• bitcoinBitcoin (BTC) $ 66,935.00
  • ethereumEthereum (ETH) $ 3,100.15
  • tetherTether (USDT) $ 1.00
  • bnbBNB (BNB) $ 579.64
  • solanaSolana (SOL) $ 172.92
  • usd-coinUSDC (USDC) $ 1.00
  • staked-etherLido Staked Ether (STETH) $ 3,094.79
  • xrpXRP (XRP) $ 0.523147
  • the-open-networkToncoin (TON) $ 6.51
  • dogecoinDogecoin (DOGE) $ 0.155895
  • cardanoCardano (ADA) $ 0.481457
  • shiba-inuShiba Inu (SHIB) $ 0.000025
  • avalanche-2Avalanche (AVAX) $ 37.12
  • tronTRON (TRX) $ 0.124327
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 66,976.00
  • polkadotPolkadot (DOT) $ 7.19
  • chainlinkChainlink (LINK) $ 16.22
  • bitcoin-cashBitcoin Cash (BCH) $ 481.91
  • nearNEAR Protocol (NEAR) $ 7.97
  • matic-networkPolygon (MATIC) $ 0.714467
  • litecoinLitecoin (LTC) $ 84.09
  • internet-computerInternet Computer (ICP) $ 13.00
  • fetch-aiFetch.ai (FET) $ 2.35
  • uniswapUniswap (UNI) $ 7.52
  • leo-tokenLEO Token (LEO) $ 5.90
  • daiDai (DAI) $ 1.00
  • pepePepe (PEPE) $ 0.000010
  • ethereum-classicEthereum Classic (ETC) $ 28.73
  • hedera-hashgraphHedera (HBAR) $ 0.114697
  • render-tokenRender (RNDR) $ 10.02
  • aptosAptos (APT) $ 8.61
  • wrapped-eethWrapped eETH (WEETH) $ 3,214.06
  • first-digital-usdFirst Digital USD (FDUSD) $ 1.00
  • immutable-xImmutable (IMX) $ 2.38
  • cosmosCosmos Hub (ATOM) $ 8.66
  • crypto-com-chainCronos (CRO) $ 0.125530
  • mantleMantle (MNT) $ 1.01
  • filecoinFilecoin (FIL) $ 5.88
  • stellarStellar (XLM) $ 0.108528
  • arweaveArweave (AR) $ 47.91
  • blockstackStacks (STX) $ 2.12
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 3,044.81
  • okbOKB (OKB) $ 50.20
  • the-graphThe Graph (GRT) $ 0.316282
  • kaspaKaspa (KAS) $ 0.121863
  • optimismOptimism (OP) $ 2.59
  • dogwifcoindogwifhat (WIF) $ 2.80
  • arbitrumArbitrum (ARB) $ 1.03
  • makerMaker (MKR) $ 2,821.56
  • vechainVeChain (VET) $ 0.035889
  • bittensorBittensor (TAO) $ 379.11
  • suiSui (SUI) $ 1.08
  • moneroMonero (XMR) $ 135.30
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • injective-protocolInjective (INJ) $ 24.81
  • thorchainTHORChain (RUNE) $ 6.81
  • theta-tokenTheta Network (THETA) $ 2.22
  • fantomFantom (FTM) $ 0.789779
  • flokiFLOKI (FLOKI) $ 0.000208
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,430.31
  • jupiter-exchange-solanaJupiter (JUP) $ 1.29
  • celestiaCelestia (TIA) $ 9.44
  • coredaoorgCore (CORE) $ 1.87
  • sei-networkSei (SEI) $ 0.561173
  • bonkBonk (BONK) $ 0.000025
  • lido-daoLido DAO (LDO) $ 1.80
  • galaGALA (GALA) $ 0.044964
  • bitget-tokenBitget Token (BGB) $ 1.08
  • algorandAlgorand (ALGO) $ 0.183657
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,198.56
  • ondo-financeOndo (ONDO) $ 0.994768
  • whitebitWhiteBIT Coin (WBT) $ 9.87
  • quant-networkQuant (QNT) $ 97.45
  • akash-networkAkash Network (AKT) $ 5.93
  • flowFlow (FLOW) $ 0.898265
  • aaveAave (AAVE) $ 88.27
  • bitcoin-svBitcoin SV (BSV) $ 66.19
  • singularitynetSingularityNET (AGIX) $ 0.979033
  • beam-2Beam (BEAM) $ 0.024541
  • bittorrentBitTorrent (BTT) $ 0.000001
  • flare-networksFlare (FLR) $ 0.028240
  • dydx-chaindYdX (DYDX) $ 2.05
  • neoNEO (NEO) $ 15.60
  • elrond-erd-2MultiversX (EGLD) $ 40.50
  • cheeleeCheelee (CHEEL) $ 19.12
  • axie-infinityAxie Infinity (AXS) $ 7.50
  • zebec-protocolZebec Protocol (ZBC) $ 0.021118
  • chilizChiliz (CHZ) $ 0.121438
  • worldcoin-wldWorldcoin (WLD) $ 5.01
  • ethenaEthena (ENA) $ 0.714222
  • msolMarinade Staked SOL (MSOL) $ 205.62
  • gatechain-tokenGate (GT) $ 7.97
  • the-sandboxThe Sandbox (SAND) $ 0.447464
  • wormholeWormhole (W) $ 0.558602
  • tokenize-xchangeTokenize Xchange (TKX) $ 12.44
  • jasmycoinJasmyCoin (JASMY) $ 0.020196
  • ecasheCash (XEC) $ 0.000049
  • eosEOS (EOS) $ 0.819988
  • kucoin-sharesKuCoin (KCS) $ 9.82
  • safeSafe (SAFE) $ 2.20
  • tezosTezos (XTZ) $ 0.938111
  • aioz-networkAIOZ Network (AIOZ) $ 0.833905
  • roninRonin (RON) $ 2.79
