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The Bonk price has increased by 73 % since April 22, reaching the highest level in five months at 0.00002167 dollars.
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Bucker’s open interest increased by 290 % to $ 43.2 million.
Bonk (Bonk), Solana’s second largest Memoin, on the right -hand, on the right path to continue the recovery it started on April 22. Bonk increased by approximately 73 % of a decrease in April 22 at about 0.00001247 dollars, raising its price to 0.00002167 dollars on April 28.
Data from Cointelegraph Markets Pro and Tradingvief Bonk trading appears at $ 0.00001923, an increase of 3 % over 24 hours and 60 % over the past seven days.
The Bonk trading volume has jumped 98 % over the past 24 hours to 478 million dollars, and the market value also jumped, as a briefly touched $ 1.7 billion on April 28, before restoring the current level of $ 1.5 billion.
Let’s study the factors that fed the Bonk price momentum during the past week.
Memecoins recovery in all fields
During the past seven days, the Bonk Rally reflects the upcoming price movements through the broader encryption market, including the Memecoin sector. Most of the MIMATIAs published two numbers during the past week. Dog and Sheba Eno (Ship), a leader in Mechans, have jumped by 3 % and 5 % over the past seven days.
Trump (Trump), the Mimin -linked to US President Donald Trump, recorded 73 % of the weekly gains, while Brett Pretteh gathered 83 % during the same period.
This rally pushed to the total market value Memecoin to 55.51 billion dollars, by 17.5 % a jump last week, according to CoinMarketCap data.
More than $ 7.96 billion has been recorded in the volume of Memecoin trading in the past seven days alone, which represents a weekly change of 85 %. Investors again lead emissions again as risk assets like memecoins.
Increase the interest of open attention to Bonk
The increase in the price of Bonk comes during the past seven days after a big jump in its open interest (OI).
Bonk’s total on all stocks increased by 290 % from $ 11 million on April 22 to $ 43.2 million on April 26. Although this scale decreased to $ 28 million at the time of this report, it has been much higher than OI since December 2024.
The high open interest reflects the increasing participation in the Bonk future contracts, indicating an increase in speculative activity.
Data from Coinglass shows an increase in demand for long situations that benefit from Bonk during the past few days, as shown in the average financing of OI weighted futures.
Increased financing rates usually indicate that future futures dealers expect future prices to increase, which may indicate a continuation of the upward trend.
Bonk’s social domination is still high, indicating a high social activity. Santiment data shows Bonk’s social dominance that drops from 0.091 % to 0.572 % between April 20 and April 26, driven by Bonk’s Ecosystem Buzz time.
This increase in gossip reflects the increasing social media platforms in retail and institutions, FOMO amplification and demand for leadership.
Bonk separates from a multiple declining direction
On April 13, the price of Bonk broke out from a convergence parallel channel, which led to the ignition of the force that witnessed its heart on the 50 -day and 100 -day moving averages (EMAS) to support it.
Bulls are likely to continue to bounce towards an important resistance level at 0.00002410 dollars (200 days SMA) in the short term. One of the daily candles can be seen above this level, accompanied by a large size, an increase in the range of January 19 near $ 0.000040. This represents a 104 % increase from the current price.
The sharp height of the relative power index and its location in 71 in the peak region enhances the hegemony of buyers in the market.
However, excessive conditions can facilitate the peak of profits, which leads to a slight correction before the Bonk continues in its upward direction.
Bonk’s descending trend line has been cleared, ” Declare World World of CHARTS on April 28 on X, “expect 2x in the coming days”.
Meanwhile, Crypto Joe I was monitored Bonk broke out from a bump in the 30 -minute timetable, targeting $ 0.002690.
This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.
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