coin30300
2024/10/20 01:22
Bullish liquidation heatmap fuels… AMBCrypto’s ana
Bullish liquidation heatmap fuels…
AMBCrypto’s analysis of the liquidation heatmap supported the memecoin’s bullish sentiment too. At the time of writing, a liquidation pool of 12.89k tokens was at risk of liquidation at the $0.00002498 price level. This further reinforced the potential for a breakout.
This kind of liquidation scenario often fuels volatility. However, in this case, it seemed to play out in favor of the long position takers.
Significant inflows fuel bullish sentiment
Finally, the memecoin recently recorded large inflows, signaling an increase in demand for the altcoin.
These inflows may add further upward pressure on the price of BONK, especially as the memecoins tests its critical resistance zones. 
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