{"content":"⚡ BONK Uptrend Faces Test—Golden Cross Suggests Bulls Aren’t Done Yet! 🐂🔄 Bonk falls nearly 15% from recent highs, implying profit-taking and volatility reduction. After hot markets, the RSI reversed, indicating a drop in purchasing pressure. Bonk may restart the rise with two daily Golden Cross formations. Bonk (BONK), the Solana-based meme currency, is down almost 2% on Tuesday and trading at $0.00003446. As Bitcoin (BTC) rallied to a record $123,218 on July 14, buyers eagerly purchased BONK, propelling its recovery to $0.00004075 on July 17. After falling 17% from $0.00004075, meme coin is consolidating. If supply exceeds demand, the path of least resistance may continue lower this week. Bonk lags as network activity rises The rise of Bonk addresses trading on the protocol has attracted investors. Santiment data shows Daily Active Addresses peaked at 27,800 on July 16 and dropped to 21,200 on Tuesday. Technical outlook: Bonk exceeds vital support Bonk price is above $0.00003158 support since Friday. On the daily chart, its technical structure shows market hesitancy with ambiguous indications. RSI is positive but weak at 69, suggesting Bonk might decline further if buying pressure decreases. Traders should watch for a rapid recovery toward its annual top of $0.00004075 to confirm the bullish grip or an extension of the down trend below $0.00003158 to indicate aggressive selling. Bullish Golden Crosses indicate price going higher. They also suggest market optimism as purchase signals. In the same daily time period, the MACD indicator is positive. However, traders should look for a sell signal when the blue MACD line crosses below the red signal line. The 50-day EMA at $0.00002256 and $0.00002580, 25% below the present level, are important. #Bonk #TrumpBitcoinEmpire #CryptoMarket4T #GENIUSAct $BONK $SOL ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025072025/07/22/6ba8910c0cf7408584ee5b7424ba55b7.png"],"tags":[],"tradingPairs":["BTC/USDT"],"quotearticleid":0}