Bonk Price Prediction: 38% Volume Spike, Harmonic Reversal Fuel Hopes of Short-Term 70% Rally
The post Bonk Price Prediction: 38% Volume Spike, Harmonic Reversal Fuel Hopes of Short-Term 70% Rally appeared on BitcoinEthereumNews.com. Key Notes BONK completed harmonic pattern breakout from falling wedge structure with price holding above $0.00001450 support zone. Open interest jumped 15.57% to $12.63M while trading volume spiked 38.13% indicating renewed trader confidence. Gen1 Solana Mobile reward program ending July 31 could reduce circulating supply supporting long-term price action. Bonk BONK $0.000015 24h volatility: 11.7% Market cap: $1.18 B Vol. 24h: $219.64 M price is showing signs of early reversal after weeks of downside pressure. On the 4-hour chart, BONK is trading near $0.00001506, having broken above a six-week falling wedge structure and a completed harmonic pattern between points X to D. BONKUSD price forecast | Source: TradingView The harmonic setup – possibly a Bat or Gartley variant, terminated near a key historical support zone, overlapping with multiple Fibonacci retracement levels. After forming the D-point, BONK compressed within the wedge and broke out cleanly, with price now holding above the $0.00001450–$0.00001500 zone. Technical Structure Turns Positive With EMA And Volume Confirmation BONKUSD price forecast | Source: TradingView Following the breakout, BONK reclaimed the 20, 50, and 100 EMA cluster and is currently testing the 200 EMA for the first time in over two weeks. Bollinger Bands have widened significantly, signaling a shift from consolidation to volatility. If bulls maintain momentum, upside targets include $0.000018, $0.000022, and potentially $0.000026. Each of these zones coincides with previous high-volume rejection points. However, if support at $0.0000145 fails, downside risk returns toward $0.000013 and $0.000012. Volume Spike And Gen1 Program Add Fundamental Tailwinds BONK Derivative Analysis | Source: CoinGlass According to CoinGlass, On July 2, BONK recorded a 15.57% increase in open interest, reaching $12.63 million, alongside a 38.13% jump in trading volume to $35 million. These metrics indicate renewed trader confidence and growing participation across derivatives and spot markets. BONK’s team also confirmed…
The post Bonk Price Prediction: 38% Volume Spike, Harmonic Reversal Fuel Hopes of Short-Term 70% Rally appeared on BitcoinEthereumNews.com.
Key Notes BONK completed harmonic pattern breakout from falling wedge structure with price holding above $0.00001450 support zone. Open interest jumped 15.57% to $12.63M while trading volume spiked 38.13% indicating renewed trader confidence. Gen1 Solana Mobile reward program ending July 31 could reduce circulating supply supporting long-term price action. Bonk BONK $0.000015 24h volatility: 11.7% Market cap: $1.18 B Vol. 24h: $219.64 M price is showing signs of early reversal after weeks of downside pressure. On the 4-hour chart, BONK is trading near $0.00001506, having broken above a six-week falling wedge structure and a completed harmonic pattern between points X to D. BONKUSD price forecast | Source: TradingView The harmonic setup – possibly a Bat or Gartley variant, terminated near a key historical support zone, overlapping with multiple Fibonacci retracement levels. After forming the D-point, BONK compressed within the wedge and broke out cleanly, with price now holding above the $0.00001450–$0.00001500 zone. Technical Structure Turns Positive With EMA And Volume Confirmation BONKUSD price forecast | Source: TradingView Following the breakout, BONK reclaimed the 20, 50, and 100 EMA cluster and is currently testing the 200 EMA for the first time in over two weeks. Bollinger Bands have widened significantly, signaling a shift from consolidation to volatility. If bulls maintain momentum, upside targets include $0.000018, $0.000022, and potentially $0.000026. Each of these zones coincides with previous high-volume rejection points. However, if support at $0.0000145 fails, downside risk returns toward $0.000013 and $0.000012. Volume Spike And Gen1 Program Add Fundamental Tailwinds BONK Derivative Analysis | Source: CoinGlass According to CoinGlass, On July 2, BONK recorded a 15.57% increase in open interest, reaching $12.63 million, alongside a 38.13% jump in trading volume to $35 million. These metrics indicate renewed trader confidence and growing participation across derivatives and spot markets. BONK’s team also confirmed…
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