- Okx traders went to Bonk for a long time while they opened purchasing contracts, a common feeling through the market.
- A major rally could occur on Bonk if the bullish feeling persists; However, lowering indications remain.
In the past 24 hours, the bullish feeling on Bonk (Bonk) has become more obvious, a rally of 7.37% bearing its value to $ 0.0000,1851.
This rally comes after a series of market slowdowns, with a loss of 28.79% in last week and 46.55% in the last month.
The analysis, however, shows that the current upward wave could potentially eliminate all the losses recorded on the market during the last month, allowing Bonk to regain its position.
Okx and market merchants are downgraded
There was an increase in the purchase interest among derivative merchants, OKX traders conducting the purchase activity.
The long / short ratio, a metric evaluating long contracts (buyers) compared to short -term contracts (sellers), exceeded 1. When this ratio is greater than 1, it suggests that there are more buyers than sellers on the market.
The long / short / short ratio of quince on the accounts shows that the OKX traders are more optimistic, with a reading of 1.91. The Haussier market overall ratio is 1.0396.
The financing rate of open interest, combining the financing rate and open interest, has become positive at 0.0051% after a prolonged downward period.
This indicates that long contracts now have greater value alongside a higher number of long traders.
Source: Coringlass
Ambcrypto’s analysis shows that a major market rally is on the horizon for Bonk.
Haussier surface training
Bonk’s analysis on the graph shows upward training. At the time of writing the writing moment, the asset was negotiated in a downward price channel, the price oscillating in both directions in the defined channels, downward trend.
The channel now coincides with two major levels of support at $ 0.00001862 and $ 0.00001582. If the current support level at $ 0.00001862 holds, Bonk would have recorded approximately a 192%gain, reaching $ 0.00005444.
Source: tradingView
If the feeling changes and Bonk see a drop, it will come back at the level of support less than 0.00001582, which should catalyze a rebound. Otherwise, its price could fall more.
Will the decline continue?
The divergence of Mobile Average Convergence (MACD) and the relative resistance index (RSI) both showed a downward signal but with a potential rally.
MacD, which uses long -term and short -term mobile averages to determine the movement of the market, shows that the market is still in lowering mode, both the blue MacD line and the trend of the signal line down in the bottom in the negative region.
This suggests that Bonk could drop, potentially at the level of a support less than 0.00001582.
Source: tradingView
Read the price forecast of Bonk (Bonk) 2025-26
On the other hand, the RSI had crossed the region of occurrence less than 30 with its current reading of 29.55, suggesting that the seller’s exhaustion began, and a rebound should occur soon.
