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BONKUSDT

Why $BONK Might Be Your Next Memecoin Investment In the volatile world of cryptocurrency, where trends can change in the blink of an eye, $BONK, the memecoin sensation, is making headlines once again. After facing a substantial selling pressure that led to a 64% decline from December 14 to 28, buyers are now staging a comeback, hinting at a potential trend reversal. Key Levels to Watch: The crucial $0.000015 psychological level has been tested, and sellers intensified the pullback, pushing the price below. The next key level to observe is the $0.0000174 barrier. A decisive transition of this level into a support base could signal a definitive shift in $BONK's price dynamics, confirming the presence of bullish forces striving for a reversal. Potential Upside: Should the bullish scenario play out, and $BONK successfully transitions the $0.0000174 barrier into support, investors could witness a rapid 31% upward movement. This would pave the way for a substantial 55% gain compared to its current trading value of $0.0000152. For those seeking a more cautious approach, a confirmed flip of the $0.0000174 level into a support base could offer an opportune entry point, presenting the potential for a 31% gain. Potential Pitfalls: The bullish scenario becomes invalidated if $BONK breaches the $0.0000129 support level and transforms it into a resistance level, establishing a lower low. In such circumstances, a 28% decline might be on the horizon, targeting the subsequent support level at $0.00000925. Conclusion: $BONK's recent price dynamics indicate a potential turnaround in the making. The cryptocurrency market is known for its unpredictability, and investors should exercise caution. However, with a careful approach and a keen eye on key levels, $BONK might present an enticing opportunity for buyers looking to capitalize on potential gains in the ever-evolving landscape of memecoins.
Long
by DEXWireNews
BONK is Ready to Pump again🚀🦊There has been a lot of talk about memecoin BONK these few days (it has given about ➕ 700% profit in the last 30 days), so I decided to analyze the chart of this token for you in a 15-minute time frame. Maybe we can still make a profit from it. 📚 What Is Bonk (BONK) ❗️❓ 🔸 According to the one-pager, BONK is the first dog-themed coin on Solana "for the people, by the people" with 50% of the total supply of the cryptocurrency airdropped to the Solana community. BONK is similar to Shiba Inu (SHIB) and Dogecoin (DOGE) memecoins, it was launched on December 25, 2022, and led to an increase in the price of the SOL token (a rise of 34% in 48 hours). Trading began on December 30, 2022, arousing genuine interest from the crypto community. 🔸The main goal of the team is to bring back liquidity to Solana-based decentralized exchanges (DEXs). The idea of the developers was to create a full-fledged community coin that will be used across all the dApps built on Solana, and each user will have the opportunity to become part of the ecosystem, "where everyone gets a fair shot". 🔸BONK was airdropped randomly to Solana NFT collectors, developers, and artists, other airdrop details remain unknown. 💡It was just 11 days ago that Anatoly Yakovenko , one of the founders of Solana Labs , expressed his regret that the company's Saga mobile phones were NOT sold. However, the company's official account announced today that all Saga mobile phones have been sold in the US , with only a few remaining in Europe . Referring to the amount of BONK tokens that each buyer of Solana's mobile phone will receive, Steven Zheng , director of research, said yesterday: "They want to buy Solana's phone Because the value of the BONK tokens they receive will soon be more than the phone itself. 📉From the point of view of technical analysis , it seems that the BONK token is moving in a Descending Channel . 💡 BONK also seems to be completing a 🦋 Bullish Butterfly Harmonic Pattern 🦋 near the 🟢 Support zone 🟢 and Support lines . 🔔I expect BONK to break the upper line of the descending channel after the Bullish Butterfly Harmonic Pattern completes [in 🟡 Time Reversal Zone(TRZ) 🟡] and at least rise( ➕40% ) to the 🔴 Resistance zone 🔴. ❗️⚠️Note⚠️❗️: In general, try to risk less capital on Memecoins. ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. Bonk Analyze (BONKUSDT), 15-minute 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.
Long
by pejman_zwin
11
Binance Launches Margin Trading For BonkCrypto exchange Binance launches cross margin and isolated margin pairs for Solana meme coin Bonk. Will BONK price witness a recovery? The world’s largest crypto exchange Binance on Tuesday said it is further expanding BONK trading on the platform by adding it to the Binance Margin. The moves after the crypto exchange announced BONK listing with three new pairs amid massive demand for the meme coin. Will the move bring a recovery in Solana-based meme coin BONK price? Binance Launches Margin Trading For Bonk According to an official announcement on December 19, Binance will add Bonk (BONK) to its Binance Margin. With the latest move, Binance has expanded its offerings for users looking to capitalize on the BONK price rally. Bonk (BONK) is now available as new borrowable assets on the cross margin in BONK/USDT pair and isolated margin in BONK/USDT pair. Last week, Binance launched new spot trading pairs for Bonk such as BONK/USDT, BONK/FDUSD, and BONK/TRY amid amid massive demand from its users. Crypto exchanges including Coinbase and Crypto.com also listed Bonk, causing BONK price to rally over 1000% in a month. Binance also added Bonk (BONK) to its Binance Convert service, which offers users to trade BONK with zero fees. BONK price jumped more than 1% in the past 24 hours, with the price currently trading at $0.00001915i . The 24-hour low and high are $0.0000188 and $0.0000229, respectively. Furthermore, the trading volume has decreased by nearly 40% in the last 24 hours, indicating a decline in interest among traders.
