BONK’s recent breakout suggests a bullish trend, with many analysts suggesting a potential rise towards a target price of 0.000009 USD based on its current trajectory.

The increase in liquidations indicates significant market activity, leading to a likely short squeeze which can further drive the price of BONK up as buyers enter the market.

The rise in speculative trading activity is evidenced by the uptick in the futures to spot volume ratio, which could lead to significant price movements for BONK.