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Bonklong

BONK: will the 1 trillion token burn fuel price growth?The Solana (SOL)-based memecoin BONK rallied 100% in the past seven days, driven by an overall market pump and a massive deflationary plan to burn 1 trillion tokens.  On 15th November, Bonk DAO announced the deflationary plans with the 2024 Christmas deadline.  Immediately after the news, BONK pumped 27% and added on its weekly gains, which crossed 100% amid an extra weekend pump. For context, burning tokens reduces supply and ultimately boosts the value of the remaining assets.  The extra pump on Sunday eyed the immediate bullish target of $0.000057 on the Fib tool. If the uptrend extended, the next target would be $0.000067, offering an extra 40% potential gains. But BONK grabbing the extra gains could only be feasible if the mememcoin stayed above its previous ATH.  That said, technical indicators showed massive buying interest but an overheated market scenario. The Stochastic RSI was in oversold territory, while the OBV (On Balance Volume) reached new highs.  Interestingly, leveraged bulls also FOMO’ed on the BONK’s rally. The OI (open interest) rates surged 3X, from about $50M to over $150M in just days. This suggested that leveraged players took massive debts to place bullish bets on BONK.  Market pundits expect the BONK rally to extend, partly due to the expected 1T token burn. However, the broader market sentiment could determine the next price direction for the memecoin.
Long
by paul_endeo
2
BONKUSDT: Bullish Momentum After Breakout!BONKUSDT has successfully broken through key resistance and trendlines, setting the stage for higher highs. With the MEME frenzy in full swing, we could see a significant price movement ahead! Remember to keep your stop loss in place to manage risk. This is a potential opportunity you won’t want to miss! BONKUSDT Currently trading at $0.0256 Buy level: Above $0.0235 Stop loss: Below $0.02 TP1: $0.027 TP2: $0.033 TP3: $0.04 TP4: $0.045 Max Leverage 3x Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts
Long
by GreenCryptoTrades
BONK buy zone for long setupI do not like $BONK. The meme is horrible, the community on Telegram is full of bots and chatter, and there are many shillers on Twitter. It is a CRYPTOCAP:SOL coin, and they will do with it the same as they did with SEED_DONKEYDAN_MARKET_CAP:ORDI or CRYPTOCAP:WIF : pump it to the max and then throw it away. However, until that happens, it is a hugely manipulated coin that can make you money. CRYPTOCAP:BONK is a good profit machine but it can also wreck you. My entry would be at 0.00002000-0.000021000. CRYPTOCAP:BONK can dump so hard that it can go below 0.00002000 in a matter of hours. Buying low is the only way you can guarantee some profit because it can go lower easily and wreck you even more. My green box guarantees about 15% on the way up with no leverage. Today in 6 hours, it went from 0.000027 to 0.000022, so it is entirely possible if CRYPTOCAP:BTC gets a small 5% pullback from here that my target will be met. So I put an order there and I will see. Always DYOR. Meme coins are highly speculative and can go to zero for no reason other than getting outdated or being killed by a better competitor. CRYPTOCAP:BONK is useless; their staking has no APR listed on the website, so it is all BS. But big money is using it, so surf the wave and sell as soon as you can to take your profit.
