Bonk Don Rally 21% Because ETF Buzz And Volume Spike, Eyeing $0.00002
Bonk bounce 8% after Tuttle Capital confirm say July 16 na di e earliest date wey dem go launch leveraged BONK ETF, wey help crypto rally as Bitcoin dey near e all-time high. The original launchpad, LetsBONK.fun, see daily trading volume jump 126%, and half di revenue na for BONK buybacks and burns. As Bonk dey near one million holders, dem get plan to burn 1 trillion tokens plus dem dey buy at support levels $0.0000157 and $0.0000168 wey support the recovery.
For latest session, Bonk jump 21.22% reach three-week high $0.0000175, trading volume spike 332% to $548 million. Spot buy volume 1.61 trillion BONK pass sell volume by 167 billion, show say demand dey rise again. For derivatives market, open interest climb 45.93% to $17.38 million and volume surge 271% to $97.59 million, plus long/short ratio pass 1.
Technical indicators like MACD and RSI dey show say bullish momentum still dey. If buying pressure continue, Bonk fit try $0.000018 and target $0.00002. If e pullback, support fit hold near $0.000015.
Bullish
Bonk price don dey continue dey rise—e start from 8% gain when dem talk say ETF go launch, come reach 21.22% rally when volume spike—dis one show say momentum tight for bullish side. Dem announce leveraged BONK ETF, e make demand increase again, plus LetsBONK.fun volume chook 126% up and token burn plans still dey add solid support. High spot buy volume, rising derivatives open interest and long/short ratio wey pass 1 dey show traders confidence dey increase. MACD and RSI still confirm say price go continue go up. Short term, buying pressure fit make Bonk reach $0.00002. Long term, if ETF rollout and burn mechanics continue, e fit keep rally strong, so outlook na very bullish.