Bonk
Coinbase Announces Listing of Solana’s $BONK TokenCoinbase adds BONK token to its listing, joining the ranks of top-performing meme coins despite failure to ignite price surge.
Coinbase has officially added the BONK token to its listing. BONK, a dog-themed token operating on the Solana blockchain, has gained substantial momentum in the digital currency market.
BONK’s Price Analysis
The addition of BONK to Coinbase’s portfolio follows a notable 350% surge in its value over the past month. This impressive growth has catapulted BONK to the forefront of dog-themed cryptocurrencies, a niche but increasingly popular sector within the broader crypto ecosystem.
Despite the listing, BONK has been in a retracement for the previous 24 hours after failing to break over the 24-hour high of $0.00001311. As a result, the price of BONK fell to an intra-day low of $0.000009254, where support was established. BONK was trading at $0.00001051 at press time, down 13.57% from its 24-hour high.
However, BONK has distinguished itself by outperforming established counterparts like Dogecoin (DOGE) and Shiba Inu (SHIB). Its recent 354% increase in value is a testament to its growing appeal among digital asset investors.
Coinbase’s decision to list new assets like BONK stems from its commitment to transparency. The exchange aims to disseminate balanced information, ensuring investors are well-informed about potential opportunities and risks. However, Coinbase cautions users against premature deposits of these emerging tokens to avoid the risk of potential fund loss. In addition to the rise of BONK, Solana’s blockchain has made headlines with its impressive trading volume.
Recording $924.7 million in 24 hours, Solana has outperformed other networks like Arbitrum, Binance Smart Chain, Polygon, Avalanche, and Thorchain in on-chain trading activity. Ethereum, however, continues to lead with a trading volume of $1.3 billion in the same timeframe.
This addition of BONK to Coinbase reflects the growing diversity of assets in the crypto exchange’s portfolio. It highlights the evolving landscape of digital currencies, where meme coins are increasingly gaining serious attention from investors and major trading platforms.
BONK/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BONK/USDT update from Crypto Sanders.
Chart Analysis:- The surprise of the past two months is BONK, the biggest meme token on the Solana network. The price has not stopped pumping since late October and booked an eye-popping 187% increase this week alone.
With such a performance, it is almost impossible to guess where BONK will top or decide to correct. Considering the market sentiment after a 70x increase from its all-time low, this Solana token could continue to rally.
Looking ahead, meme tokens are back in the spotlight, and BONK holders have the time of their lives.
I have tried to bring the best possible results in this chart.
If you like it, hit the like button and share your charts in the comments section.
Thank you.
Bonk still stuck below 1.272 Fibonacci ResistanceBonk has remained below Fibonacci extension level since Dec.8, showing little to no signs of life.
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ARK ADAM AND EVE PATTERN: CURRENTLY ON A CRITICAL KEY LEVEL In this chart of BINANCE:ARKUSDT , the coin is forming an Adam and Eve pattern looking at the historical movements, the coin is in a downtrend, and the market is indicating a bullish reversal for ARK.
Currently, the coin is on consolidation around the pattern neckline area. It is a waiting game for the coin and in order for the pattern to materialize, we need to see a convincing confirmation of a breakout on the neckline on an hourly basis.
I'll provide updates on the comment thread for more detailed technical analysis.
Stay safe and happy trading!
BONK H&S 1000BONK UPDATE: 1000BONK created inverse head and shoulders pattern on 4hrs TF….. The neckline is currently serving as a major resistance but I’m looking into two scenarios here…
First scenario: I will patiently wait for breakout from the neckline and take a limb from there after retest of the neckline
Second scenario: I will wait for a pullback from here and take a long from 1hr TF unmitigated bullish OB around 0.004395 and long from there to previous swing high….
Follow for more market update
$BONK Lift off is only a few candlesticks away!$BONK has been following a consistent trend the past few weeks. We should expect that to continue unless the SEC messes things up. They took down CZ recently so who knows what will happen next. This is your last entry for $BONK potentially. This is not financial advice.
$BONK ready for round 2Airdroppers have long since sold.
Now BONK is ready to join the ranks of the other dog meme coins.
The reach of BONK's CEX listings will push BONK into the minds of crypto-bullish Asian traders, even while Asian coins are dominating the sphere.
$DOGE is getting a pump today which will draw attention to the dog coins in general.
$BONK has a small market cap of $45 million. That says to me that it has room to 5x to 10x before final exhaustion.
BONK, ONE LAST CALL before it flies again...BONK just gave everyone another chance by going back to 78.6 FIB LEVEL, a very rare opportunity to come back to this level.
IT'S A SALE week for this coin.
Expect some significant bounce from here on.
Spotted at 0.000000600
TAYOR
safeguard capital, always.
BONK BOINK BOUNCE (soon).... an update from the first post:An update from my initial post of BONK from March 30, 2023:
Looks like we have a confluence of confirmation now -- and clarity of direction should be a no brainer.
ON weekly we have a massive net buying accumulation at 1.4T bonks traded (in addition to March 20's 3.67T bonks traded) -- cementing a good base support for a reversal to the upside.
March seems to be an 'accumulation' month -- so it appears.
Expect a continuation of ascend further up from here.
We're up by +16% so far from the lastpost.
SEEDED AT 0.0000005656.
Last post from March 30 2023:
pattern trading (Descending triangle)Hi! Let me share my first idea!
Acquired when the falling triangle pattern is completed and the support line is retested after the falling triangle is broken.
Rangebound. But not for much longer!$BONK aka Bonk Inu has been moving within a tight range for a while - it was on the sidelines and dragged while Solana made it's price moves. Now that the market is feeling comfortable with it's recent bullish turn -- whether that is a long term bull trend reversal or simply a bear market rally is to be seen -- money will start to flow to coins that have few bagholders. Bonk was an airdrop and those who wanted to sell it have sold most likely, those that haven't are likely waiting for prices that we haven't seen yet. It's clear on the chart that somebody is buying up those airdrop for no less than ~$0.0000007777. The boring period does come to an end at some point, and when it does I'm betting the price will be marked up. Price has been in an accumulation / consolidation zone since January 11th when a large holder pulled their liquidity from Orca.
Two resistance levels are shown on the chart - once Bonk blows past those, it's price discovery time. Do I hear "Bonk to $1!" in the distance?