Will #bonk continue to rise? Can we hold on until the end of the bull market?
In the past two days, Solana network trading activities have increased.
Bonk prices and trading volumes have soared unprecedentedly.
The highest increase in 24 hours was achieved, with an increase of 12%.
The price increase was accompanied by a significant increase in daily trading volume, which increased by 67% to a total of US$522 million.
Behind the continued rise of bonk, as analyzed earlier, there are too many institutional traders in this round of bull market, and retail investors have less trust in the market. They all think that no matter what coin, they will be cut after buying it, and there are people behind the scenes manipulating it.
Well, I directly buy meme coins with less narrative and imagination.
On this basis, the meme sector has skyrocketed several times!
After the big wash a few days ago, bonk was burned in place and stood out first. It can be said that large households entered ETH in batches. Small households followed the hot spots one after another, and bonk absorbed the market.
At present, the trading volume of bonk has reached US$206 million, an increase of 77% over the same period. Additionally, open interest in Bonk-based derivatives contracts increased by 24%, indicating that more and more traders are entering new positions. This upward trend in open interest and price is often seen as a bullish indicator, confirming the strength of the current uptrend.
Spot market bullish sentiment towards meme tokens is growing. The Parabolic SAR indicator, which identifies potential trend directions and reversals, has shown positive signals. The indicator's dots appeared below Bonk's price for the first time since July 4, indicating a continuation of the uptrend. If this bullish trend continues, Bonk's price could rebound to $0.000027.
Currently in the bull market, the wind and clouds are surging, and we have the opportunity to share passwords every day.
Again, if you don't know what to do in the bull market, click on my avatar, pay attention, bull market spot planning, contract passwords, free sharing.
I need fans, you need references. It's better to pay attention than to guess.
