$BONK LIQUIDATION DRAMA

1000BONK just saw a massive $70.5K short liquidation at a pivotal price of $0.0525!

What Happened?

Traders betting against $BONK were caught off guard as the token’s price broke through resistance.

This short squeeze forced bears to cover, creating a surge of bullish momentum and renewed interest in BONK’s potential.

Key Highlights:

1️⃣ Short Squeeze Impact: Liquidations this large often amplify upward pressure, as sellers scramble to exit losing positions.

2️⃣ Market Sentiment: $BONK ’s strong community and increasing DeFi presence may be fueling optimism for sustained growth.

3️⃣ Critical Levels: Breaking $0.0525 is significant, potentially setting the stage for BONK to challenge higher resistance zones.

What’s Next for BONK?

Bullish Scenario: If momentum continues, BONK could eye $0.055-$0.058 as the next target.

Watch for Pullbacks: With high volatility, traders should monitor retracement levels and trading volumes.

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