  • conflux-tokenConflux (CFX) $ 0.223177
  • mina-protocolMina Protocol (MINA) $ 0.807572
  • havvenSynthetix Network (SNX) $ 2.67
  • ordinalsORDI (ORDI) $ 41.18
  • book-of-memeBOOK OF MEME (BOME) $ 0.012216
  • starknetStarknet (STRK) $ 1.15
  • decentralandDecentraland (MANA) $ 0.434225
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 3,095.87
  • lido-staked-solLido Staked SOL (STSOL) $ 204.82
  • ribbon-financeRibbon Finance (RBN) $ 0.819775
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,120.91
  • gnosisGnosis (GNO) $ 304.99
  • apecoinApeCoin (APE) $ 1.25
  • heliumHelium (HNT) $ 4.72
  • pendlePendle (PENDLE) $ 4.83
  • dexeDeXe (DEXE) $ 13.01
  • nexoNEXO (NEXO) $ 1.32
  • usddUSDD (USDD) $ 0.999292
  • kavaKava (KAVA) $ 0.674527
  • theta-fuelTheta Fuel (TFUEL) $ 0.109663
  • iotaIOTA (IOTA) $ 0.219627
  • nervos-networkNervos Network (CKB) $ 0.016169
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.68
  • axelarAxelar (AXL) $ 1.04
  • pyth-networkPyth Network (PYTH) $ 0.459651
  • echelon-primeEchelon Prime (PRIME) $ 17.47
  • klay-tokenKlaytn (KLAY) $ 0.180319
  • fraxFrax (FRAX) $ 0.998501
  • ocean-protocolOcean Protocol (OCEAN) $ 0.980902
  • livepeerLivepeer (LPT) $ 19.49
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000109
  • oasis-networkOasis Network (ROSE) $ 0.092986
  • frax-etherFrax Ether (FRXETH) $ 3,080.91
  • bitcoin-goldBitcoin Gold (BTG) $ 35.41
  • fasttokenFasttoken (FTN) $ 1.98
  • sats-ordinalsSATS (Ordinals) (SATS) $ 0.00000029
  • mantra-daoMANTRA (OM) $ 0.740144
  • blurBlur (BLUR) $ 0.376122
  • tether-goldTether Gold (XAUT) $ 2,418.87
  • swethSwell Ethereum (SWETH) $ 3,262.85
  • osmosisOsmosis (OSMO) $ 0.873707
  • jito-governance-tokenJito (JTO) $ 4.72
  • dydxdYdX (ETHDYDX) $ 2.05
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 3,312.79
  • woo-networkWOO (WOO) $ 0.298995
  • xdce-crowd-saleXDC Network (XDC) $ 0.036421
  • illuviumIlluvium (ILV) $ 84.32
  • wemix-tokenWEMIX (WEMIX) $ 1.50
  • golemGolem (GLM) $ 0.539839
  • astarAstar (ASTR) $ 0.092806
  • curve-dao-tokenCurve DAO (CRV) $ 0.430700
  • arkhamArkham (ARKM) $ 2.38
  • true-usdTrueUSD (TUSD) $ 1.00
  • raydiumRaydium (RAY) $ 1.93
  • pepecoin-2PepeCoin (PEPECOIN) $ 4.34
  • 0x0x Protocol (ZRX) $ 0.588952
  • aerodrome-financeAerodrome Finance (AERO) $ 1.09
  • staked-frax-etherStaked Frax Ether (SFRXETH) $ 3,352.82
  • apenftAPENFT (NFT) $ 0.00000049
  • iotexIoTeX (IOTX) $ 0.050802
  • superfarmSuperVerse (SUPER) $ 1.06
  • memecoin-2Memecoin (MEME) $ 0.026114
  • radixRadix (XRD) $ 0.044917
  • enjincoinEnjin Coin (ENJ) $ 0.322254
  • dymensionDymension (DYM) $ 2.73
  • venomVenom (VENOM) $ 0.281451
  • mx-tokenMX (MX) $ 4.72
  • celoCelo (CELO) $ 0.865809
  • ethereum-name-serviceEthereum Name Service (ENS) $ 14.86
  • polymeshPolymesh (POLYX) $ 0.439244
  • 1inch1inch (1INCH) $ 0.398339
  • trust-wallet-tokenTrust Wallet (TWT) $ 1.10
  • stepnGMT (GMT) $ 0.223156
  • ankrAnkr Network (ANKR) $ 0.044723
  • pax-goldPAX Gold (PAXG) $ 2,387.89
  • zilliqaZilliqa (ZIL) $ 0.023783
  • biconomyBiconomy (BICO) $ 0.563210
  • nosanaNosana (NOS) $ 5.24
  • altlayerAltLayer (ALT) $ 0.321854
  • popcatPopcat (POPCAT) $ 0.431985
  • magaMAGA (TRUMP) $ 9.10
  • siacoinSiacoin (SC) $ 0.007294
  • ravencoinRavencoin (RVN) $ 0.029684
  • arcblockArcblock (ABT) $ 4.15
  • terra-luna-2Terra (LUNA) $ 0.594131
  • project-galaxyGalxe (GAL) $ 3.53
  • manta-networkManta Network (MANTA) $ 1.62
  • holotokenHolo (HOT) $ 0.002287
  • reserve-rights-tokenReserve Rights (RSR) $ 0.007976
  • corgiaiCorgiAI (CORGIAI) $ 0.001152
  • paypal-usdPayPal USD (PYUSD) $ 0.999620
  • amp-tokenAmp (AMP) $ 0.007101
  • ether-fiEther.fi (ETHFI) $ 3.46
  • zetachainZetaChain (ZETA) $ 1.67
  • rocket-poolRocket Pool (RPL) $ 19.36
  • stader-ethxStader ETHx (ETHX) $ 3,174.15
  • compound-governance-tokenCompound (COMP) $ 56.95

