The crypto market’s been riding some serious waves lately, and BONK—a fan-favorite memecoin—is no exception. With its price structure breaking key levels, traders are keeping their eyes locked on this one. Could we be looking at a run toward $0.00009? Some signals suggest exactly that.
Bullish Momentum is Brewing
BONK’s MACD indicator just flashed something traders love to see—a bullish crossover. Basically, the MACD line shot above the signal line, which usually hints that buyers are gaining control. And historically? That’s the kind of setup that fuels rallies.
- Momentum flipping: As buying pressure builds, the memecoin might be gearing up for a serious price push.
- Structural break confirmed: This aligns with predictions that BONK could start targeting $0.00009 soon.
- Growing hype: Market sentiment is tilting bullish, and if momentum sticks around, things could get explosivequickly.
Short Squeeze Incoming? Market Forces Could Push BONK Higher
A spike in liquidations recently sent ripples through the market. Both long and short positions got wiped, but it’s the short liquidations that really stand out.
- Short squeeze in play? When shorts get liquidated, it forces traders to buy back at market price, causing a chain reaction of forced buying—pushing prices up even faster.
- Confirmed bullish sentiment: Analysis suggests that with shorts closing out, BONK’s price could see a serious boost.
If this trend holds, a rapid climb to $0.00009 isn’t out of the question.
Speculative Frenzy – Futures Traders Betting Big on BONK
The perpetual futures-to-spot volume ratio for BONK just jumped, which almost always means one thing—traders are piling in with leverage, expecting major moves ahead.
- Futures interest is soaring – The last time we saw a spike like this? BONK’s price broke structure, and now anticipation is through the roof.
- Traders positioning early – Leverage use climbing suggests bets are being placed on an incoming price surge.
What’s Next? BONK’s Underlying Strength Signals Potential Lift-Off
Looking at Open Interest (OI) and Bid-Ask Delta, there’s a clear sign of traders stacking positions in BONK’s favor.
- OI remains steady – Meaning there’s consistent interest in BONK’s futures contracts, with buyers stepping up.
- Buying pressure rising – Bid-ask delta suggests that buy orders are outweighing sell orders, reinforcing bullish sentiment.
With momentum aligning across multiple indicators, BONK might just be gearing up for a run toward that coveted $0.00009 level. But as always—memecoins move fast.
