Bonk by 158 % in July, but can re -purchases pay it by 46 %? star-news.press/wp

Main meals

Bonk burned 500 billion symbols amid an aggressive shrinkage plan that could nourish the next stage of microbes from the upward trend. However, will Bulls keep the market?

Bonk The team has increased the memecoin deviation program, something that can enhance its recovery on price plans.

On July 24, Bonk Burning 500 billion icons based on the fees created by Memecoin Launcad Letsbonk, also known as BonkFun.

I recently followed the step advertisement Which put 1 % for the repurchase program. I mentioned,

“Starting today, 1 % of the total Bonkfun’s Term from our Marketing Fund will be reset to the re -purchase of upper spouses within the Bonk ecosystem.”

Source: Letsbonk

the project The total revenue of 217 kilograms (at a value of about 39 million dollars) achieved on June 24. The value of the distinctive symbols of $ 500 billion amounted to $ 16.7 million, which reflects the goal of revenue by 50 % for purchase/burning rates.

Chopping from the Marketing Fund to further reduce supply may be a meticin budget if the broader market morale remains positive.

Bonk enhances July gains – what next?

On the front of the markets, Bonk’s situation seemed slightly optimistic at the time of the press.

In fact, according to Coinglass, the best Binance traders who were ups off the MIMON from 56 % to 60 % in just 24 hours.

Source: Coinglass

This means that the bulls are benefiting from a larger rally, although the MIMON rises by more than 158 % in July.

From the perspective of the price scheme, the prevailing cooling was taking place in a major area around the level of re -tension in Fibonacci. It is worth noting that Buck is working to combine its recent gains as well, despite the rise in Achieving profit.

However, the bulls can only have the edge of the market if they run 1.618 FIB ($ 0.000036) to support. The level insurance, as the starting of the next transportation can lead to an increase of 46 % to $ 0.000052.

Source: Bonk/USDT, Tradingview

Otherwise, the decline to 0.000025 dollars can be possible and May’s height is possible if the bulls stumble.

However, these may be the opportunities for local players if the broader market morale remains positive before the expected cuts in the interest rate in September.

A break less than the high market structure and sellers on the open.

In general, the aggressive contraction program for Bonk can be a decisive incentive for the leg coming from the Mumkin from the assembly. However, only if the morale of the market remains the broader and positive.