Bonk Investors Anticipate Struggle With Resistance Before Achieving New Record High
Tuesday, 21 May 2024, 14:00
Bonk Investors Bet on Gains
Bonk's price is observing the impact of the rising market's growth and BONK holders' optimism. The high funding rate suggests a bullish sentiment, but the RSI nearing overbought levels raises concerns.
BONK Funding Rate
- Positive funding rate indicates long contracts dominance
- Negative rate suggests preference for short contracts
Investors are hopeful for a price rise, yet the imminent resistance and overbought warning signal the possibility of a correction.
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