Long
by DEXWireNews
Will Bonk Price Fail To Maintain Recent High?The Solana-based meme token CRYPTOCAP:BONK strengthened its position in the market by ranking 69th on CoinGecko’s list of the most valuable digital currencies, marking a significant milestone as its market capitalization exceeded $1 billion for the first time. As CRYPTOCAP:BONK witnessed a skyrocketing surge in the last few hours, bears are now heavily shorting the meme coin, creating concerns of an immediate decline. Bonk’s Funding Rate Becomes Negative Bonk ( CRYPTOCAP:BONK ) experienced a massive 1,200% increase in its value over a month, crossing the $2 billion mark in market capitalization. This surge is thought to be partially influenced by its connection with the well-performing Solana. Additionally, the meme coin’s momentum was likely fueled by Coinbase announcing CRYPTOCAP:BONK ’s inclusion in its future plans and its listing on the platform. According to Coinglass, Bonk’s recent surge triggered a massive short-liquidation of nearly $1.6 million. However, its recent surge is now facing a halt as bears are increasingly opening short positions near the high. In the perpetual futures market linked to Bonk, traders are showing a bearish inclination as this meme coin struggles near resistance. According to Coinglass, the open interest and volume-weighted funding rates in perpetual futures have declined to -1.5%. This indicates that short positions, which gain from a decrease in price, are dominant. Traders holding these positions are prepared to pay those with long positions to maintain their bets on a price drop. Currently, Bonk is being heavily shorted; however, this increases the chances of a short squeeze. A short squeeze occurs when there is a sudden upward movement in price, triggered by bears closing out their bearish positions. This typically requires an unusually high level of bearish activity, as currently seen in Bonk perpetual futures. In these scenarios, even a slight increase in price can force short sellers to cover their positions quickly. This action can then create a bullish effect, further sending prices upward. The Future of CRYPTOCAP:BONK Price? CRYPTOCAP:BONK price faced resistance at $0.000035 as bears aggressively defended a surge and declined toward the 23.6% Fib channel. However, buyers aim to accumulate near the current dip. As of writing, Bonk price trades at $0.0000278, surging over 92% from yesterday’s rate. Should there be a significant recovery from the 20-day EMA, it would indicate that traders are actively purchasing during price dips. Following this, the bulls might attempt again to surpass the $0.000035 level. A successful breach could send the price toward another high. Conversely, this bullish scenario could be invalidated if the price continues to fall, breaking below the 20-day EMA. With the RSI hovering around the overbought region, short-term sellers are gaining confidence for a correction. Such a move might lead the price to drop toward its breakout point of $0.0000123. However, this level might see increased buying pressure.
Long
by DEXWireNews
BONK Surpasses DOGE and SHIB in Trading VolumeMeme cryptocurrency Bonk (BONK) outstripped trading volumes of its competitors, Dogecoin and Shiba Inu. The BONK meme cryptocurrency has surpassed both Dogecoin (DOGE) and Shiba Inu (SHIB) in 24-hour trading volume. BONK, a relative newcomer to the meme coin scene, has reported a staggering $1.37 billion in trading volume, overshadowing Dogecoin's $933 million and Shiba Inu's $225.8 million, per the latest data. This shift marks a significant milestone for BONK in the highly volatile meme coin sector of the cryptocurrency market. Rise of BONK BONK token, which has become the talk of the crypto town, saw its market capitalization briefly touch $3 billion following its listing on major exchanges such as Binance and Crypto.com. Arkham Intelligence reports that everybody is trading BONK today, with aggregated open interest on the token doubling from the previous day's lows after Binance announced its listing. Despite this surge, funding remains consistently negative, indicating a substantial number of traders are betting against the token, with $6.15 million of BONK liquidations occurring in just 12 hours. Nonetheless, BONK's price has soared by 85% in the past 24 hours. SOL challenging XRP Parallel to BONK's rise, Solana (SOL) has experienced a growth of over 5% in the same time frame. This uptick positions Solana on the verge of surpassing XRP by market capitalization. CoinGecko data suggests that Solana's valuation stands at an impressive $32.18 billion, inching closer to XRP's $34.20 billion. The success of BONE has also shone a spotlight on the Solana ecosystem's growing clout and potential within the broader cryptocurrency market.
Long
by DEXWireNews
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.
Long
by DEXWireNews
1
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
Bonk still stuck below 1.272 Fibonacci ResistanceBonk has remained below Fibonacci extension level since Dec.8, showing little to no signs of life. ..................................................................................................................... We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature. and are therefore are unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
by CryptoTrend-Alerts
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
Long
by MICHELXM