Cryptocurrencies Price Prediction: Bonk, Onyxcoin & Bitcoin — Asian Wrap 15 July
|Bonk Price Forecast: BONK rallies as OI hits yearly high, LetsBonk.fun tops Solana launchpad revenue
Bonk (BONK) continues its bullish momentum, extending gains, trading around $0.000027 on Tuesday after rallying almost 20% the previous week. On-chain and derivatives data paint a bullish picture as BONK’s launchpad has collected the highest weekly revenue, and Open Interest (OI) reaches its yearly high, suggesting growing confidence among traders. The technical analysis supports further upside, targeting the $0.000034 mark in the near term.
Top Crypto Gainers: XCN, PENGU, SUI – Hold momentum while Bitcoin slips under $119,000
Onyxcoin edges lower by 2% at press time on Tuesday, following the 13% surge from the previous day. XCN bounced off the 200-day Exponential Moving Average (EMA) and exceeded a resistance trendline formed by connecting the peaks of January 26 and May 16.
Bitcoin extends all-time high rally, but selling activity poses pullback risk
Bitcoin (BTC) marked a new all-time high of $123,091 on Monday following prevailing bullish sentiment in the spot and futures market. Despite the price growth, profit-taking is developing on the side as revealed by a spike in Bitcoin's exchange net inflows. The report highlighted a rise in open interest above $87 billion, while funding payments grew nearly 2x to $2.1 million, indicating heightened confidence among long-position traders.
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