Bonk Investors Eye Resistance as Price Nears All-Time Highs
Bonk Investors Bet on Gains
Bonk's price is observing the impact of the rising market's growth and BONK holders' optimism. The latter is evident in the funding rate of the meme coin, which has hit a two-and-a-half-month high.
BONK Funding Rate
The high funding rate is proof that BONK holders are betting on a price rise. How much this would reflect in the asset is another matter.
BONK RSI
The RSI is at the cusp of entering the overbought zone, with readings above 70 indicating overbought conditions.
BONK Price Prediction
Bonk's price is close to breaching a significant barrier, with potential to hit new highs, but the RSI signals a possible halt to the rally.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.