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The hovering near the fresh historic maximum, MEMECOIN based in Solana, Bonk, leads the main altcoin rally.
The growth coincides with the renewed optimism in risk assets after recovery of bitcoins over $ 110,000, which has launched extensive profits across the established cryptocurrencies.
Bonka’s dynamics seems sustainable because numerous crypto analysts express the bull sentiment and quote the remaining significant potential.
Recently added to Bonk’s Buse Case, Token Launchpad Bonk Foundation, Letsbonk.fun, Recently overwhelmed Competitive pump.fun in daily volume with 126% increase. This development is beneficial to BONK holders, because 50% of the platform revenue is assigned to buy and combust the Bonků tokens, creating additional positive price pressure on the market, which already expects the upcoming 1 trillion tokens when the project reaches 1 million holders.
Meanwhile Tuttle Capital Management confirmed 16 July as the first possible start date for its set of lever crypt ETF, including 2 × Bonk ETF, driven by a bull sentiment.
Emphasizing technical analysis
- Bonk-USD couple experienced increased shopping pressure in the last 24 hours, from 2 July, 16:00 UTC, to 3 July, 15:00 UTC. According to the technical analysis of Coindesk Research, it increased from $ 0.0000147 to the top of $ 0.0000175, which is a range of 10.4%.
- A significant volume increase of 2.9 trillion at midnight on July 3.
- However, during the last 60 minutes from 3 July at 14:50 to 15:49 UTC, Bonnk-USD experienced significant volatility, dropping from $ 0.00001666 to a minimum of $ 0.00001619 before recovering to $ 0.00001624.
- A remarkable volume increase of 86.9 trillion at 15:35 coincided with the price day for $ 0.00001619, setting a key level of support. Subsequent recovery consisted of an ascending trend line with increasing volumes, especially at 15:49, where according to the model increased 22.5 trillion in volume by 2.7% by 2.7%.
Renunciation of responsibility: Parts of this article were created with the help of AI tools and reviewed our editorial team to ensure accuracy and observance our standards. See more information Complete policy of AI of Coindeska.
