Distribution phase continues

Distribution phase continues

The Accumulation/Distribution (A/D) ratio offers a contrasting picture of BONK’s prospects. Despite aggressive buying from both spot and smart money, the overall market remains in a distribution phase.

In the past 24 hours alone, total distribution volume hit 31.88 trillion BONK, indicating that more tokens are being sold than bought.

At press time, the A/D metric had ticked slightly upward, suggesting that distribution may be slowing. If this trend continues, BONK could regain its longer-term bullish trajectory.

However, if distribution resumes its downward trend, it could dampen BONK’s upside, even if it breaks out of the current bullish chart formation.