🚀 Bonk ($BONK) Bullishness: 80% Price Rise Triggers Investors – Boon or Bane?

Bonk recently experienced a massive rally within four days, catching the attention of investors in the Solana ecosystem.

📈 Investor Activity: Active BONK holders are driving further upward movement in the meme coin's price, indicating renewed bullish sentiment.

💰 Short Position Liquidations: Over $2 million in short positions were liquidated in the past four days, reducing bearish pressure and allowing for potential price recovery.

📊 Funding Rate Shift: Bonk's funding rate has shifted from negative to positive, signaling a shift towards long positions dominating the futures market and indicating potential price rises.

🔮 Price Prediction: With the formation of a Golden Cross, where the short-term 50-day EMA crosses above the long-term 200-day EMA, Bonk (BONK) could see further price gains. The rally may help breach resistance levels around $0.0000284, paving the way for a rally beyond $0.00003.

#BONK🔥🔥 #priceprediction