Bonk gears by 10% rally next week

Bonk, the embodiment on the dog’s theme, wiped almost 14% of its value in the last seven days. The fifth largest meme with market capitalization noted a large amount of capitulation in the past week.

However, technical indicators indicate the probability that the next week will be in the probability of gains.

Bonk prognosis price

Bonk (Stifle), Mema mounts with market capitalization above 1.436 billion dollars, saw their price drop last week.

Even as analysts watched capital rotation from large market caps to smaller chryptos and salt-based mems, finally the price of Bonk was behind, while Blue-Chip Def Tokens like Dogwifhat (Vif) LED in gains.

The price of Bonk slid 14% in the last seven days, after publishing almost 60% of the days in the past month.

The daily and weekly price prices show mixed signals. Technical indicators such as MACD helped at weekly price prices, signaling the basic positive momentum in the pricing trend. RSI reads 48, hovering near a neutral level.

Bonk trades from 0.00001875 dollars at the time of writing and closest resilience is the lower limit of the fair value of the weekly price chart, at 0.00002039 dollars. The closest support for a coin coin is the lower limit of zone imbalance, at 0.00001572 dollars.

The daily price list shows a negative view, which means further correction is probably during the weekend. While Bonk in the trend is growing, the price slipped into an imbalance zone. Once Bank collects liquidity, it could try resilience to 0.00002039 and 0.00002581 USD, levels of key marks marked by the lower boundaries of FVG on the daytime.

The RSI reads 49, near neutral and MACD, flashes red rods of histograms above the neutral line, which means that there is a basic negative momentum in trend in the price of Bonk.

Traders must watch a daily price curriculum for reversal signs, if RSI slopes up or MACD flashes green hidden bars, it could support a bikal thesis at the daytime.

Analysis on chain and derivatives

The data on the chain from the CRIPTO Intelligence Tracker Santiment shows that the scope of the transaction and the social domination of Bonk suffered last week.

The volume of the transaction presents the activity of the Bonn Dealer through exchanges and social domination is the share of bona compared to other cryptos in the social media, on KS and other platforms.

The decline in transaction volume and social domination signals probably lack interesting or fatigue among BONK owners. However, this could be a positive development for BONK because metrics do not indicate a relative increase in pressure sales or other factors that could listen to further correction in solo-based sola.

Data from coiglas derivatives show a large amount of long liquidations, unlike shorts, in the last 24 hours. This consistent with the price of prices noted in the last seven days. COIGULAM data show that more than $ 251,000 are long positions liquidated, against $ 2670 in shorts.

The long / short ratio on the OCCS exceeds 1, it reads 1.81 at the time of writing. This indicates that the people on the platform on the platform were helped by increasing the price of Bonk.

Gornji Catalysts Ride Gains In Bonk

In addition to Laan and Bikar indicators, key market drivers like the announcement of Bonk’s partnership with Nasadak, the Default Corp. for launching its validator for its Mema adjustment, will probably drive gains in Meme Solana token.

This development is the key to the BONK community, because it represents its kind partnership between NASDAK and Token Meme based on Solana Blockiain.

According to the Bonk team, it expands the coverage of Validaires, contributes to the growth of bonkson, liquid appointed in the community and reinforces decentralization of Solana’s architecture.

As Bonk runs the pilot, it sets a draft for partnership between memes and public companies that are publicly listed to support the block and decentralization of Solana.