Bonk Crypto Surges: Is the Next Target Beyond $0.000025?

Jakarta, Pintu News – Bonk (BONK) crypto has shown increased demand and strong bullish sentiment in recent days. Data from Coinalyze shows a 4% increase in price in the last 24 hours, as well as an 8% increase in Open Interest, signaling strong speculative activity in the market.

Bitcoin’s Effect on Bonk

Bitcoin (BTC) price movements have a significant impact on the altcoin market, including the memecoin sector. If Bitcoin (BTC) declines below the $107.3k level, it could change the short-term market expectation to bearish. However, if Bitcoin (BTC) continues to move sideways or go up, Bonk [BONK] has a good chance of challenging and surpassing its previous highs.

Also Read: US Tariff Delay Could Make Bitcoin Set a New Record This Week, What’s Really Happening?

Bonk Hike Heads to May Peak

On July 5, Bonk [BONK] made it past $0.000018, marking the beginning of a true recovery. The latest report from AMBCrypto highlights the near-term bullish expectation for Bonk [BONK], which has been proven by the strong rally past the $0.00002 round figure resistance. High trading volume and an increase in On-Balance Volume (OBV) indicate strong demand, which could push the price of Bonk [BONK] towards the $0.000025 level, the May price peak.

Potential and Risks Ahead

Although the weekly chart is still bearish, if the $0.000026 area could be turned into support, it would be a positive signal for traders. The liquidation map shows that the $0.0000256 to $0.0000262 zone is an important area, where there is a concentration of liquidation levels that could cause a bearish reversal. However, with the strong momentum and demand from the bulls, this liquidity cluster may only cause a small pullback before the price tries to go higher again.

Conclusion and Strategy for Bonk Traders

Traders who currently have a long position on Bonk (BONK) may want to consider taking profits around $0.000026 and wait for price action to develop before making their next move. Taking all factors into consideration, the market still shows potential for further upside, although it is necessary to be aware of potential risks.

Also Read: Russia Launches National Register of Crypto Mining Rigs: Cryptocurrency Miners Taxed?

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• AMB Crypto. Bonk Crypto pushed by strong demand, is a move beyond $0.000025 next. Accessed on July 8, 2025