Bonkanalysis
BONK Ready for a Major Breakout? Key Resistance Levels to Watch!Yello Paradisers! Are the bulls taking control again? #BONK has recently tested its basing support range, and we’re now seeing a strong bullish engulfing pattern—a potential sign of a turnaround! But how far can #BONKUSDT go from here? Let’s break it down.
💎BONK is eyeing its initial resistance levels at 0.00002235, with the next target at 0.00002325. These are crucial areas to watch because the descending channel resistance is positioned here, making it a pivotal zone. A successful breakout above this region could accelerate the bullish momentum, with BONK aiming for 0.0000250 to 0.0000260—a zone where we expect key targets to be achieved.
💎However, for BONK to sustain a more aggressive upside, it must secure acceptance above the 0.000026 level. Successfully establishing acceptance above could lead to strong momentum driving BONK towards 0.0000290 to 0.0000305.
💎On the downside, BONK has established solid support between 0.0000195 to 0.0000189. This range is essential for bulls to defend, as a loss of these levels could disrupt the bullish narrative. The EMA-200 is also aligned here, providing additional strength to this support.
Patience is key here, Paradisers. Don’t get caught chasing. Wait for the highest probability opportunities and let the market come to you.
MyCryptoParadise
iFeel the success🌴
Trade Setup: BONK Long PositionMarket Context:
BONK is experiencing a pullback after a strong recovery bounce. We anticipate the price to start filling the daily wick before making another move higher. Entry should be carefully timed to manage risk, with clear invalidation levels.
Trade Setup:
Entry: Ladder into the position between $0.00001714 and $0.00001661.
Take Profit:
First target: $0.00001853
Second target: $0.00001975
Stop Loss:
Conservative approach: Close under $0.00001629.
Aggressive approach: Close under $0.00001538.
📊 Adjust your risk management based on your strategy and monitor the market for potential entry triggers. #BONK #CryptoTrading #RiskManagement 🎯
Bonk price has been in consolidation for 5 months. Medium tradeStill, capital has been not investing in fundamental technology coins.
That's why we are looking at memecoins 😱
Perhaps #BONK is a memecoin worth watching. Despite the fact that the market cap is $1.8 billion, # OKX:BONKUSDT price is adjusting/consolidating quite harmoniously.
The chart shows a medium-term trade option for CRYPTO:BONKUSD
And then, risk management is up to you)
BONK surges 10%. Will the rally sustain?BONK’s price was bearish in the early hours of the day before support was established at the intra-day low of $0.00002. However, with the announcement of the treasury proposing an 84 billion token burn, the digital asset witnessed a 10% surge, reshaping investor sentiment and market trend.
This strategy is part of a broader effort to enhance token scarcity and increase its value over time. This can be considered as the turning point for BONK since decreasing the supply is usually positive for the investors. This burn according to the announcement represents the q2 amount of BONK sent to the DAO from BONKBot.
In April, the BONK Decentralized Autonomous Organization (DAO) had already set a precedent for such impactful decisions. The DAO passed a proposal to burn a staggering 278.39 trillion BONK, with the community vote showing overwhelming support: 418.63 trillion votes in favor, representing 99.9% approval.
The technical indicators on the BONKUSDT price chart point to continued bullish momentum. The Money Flow Index (MFI) rating of 68 suggests that money flows in the BONK market may sustain a bullish rally.
In addition, the Moving Average Convergence Divergence (MACD) has shifted into the positive region and above its signal line, reflecting a strengthening bullish trend. Moreover, the histogram developing higher bars suggests that buying pressure is increasing.
Concurrently, with a Relative Strength Index (RSI) rating of 67, this bullish momentum will likely trend upwards, with a potential target of $0.00003600 after hitting a double-bottom pattern on the 4-hour price chart.
$BONK short term symmetrical triangle pattern about to break outUpdate: I have upgraded my account, so now I can do better charts. This is an update of my previous SEED_DONKEYDAN_MARKET_CAP:BONK idea published yesterday. Note that I am selling nothing, not affiliated to anything. It is my personal unbiased trading strategy.
Introduction
SEED_DONKEYDAN_MARKET_CAP:BONK is one of the most explosive memes in the top 100 crypto. Handle with care, as it can blow up at any time. It is the "official" meme of Solana. While, like
CRYPTOCAP:FLOKI , the meme itself is horrible visually, the community is huge and active.
History
SEED_DONKEYDAN_MARKET_CAP:BONK experienced a 30% pullback and is ready to pump again by 29%. If it passes through the $0.00003586 resistance, there is nothing to stop it until $0.00004424.
Chart Analysis
We can see the formation of a short term symmetrical triangle formation that is about to break out. The target of this for this pattern is $0.00003747
It is a meme; it is a very risky idea, so DYOR as always.
We do not recommend the use of technical analysis as a sole means of trading decisions. We do not recommend making hurried trading decisions. You should always understand that PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.
🦊 BONK🦊 is Ready to Pump🚀➕30%🚀🔥In the past few months, memecoins have been doing very well and they have very good profits for their followers. It seems that these few months have been 😂 memecoin season 😂; although many people are against this type of token, the fact is that there were good profits in these few months.
🦊Today I want to analyze one of the popular memecoins these days. The name of this meme is BONK .
🏃♂️ BONK is moving near the 🟢 Support zone 🟢 and 🟡 Potential Reversal Zone(PRZ) 🟡.
🌊According to Elliott's theory , BONK seems to be completing wave 4 .
📈In terms of Classic Technical Analysis , BONK has succeeded in breaking the Neckline of the Inverse Head and Shoulders Pattern in the Daily time frame .👇
💡Looking at the BONKBTC chart, we can see that BONKBTC has managed to break the neckline of the Double Bottom pattern , and this is a sign of BONK's better situation than Bitcoin .👇
🔔I expect BONK to rally at least another 🚀 ➕30% 🚀 and attack the 🔴 Resistance zone 🔴.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Bonk Analyze (BONKUSDT), 4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.