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CoinGape

Bonk Price Risks Losing 200-day Support Amid Declining Funding Rate

CoinGape
Summary
Nutrition label

68% Informative

BONK price plunged 1.6% to $ 0.000019 on Monday , bucking the general uptick in the broader crypto market.

The falling price now retests the support trendline of a rising channel pattern that has been intact since February 2024 .

BONk Open Interest ( OI)-Weighted Funding Rate is at -0.0161, indicating a predominance of short positions.

VR Score

51

Informative language

39

Neutral language

54

Article tone

formal

Language

English

Language complexity

41

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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