BONK is again in buyers’ crosshairs, leaping 25% prior to now 24 hours and printing a 75% achieve prior to now week. The meme coin reached a every day excessive of $0.00003936 and is buying and selling simply shy of that stage at press time, producing severe market buzz, particularly as merchants eye the so-called “golden pocket” Fib zone and speculate whether or not this rally has extra legs.
Derivatives Frenzy and Whale Liquidations
As per CoinMarketCap knowledge, BONK is now sitting solely 33% under its all-time excessive of $0.00005916 and its buying and selling quantity surged to $2.4 billion, a 60% leap in a single day, pushing BONK’s market cap again over the $3 billion mark.
Coinglass knowledge reveals derivatives quantity exploded by 150%, whereas Open Interest rose 36%, underlining merchants’ rising urge for food for BONK publicity. Further, brief sellers suffered a $3.39 million liquidation massacre over the previous 24 hours, including to the bullish strain.
Grayscale Spotlight and Meme Coin Dominance
What’s including extra gas to the BONK bonfire is its inclusion in Grayscale’s institutional surveillance checklist. While not a assure of ETF inclusion, it offers BONK a shot of credibility within the eyes of conventional buyers.
At the identical time, BONK’s LetsBonk.enjoyable, launched earlier this year, is making waves by seizing 52% of the meme coin creation market. This pushes it far previous the earlier chief, Pump.enjoyable, which now holds a 39% share.
However, as per Jupiter, Pump.enjoyable nonetheless leads in dealer exercise, boasting 401,000 customers within the final 24 hours in comparison with LetsBonk’s 268,000.
BONK Price Analysis: Watch the Golden Pocket
BONK’s 4-hour chart reveals a textbook bullish breakout supported by quantity. The value has pierced previous the three.618 Fibonacci stage at $0.00003894 and now hovers slightly below the 4.236 extension at $0.00004190.
Traders are watching this zone carefully because it marks a typical take-profit space, typically known as the “golden pocket” for late-stage rallies.
Momentum indicators are portray a powerful bullish image with the RSI sitting at 78.31, which locations it firmly in overbought territory, making BONK one of many top meme coins to buy in July 2025. The MACD line is effectively above the sign line with widening histogram bars, suggesting bullish continuation. The Ultimate Oscillator additionally holds above 66, including additional affirmation to the uptrend.
In the bullish state of affairs, BONK may clear the $0.00004190 Fib stage and head towards retesting its all-time excessive of $0.00005916. However, if BONK faces rejection on the 4.236 Fib zone, a wholesome pullback towards the three.618 or 2.618 zones ($0.00003894 and $0.00003414 respectively) may materialize.
Coingape Staff
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