Main takeout:
Bonk Price has risen 73% since April 22, with a maximum of $ 0.00002167 for five months.
BONK’s interest was $ 43.2 million, up 290%.
Bonk (BONK), a second -largest solara -based Memecoin based on a market cap, continues to recover on April 22. BONK rose about 73%of the lowest $ 0.00001247 on April 22, raising the price to $ 0.00002167 on April 28.
According to the data from the COINTELELEGRAPH Markets Pro and TradingView, Bonk transactions have increased by 3% over the last seven days, with $ 0.00001923.
BONK’s trading volume was $ 470 million, up 98% over the last 24 hours, and its market cap reached $ 1.7 billion on April 28 and now returned to $ 1.5 billion.
Let’s look at the factors that caused Bonk’s price momentum last week.
Memo coin is generally restored
In the last seven days, Bonk ‘S Rally reflects the optimistic price fluctuations of the larger encryption market, including the Memecoin division. Most Memecoins made two -digit revenue last week. The main memo coins, DOGE and SHIBA INU (SHIB), have increased 3% and 5% over the last seven days.
The official Trump (Trump), a meme associated with US President Donald Trump, recorded 73%of the week, and the bass Brett raised 83%over the same period.
This extensive rally moved the total Memecoin market value to $ 55.1 billion last week, according to CoinmarketCap data.
In the last seven days, the Memecoin trading volume, which shows a weekly change of 85%, has recorded more than $ 760 billion. The resurrection is once again led by investors who accept dangerous assets such as memo coins.
If you increase the open interest, there is a rally of BONK.
In the last seven days, the surge in BONK prices comes after an open interest (OI) has increased significantly.
BONK’s total OI for all exchange rose 290% from $ 11 million on April 22 to $ 43.2 million on April 26, which fell to $ 28 million at the time of writing, but was much higher than OIs since December 2024.
Increasing public interests indicate that speculative activities increase as merchants participate in Bonk Futures.
CoingLass’s data shows that the demand for long positions in Bonks is increasing over the last few days, as pointed out by the rate of financing of the OI weighted futures.
Increasing the financing rate is generally strong in futures traders and expects future price hikes, which can show continuous continuation.
Bonk’s social dominance is still high and suggests high social activities. According to Santiment data, Bonk’s social dominant spike is from 0.091%to 0.572%between April 20 and April 26, led by Bonk’s Ecosystem Buzz.
As the chat in the social media platform increases, the retail and institutional interest will increase, amplify FOMO and lead the demand.
Bonk is out of the decline in multiple monitors
On April 13, Bonk Price broke out in parallel channels of descending and supported the strength of 50 days, 100 and 100 days, and supported the EMA.
Bulls will continue to rebound to an important resistance level at $ 0.00002410 (200 days SMA) in the short term. Daily candle sticks above this level can be seen as a large amount of bonk to the January 19th range near $ 0.000040. This is a 104% increase from the current price.
The rapid rise of the relative robbery index and the location in 71 in the overpass area strengthen the power of buyers in the market.
However, over -purchase conditions can promote profits by making some modifications before Bonk continues to rise.
On April 28, X’s popular analyst world declared, “We are looking forward to doubling in the future.”
Meanwhile, the encryption tank has found that breaking bonk from optimistic penant for 30 minutes for 0.00002690 for 30 minutes.
This article does not include investment advice or recommendation. All investment and trading measures include risks, and the reader must do his own research when making a decision.