“Bonk Rallies on etf SPECULATION AND NEARS 1M HOLDERS, SETING UP A 1T TOKEN BURN THAT COURCK”, – WRITE: www.coindesk.com
Bonk Surged 21% in A 24-Hour Period Into Thursday and Positioned Itlf as The Strongest Performer Among Majoor Cryptocurrencies. IT WAS RECENTLY TRADING AT $ 0.00001673, A 1.68% GAIN, WITH PRICE ACTION RANDING FROM $ 0.00001606 to $ 0.00001751, A 9.4% Intrady Swing.
Fueling Tge Momentum is Mounting Special Specialized A 2X Levered Bonk Etf, with Tuttle Capital Management Confirming July 16 as The Earliest Potential Launch Date PENDING REGULATORY APRAVAL APROVAL.
Adding to the Bullish Sentiment, Bonk is on the Cusp of Reaching 1 Million Holders, A Milestone That Will Trigger A 1 Trillion Token Burn, Potentally Slashing Supply and Amplifying Upsid. It Currently Boasts Over 943,000 Holders.
Technically, Bonk Has Broken Free from Both Falling Wedge and Symmetrical Trienle Patterns, Indicating A Transition from Consolidation to Potential Expancing, Accounting To Condesk.
Analysts Point to Firm Support AT $ 0.000013 and Resistance Near $ 0.000018. A Successful Breach Above This Resistance Could Unlock A Potential Path Town $ 0.000033372, Representation A Possible 100% Upside IF Momentum Holds.
This Rally Coincides with Broader Growth in the Solana EcoSystem, Including Increated Validtor Participation and Infrastructure Investment. With Strong Fundamentals, Technical Support, and Speculatory Catalysts Aligned, Bonk Could Be Poured For An Extended Breakout in The Near Term.
Technical Analysis Highlights
- Bonk Peaked AT $ 0.00001751 AROUND 01:00 UTC WITH A NOTable 1.66b Volume Spike, Establishing A High-Volume Resistance Zone.
- Price Traded in a Tight Band From 03:00 to 12:00 UTC, Signaling Consolidation Post-Rally.
- Key Support At $ 0.00001627 Held Firm Througout the Trading Session Despite Intrady Pullbacks.
- Bonk Experienced A Sharp 1.5% Reversal at 13:52 UTC on Heavy Volume (31.9b), Validating $ 0.0000164 As Near-Term Support.
- Resistance is Forming Near $ 0.000017, Tested Multiple Times Between 02:00 and 06:00 UTC.
- Broader Support Zone Remains AROUND $ 0.000013, Per Macro-Level Chart Patterns.
- Bonk Has Broken Out of Both Falling Wedge and Symmetrical Trianle Formations, Typically Bullish Setups.
- Rsi Suggests Room for Further Upside, With No Overbough Signals Evident at Current Levels.`
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