Long
by CryptoNikkoid
3
$BONK new setup. What do we know? SEED_DONKEYDAN_MARKET_CAP:BONK is related to $SOL. If CRYPTOCAP:SOL dumps, SEED_DONKEYDAN_MARKET_CAP:BONK dumps as well; if CRYPTOCAP:SOL pumps, SEED_DONKEYDAN_MARKET_CAP:BONK pumps. SEED_DONKEYDAN_MARKET_CAP:BONK has entered the resistance zone and stopped its freefall. The FOMC meeting on Wednesday has a high probability of announcing positive news about interest rates. Since the BCE, Bank of Canada, and other central banks have lowered their interest rates, the FED is likely to do the same in the short term. The RSI on 1H is low, indicating that SEED_DONKEYDAN_MARKET_CAP:BONK is underbought. The CMF shows strength above 0. This means that more money and buyers are coming in. SEED_DONKEYDAN_MARKET_CAP:BONK is one of the top meme coin with listing in all biggest CED like Binance and Coinbase.. The S&P 500 had a pullback, which could have negatively affected the price of $BTC. The dollar is going higher, which can also negatively affect the price of $BTC. Conclusion Taking all this information into account, we are in a precarious situation, but if CRYPTOCAP:BTC does not crash further, I think we are close to the bottom for $BONK. A possible dump to $0.00002500 is still possible but with low probability. Considering that this coin can do a +40% in 4 hours, I am buying long. Here is my personal trading plan. I take the risk; DYOR and be sure to double-check before following. If you find something wrong, please leave a comment. Buy: between $0.00002500 and $0.00002800 Take Profit (TP) at Fibonacci levels: TP 1: $0.00002927 TP 2: $0.00003254 TP 3: $0.00003483 TP 4: $0.00003997 TP 5 to the moon: $0.00004456 Final reminder: this is my personal trading plan. External events can invalidate it, such as CRYPTOCAP:BTC dumping, CRYPTOCAP:SOL dumping, or any bad news, a war, a black swan event, etc. Do not blame me if you lose money following my plan; we are in the same boat, and I will lose too! Enjoy riding this crazy coin. Big risks mean big rewards. Do not use leverage with meme coins.
Long
by CryptoNikkoid
5
BONK buy zone to refill your bag.I do not like $BONK. The meme is horrible, the community on Telegram is full of bots and chatter, and there are many shillers on Twitter. It is a whale coin, and they will do with it the same as they did with SEED_DONKEYDAN_MARKET_CAP:ORDI or CRYPTOCAP_OLD:WIF : pump it to the max and then throw it away. However, until that happens, it is a hugely manipulated coin that can make you money. We are not here for philosophy but to make a profit. CRYPTOCAP:BONK is a good profit machine but it can also wreck you. My entry would be at 0.00002000-0.000021000; higher than that, I am not interested. CRYPTOCAP:BONK can dump so hard that it can go below 0.00002000 in a matter of hours. Buying low is the only way you can guarantee some profit because it can go lower easily and wreck you even more. My green box guarantees about 15% on the way up with no leverage. Today in 6 hours, it went from 0.000027 to 0.000022, so it is entirely possible if CRYPTOCAP:BTC gets a small 5% pullback from here that my target will be met. So I put an order there and I will see. Always DYOR. Meme coins are highly speculative and can go to zero for no reason other than getting outdated or being killed by a better competitor. CRYPTOCAP:BONK is useless; their staking has no APR listed on the website, so it is all BS. But big money is using it, so surf the wave and sell as soon as you can to take your profit.
BITMEX:BBONKLong
by CryptoNikkoid
1
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. 
Long
by paul_endeo
#BONK/USDT#BONK The price is moving within a descending channel pattern on the 4-hour frame, which is a retracement pattern We have a bounce from a major support area in the color EUR at 0.00001815 We have a tendency to stabilize above the Moving Average 100 We have a downtrend on the RSI indicator that supports the rise and gives greater momentum and the price is based on it Entry price is 0.00002050 The first target is 0.00002465 The second goal is 0.00002870 The third goal is 0.00003360
Long
by CryptoAnalystSignal
$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.
by CryptoNikkoid
2
#BONK/USDT#BONK The price is moving in a bearish channel on the 12-hour frame and is largely sticking to it We have a support area at the lower border of the channel at 2.20, from which it is expected to bounce due to its strength We have a trend to hold above the Moving Average 100, which is strong support for the rise We have very strong oversold resistance on the RSI indicator to support the rise with a strong uptrend Entry price is 0.00002300 The first goal is 0.00002958 The second goal is 0.00003345 The third goal is 0.00003767
Long
by CryptoAnalystSignal
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.
Long
by CryptoSanders9563