Despite bearish sentiment, meme coin $BONK keeps rising. Its price is up 25% in a month, forming an uptrend channel. However, some investors are cashing out and negativity surrounds BONK online (weighted sentiment -0.79). Futures open interest also dropped 18% since June. But bulls remain hopeful. BONK's RSI (62.25) shows more buying than selling, and the Elder-Ray Index is positive. If buying continues, BONK could break its channel and climb higher.

#Bonk #altcoins #BinanceLaunchpool #writetoearn