CandleFocus BONK Price Defies Bears with 4% Surge, Open Interest Signals Massive Rally
2024-09-07
Author: Content Editor
The meme coin BONK, based on Solana, has been performing well compared to major cryptocurrencies like Bitcoin, Ethereum, and Solana. Its open interest has increased by 16% in the last 24 hours, showing growing interest from traders. BONK has seen a 4% price surge and its trading volume has increased by 72%. Technical analysis suggests it is near a crucial support level and could potentially soar by 30% if it breaks through resistance levels. The Relative Strength Index (RSI) indicates a potential bullish reversal, while on-chain metrics such as the Long/Short ratio and open interest also support the bullish outlook for BONK.
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