$BONK

In the past few weeks, like many altcoins, the price of BONK Coin has fallen to its lowest point in two months. Many altcoins have fallen to the level of the end of 2023.

MACD signals a price increase and a bullish crossover. Despite this, the funding rate of BONK Coin futures is still falling. The fluctuation of the interest rate between negative and positive values ​​reflects the indecision of leeks. If the funding rate is negative, I think those who expect a fall, that is, short sellers, dominate. In the opposite case, long positions dominate and are considered to expect an increase.

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I hope our encounter is friendly.

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