Bonk [BONK] continues to impress with an 8.73% rise, reaching $0.00002571 at press time, marking a significant gain in its upward trend.
Rising volume, short liquidations, and Open Interest point to continued gains.continues to impress with an 8.73% rise, reaching $0.00002571 at press time, marking a significant gain in its upward trend.
While this could suggest a potential short-term pullback, the widening of the Bollinger Bands implies increasing volatility, which often leads to significant price action. Additionally, increased volume reflects stronger buyer conviction, signaling potential for continued gains.Short sellers are under pressure, with $126.59K in short liquidations recently recorded. The liquidation chart highlights a dominance of long positions, with only $30.88K in long liquidations during the same period.
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