During this week, the price of BONK increased by 14%. The Aroon Up line confirms the strength of the current uptrend. Now the indicator value has reached 92.86%. The metric determines the strength of an asset's trend and potential price turning points. When the Aroon Up line approaches the 100% level, it indicates a strong uptrend and that the latest high was reached relatively recently.
In addition, the Chaikin Money Flow (CMF) indicator shows a positive value of 0.02. This on-chain metric measures the movement of cash flows into and out of an asset. Negative indicators indicate that the initiative is on the side of the sellers, and liquidity is leaving the asset. Meanwhile, positive values indicate that buyers are investing capital to maintain price growth.
If the influx of liquidity into the coin continues and demand remains high, the price could rise to $0.000023.