Bonk (BONK) Bullishness: 80% Price Rise Triggers Investors – Boon or Bane?

0 28

Bonk (BONK), the famed meme coin of the Solana ecosystem, recently noted a massive rally in the span of four days.

The BONK holders became active again, which might drive the meme coin further upwards.

Rally Gives Investors a Bonk

Bonk’s price has largely been wedged in a downtrend, bringing the coin down below $0.000024 in the last couple of days. This will likely change as the bears could take a step back following the recent losses.

Short positions worth over $2 million were liquidated in the last four days. As the prices rose, the short contracts anticipating a further decline in altcoin’s value were settled and sold off.

This will keep bears away from placing more bets against Bonk’s price rise. Looking at their behavior, it seems like BONK holders have already incorporated this into their actions.

Bonk (BONK) Bullishness: 80% Price Rise Triggers Investors – Boon or Bane?

Bonk Liquidations. Source: Coinglass

The Funding rate of Bonk, which has been negative for nearly the entirety of the past month, has turned positive. This funding rate refers to the fee paid by one trading party to another in perpetual futures contracts, helping to balance market demand. It’s aimed at incentivizing traders to maintain the contract’s value close to the spot price.

Bonk (BONK) Bullishness: 80% Price Rise Triggers Investors – Boon or Bane?

Bonk Funding Rate. Source: Coinglass

Positive rates hint at long contracts dominating the Futures market, while negative rates suggest short contracts are taking precedence. Thus, in the case of Bonk, the resurgence of positive rates signals a rise in prices.

Bonk Price Prediction: Golden Cross Rally on the Way

Bonk’s price noted an 80% rally in the span of four days and is looking to gain more based on two factors. The first was the aforementioned shift in investor behavior, and the second was the formation of the Golden Cross.

The Golden Cross, a bullish signal in technical analysis, occurs when a short-term 50-day Exponential Moving Average (EMA) surpasses a long-term 200-day EMA, suggesting potential upward market momentum.

Bonk (BONK) Bullishness: 80% Price Rise Triggers Investors – Boon or Bane?

BONK/USDT 4-hourchart. Source: TradingView

This would help the meme coin breach the resistance marked at $0.0000284, providing the necessary boost to rally beyond $0.00003.

However, if bearish market cues dominate the meme coin, Bonk’s price could fall to $0.00002153. Losing this would invalidate the bullish thesis, again sending BONK below $0.00002.

Source

Leave A Reply

Your email address will not be published.