- The Bonak Mem coin expands the recovery rally above $ 0.00003300 underlined by a stable risk-on spirit in the wider crypto market.
- A golden cross confirmed by a 50-day EMA crossing above the 100-day EMA supports the strong rapid structure.
- The investor for Bonak remains stable, with open interest and volume of futures.
Bonak (Bonak) continues to gain rapid speed, standing among other meme coins on Wednesday with intraday benefits of over 12%. On the background of 110% increase in the last 30 days, Bonak trades around $ 0.00003377 at the time of writing. The increase in Bonak has a positive impact on market capitalization, increasing 55% increase in July by $ 2.55 billion, according to Koingco.
Bonak upholds uphlds amidst strong investors hunger
Bonak claims a stable technical structure, which is supported by a strong derivative market, according to co -operative data. Open interest of futures contracts, which represents the value of all futures and options, which have not been fixed or closed, averaged an average explosion of $ 48 million since the beginning of this month.
Bone Futures Open Interest Data | Coalus
In the same period, from about $ 39 million to $ 618 million, derivative trading volumes underlines the stable interest in Bonk, a latter bounce. Along with the volume -Open Interest Rising means that investors in high -risk appetite and ecosystems increase the trust of investors.
If the derivative market increases the tendency of boom in the coming days or weeks, the bonac price has the capacity to move towards resistance at $ 0.00004000.
Bone Futures Volume | Coalus
Technical approach: Bonak holds a fast structure
After acquiring for five consecutive days, the bonek price’s rebound remains stable at the time of writing. The moving average convergence deviation (MACD) indicator has maintained a purchase signal since June 28, which outlines the speed of rapid speed. This signal is characterized by the blue MACD line crossing above the red signal line, while the green histograms extend above the zero line, which encourages traders to increase exposure.
Bonak/USDT Daily Chart
Confirmation of a Golden Cross pattern when the 50-day exponential moving average (EMA) over the 100-day EMA on Saturday crosses the technical structure rapidly.
Merchants will probably be anticipating the bonac value to catch their long positions, which will proceed to the short -term target at $ 0.00004000 and $ 0.00005000 in the near period.
Nevertheless, traders should meet their expectations, especially given that the relative power index (RSI) has been given a lot of time, resulting in a longer a trend in the market. It is worth monitoring the movement of RSI that to gauge uptrend strength, there is a signal of buying pressure with reversal in the neutral region.
Major levels were tested in major levels for monitor and preparing as tental support, tested in December, and the 50-day EMA and 200-day EMA confluence is around $ 0.00001935.
