The main dishes to remember:
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Bonk Price has increased by 73% since April 22, reaching a five -month higher of 0.00002,167 $.
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Bonk’s open interest jumped from 290% to $ 43.2 million.
Bonk (Bonk), the second largest same, based in Solana, by market capitalization, is on the right track to continue the recovery it started on April 22. Bonk climbed approximately 73% compared to its hollow of April 22 of approximately 0.00001247, which brought its price to an intraday summit of $ 0.00002167 on April 28.
Cointelegraph Markets Pro and TradingView data show that Bonk is negotiated at $ 0,0000,1923, up 3% over the 24 hours and 60% in the last seven days.
Bonk’s negotiation volume jumped 98% in the last 24 hours to $ 478 million, and its market capitalization also jumped, briefly affecting $ 1.7 billion on April 28, before recovering at the current level of $ 1.5 billion.
Let’s examine the factors that fueled Bonk’s price dynamics during last week.
Same is recovered in all areas
Bonk’s rally in the last seven days reflects the breaded price movements on the wider market of cryptography, including the same sector. Most of the same have displayed two -digit gains in last week. Doge and Shiba Inu (SHIB), the main same, have jumped 3% and 5% in the last seven days.
The Trump Manager (Trump), the same partner with the American president Donald Trump, recorded 73% of weekly gains, while basic base (Brett) rallied 83% in the same period.
This widespread rally carried the total market value of the same to 55.51 billion dollars, a jump of 17.5% last week, according to CoinmarketCap data.
More than $ 7.96 billion in the Memecoin trading volume have been recorded in only the last seven days, representing a weekly variation of 85%. The resurgence is motivated by investors adopting once again assets at risk as the same.
Increase in open interest Backs Rallye de Bonk
The high increase in Bonk’s price in the last seven days comes after a significant leap in its open interest (OI).
Bonk total OI on all scholarships increased from 290%, from $ 11 million on April 22 to $ 43.2 million on April 26. Although this metric has since fallen at $ 28 million at the time of the editorial staff, it remains considerably higher than the Ouvert since December 2024.
The increase in open interests reflects the growing participation of traffic in Bonk Futurs, indicating increased speculative activity.
Coinglass data show an increasing demand for long -speaking positions in Bonk in the past few days, as indicated by the funding rate of weighted il.
The increase in financing rates generally suggest that long -term merchants are optimistic, which expects future price increases, which may indicate a continuation of the upward trend.
Bonk’s social domination remains high, suggesting a high social activity. Santiment data show that Bonk’s social dominance spreads from 0.091% to 0.572% between April 20 and April 26, driven by Bonk’s ecosystem buzz.
This increase in chatting on social media platforms reflects an increase in retail and institutional interests, amplifying the FOMO and stimulating demand.
Bonk comes out of a downward trend of several states
On April 13, Bonk Price broke out of a descending parallel channel, triggering a force that saw him return the exponential medium -sized moving of 50 days and 100 days (EMAS) to support.
Bulls will probably continue the rebound to the significant level of resistance at $ 0.00002410 (200 -day SMA) in the short term. A daily candlestick close to this level, accompanied by a high volume, could see Bonk go up to the January 19 range at almost $ 0.000040. This would represent an increase of 104% compared to the current price.
The net increase in the relative force index and its position to 71 in the excessive region reinforce the domination of buyers on the market.
However, the over -racket conditions could facilitate taking advantage, which gave a slight correction before Bonk continues its upward trend.
“The $ Bonk’s descending trend line has been erased,” said a popular analyst World of Charts in an article on April 28 on X, “while waiting for 2x in the coming days”.
Meanwhile, Crypto Joe spotted Bonk getting out of a bullish pennant within 30 minutes targeting $ 0.00002690.
This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks and readers should conduct their own research when they make a decision.
