin [BTC] and Ethereum [ETH] are quietly vanishing from CEXes, fueling speculation about a looming supply crunch. As the available float continues to shrink, long-term holders appear to be tightening their grip — leaving the community questioning what this means for the next phase of the market cycle. By the numbers Bitcoin’s supply on exchanges has fallen to just 7.1% — its lowest level since November 2018 — while Ethereum has dropped below 4.9% for the first time in its 10+ year history. The pace of outflows over the past five years is striking: more than 1.7 million BTC and 15.3 million ETH have been withdrawn from CEXes. These figures indicate a growing trend toward self-custody and long-term holding, potentially setting the stage for a supply squeeze if demand begins to accelerate. The supply shock debate A supply shock typically occurs when available tokens on exchanges dwindle just as demand surges, creating upward pressure on prices. With BTC and ETH balances at multi-year lows, the stage seems set. Historically, similar trends have preceded major rallies, as shrinking float limits sell-side liquidity. But not everyone’s convinced. Some argue whales may simply be moving funds to cold storage for security, not accumulation. Others point to a still-cautious retail crowd and a possible cooling buzz post-ETFs. If sentiment shifts, sidelined capital could re-enter exchanges, quickly reversing the trend. Bitcoin: From fringe to mainstream Roughly 50 million Americans now own Bitcoin — surpassing gold ownership by a wide margin, per River and The Nakamoto Project. As BTC vanishes from exchanges, this shift is huge as far as priorities go. Bitcoin is no longer a fringe asset but a growing reserve alternative. The sharp drop in exchange supply may be tied less to speculation and more to a long-term redefinition of value in the digital age. #BTCPrediction #ETH🔥🔥🔥🔥🔥🔥 $BTC $ETH

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