Bonk crypto pushed by strong demand: Is a move beyond $0.000025 next?

• The weekly time frame showed the bear structure and $ 0.000026 must be inverted to change it.
• The high demand for Bonk meant that at the end of this month it was possible to move to the May High.

Bonk [BONK] saw the increased demand and Strong bull sentiment in recent days.

Coinelyze data revealed that Memecoin Over the last 24 hours, the price increased 4%, but an 8% increase in open interest. Speculative activity was another bull -power market.

Price movement Bitcoin [BTC] will probably affect altcoin Market, including MEMECOIN sector. A decline below $ 107.3,000 could overturn short -term market expectations.

If King Coin continues to trend or higher, there is a great chance that Bonk could be able to question and overcome the local maximum.

Bonk Crypto Fees towards May Highs

Move over $ 0.000018 $ 5. July was the first actual sign of recovery.

In a Recent messageAmbcrypto emphasized the bull short -term expectations for Bonka. This happened, as evidenced by the strong assemblies for a resistance of a round number of $ 0.00002.

Obv has risen around the maximum since May, and the volume of trade volumes showed remarkable daily trading volumes in the last few days.

This increase in demand could push the prices of a crypto bonků towards the level of $ 0.00000025, which is the price high since May. Fibonacci levels have shown that an extension level of 23.6% to $ 0.0000298 was a viable price goal for bulls.

However, traders and investors must remember that the weekly chart was bear until the $ 0.000026 region could not be inverted to support.

The thermal map of the liquidation confirmed the expectations of the price table. The area of ​​0.0000256-0,0000262 $ was a significant magnetic zone.

The concentration of liquidation levels meant here that the bear reversal was a possibility.

Given that the demand and momentum for bulls was strong, it could cause a smaller move over the head of the next attempt to move higher.

Therefore, traders Bonk could already seem to have a profit of around $ 0.00000026 and wait for the price action to evolve before taking the next step.

Resistance of liability: The information presented does not represent financial, investment, trading or other types of advice and are merely the opinion of the writer