💲 BONK Price Update 💲
Hey everyone! Let's talk about the latest on BONK, the meme coin known for its wild price moves. After reaching a new all-time high, BONK couldn't keep climbing and dropped sharply. Here's the latest:
🔻 **Investor Sentiment & Open Interest**
- Open Interest fell by $8 million in 48 hours, from $24 million to $16 million.
- Despite a positive funding rate, the drop in Open Interest shows bearish sentiment.
🔄 **Relative Strength Index (RSI)**
- The RSI is above the neutral line at 50.0.
- RSI measures momentum on a scale of 0 to 100. Above 70 is overbought, below 30 is oversold.
- Currently, the RSI suggests possible bullish momentum if it stays above 50.
🔮 **Price Prediction**
- The market shows mixed signals, suggesting BONK might move sideways.
- Expected to stay between $0.00003769 and $0.00003182.
- If it breaks above $0.00003769, BONK could reach $0.00004000, leading to a potential rally.
Stay tuned for more updates and watch the charts! 📊
