Bonk is currently trading at around 0.00002606 USD, having retreated from its July peak. This price action is attributed to the overall bearish sentiment in the cryptocurrency market, especially following Bitcoin’s recent high.
The futures Open Interest for Bonk has decreased significantly to 38 million USD, showing low trading activity. However, if the price successfully holds above the Cup and Handle neckline at approximately 0.00002500 USD, a bullish recovery could be in the cards.
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