$BONK keeps rising. 🔥🔥🔥🔥

#BONK , which is aiming to launch the first memecoin product (ETP) traded on an exchange in the US, is facing a potential rise.
The $BONK ETP, which was announced at the Solana Breakpoint event, is expected to be launched by the end of the year. The project team, which partnered with Osprey Funds, has taken action for the first memecoin fund for people trading on the US exchange.
Commenting on BONK's progress over the development in question, AMBCrypto said: "This move has excited investors, and BONK's price is expected to increase by more than 200 percent."
BONK is preparing for a rise According to AMBCrypto's analysis, BONK's price has increased by more than 182 percent until May. AMBCrypto, who said BONK is preparing for an important development, said: "With the announcement of the Bonk ETP, which could pave the way for the first memecoin ETF, the explosion of the rise in the popular coin is increasing. The Bollinger Bands on the daily timeframe are tightening, indicating a potential breakout.”

The analysis indicated that the price performance was positive and funding rates gave positive signals. The appearance in the BONK/USDT parity indicated that BONK, which reached its lowest levels in six months, could start to rise. The moving average convergence divergence (MACD) indicator also showed that momentum increased and risk appetite was formed.
It was reported that developments in BONK, which is traded above the Bollinger Bands, turned positive. The analysis indicated that the bullish signal supported another system, Open Interest (OI). The OI rate, which shows that the long-term trend is optimistic that BONK can rise, reached 0.0006 percent. According to AMBCrypto, the increasing confidence of traders will not leave BONK to new heights.
The information reported in the analysis showing that the sales that suppressed the price of BONK have decreased: “The sales volume and net short sales have also decreased, and the rate of increase has increased. The chart display points to BONK’s consolidation being driven. BONK’s upcoming ETP launch, decreasing selling pressure, and increasing bullish sentiment could push its price higher.”

#memecoins #BONKUSDT #binance