BONKEY KONG - Relief It appears that BONK would like to come out of the channel.
RSI looks ready to push for a breach plus a double bottom.
Hope you got in at nice discounts.
oh It's on like....
BONKUSDT.P trade ideas
BONK Falls 5%, but Will History Repeat to Send It Surging?BYBIT:BONKUSDT entered into a strong bullish move on Jan. 8 after it rebounded off of the $0.0000088550 support level. This led to BONK breaking above the $0.0000128480 resistance level and attempting to overcome the $0.0000192765 barrier as well. However, traders took profit, stopping BONK in its tracks as a result. The BONK price then retraced to the $0.0000128480 mark.
Currently, traders are attempting to pull the Bonk price below this significant price point. What’s interesting is that the current setup is similar to the setup that resulted in the aforementioned bullish move for the meme coin. Should history repeat, the altcoin may rise to the closest resistance level at $0.0000192765 in the next couple of days. Continued buy pressure could lead to the crypto breaking above this threshold and potentially rising to as high as $0.0000290295 in the short term.
Still a Large Amount of Downside Potential
This bullish thesis may be invalidated if the Bonk price closes a 4-hour candle below $0.0000128480 in the next 12 hours. In this more bearish scenario, the meme coin could be at risk of falling to the $0.0000088550 support level through the course of the following week.
Traders and investors will want to note that the Relative Strength Index (RSI) on BONK’s 4-hour chart was close to oversold territory. Traders may see this as a launchpad for a strong bullish move. Supporting this bullish outlook is the positive slope of the RSI line, which indicates that bulls are currently growing stronger against bears.
Despite this, the RSI line is positioned below its Simple Moving Average (SMA) line, which suggests that sellers still have the upper hand against buyers. As a result, traders may want to wait for the two lines to cross before going long on the meme coin. In addition to this, the Moving Average Convergence Divergence (MACD) line is breaking away below the MACD Signal line. This may be a sign that BONK’s negative trend is not over yet.
#BONK The world of decentralized finance (DeFi) has seen a surge#BONK is a relatively new token that has quickly gained attention for its unique features and growth potential. In this article, we will take a closer look at BONK and explore what sets it apart from other DeFi tokens.
First and foremost, BONK is a deflationary token, which means that the total supply of BONK tokens decreases over time. This is achieved through a mechanism called "token burning," where a portion of the tokens in circulation are permanently removed from the supply. This scarcity can drive up the value of the remaining tokens, making BONK an attractive investment for those looking for long-term growth potential.
In addition to its deflationary nature, BONK also offers staking and yield farming opportunities. Staking allows token holders to lock up their BONK tokens in exchange for rewards, while yield farming involves providing liquidity to a decentralized exchange and earning rewards in the form of additional tokens. These features make BONK an appealing option for investors looking to earn passive income through their crypto holdings.
Of course, like any investment, BONK comes with its own set of risks. The DeFi space is known for its volatility and potential for rapid price fluctuations, so investors need to do their own research and understand the risks involved before diving into any new token.
"Please remember to DYOR (Do Your Own Research) as this is not financial advice."
BONK 4H BEARISH TRIANGLE : DUMP UPCOMINGWith Bonk's reversal from the 0.0001800 area, we can construct a clear bearish triangle on the chart. Bearish triangles often break bearish to make new lows, so that's going to be the idea behind the trade.
Wait for the price to close below the triangle's support area. Looking for a move towards the 0.0000900 range.
Might be far-fetched, but this token did a massive 200x in a matter of weeks, so a big correction is to be expected at some point.
🔥 BONK Bearish Triangle: Preparing For DumpWith Bonk's reversal from the 1800 area, we can construct a clear bearish triangle on the chart. Bearish triangles often break bearish to make new lows, so that's going to be the idea behind the trade.
Wait for the price to close below the triangle's support area. Looking for a move towards the 380 range.
Might be far-fetched, but this token did a massive 200x in a matter of weeks, so a big correction is to be expected at some point.
BONKUSDT.PBONKUSDT.P is in bearish trend.
Potentially printing LH and LL.
Bearish Divergence also shown in RSI.
Double Top reversal pattern also shown in chart.
We sell at CMP.
Dump while you can or you will lose everything.Can you see what i see.
If you can then you know what the F is about to happen.
Resistance has been hit and manipulation used divergence indicator against the market.
Hidden detailed information compared with the best indicators and momentum waves suggest a very strong pull back. I went through this before when shiba inu crashed over 90 percent very quickly.
Don't get trapped in a trade. This is seriously a bad situation so wait until the consolidation starts at the low of this chart. your welcome traders have a good day.
Bonk Ready to Breakout??? New ATH incoming?? The breakout out with good volume can fetch 30-40% gains easily
Lets wait and watch
BONK Introduces PooperScooper to Streamline Asset Management$BONK introduces 'PooperScooper' for easy asset management, marking a major leap in meme coin utility and user convenience.
Solana’s meme coin, BONK, recently introduced a new feature, dubbed ‘PooperScooper,’ to streamline user interactions and asset management within its ecosystem. This latest development represents a significant step in BONK’s ongoing efforts to expand its reach and utility in the competitive world of digital currencies.
‘PooperScooper’: Simplifying Asset Management
The ‘PooperScooper’ feature, a notable innovation within the community, aims to provide users with an efficient tool for managing their digital assets. This functionality allows individuals to quickly identify and organize tokens no longer aligned with their investment strategies. The feature enhances convenience and user engagement by enabling users to convert these assets into BONK seamlessly.
The community’s response to the introduction of ‘PooperScooper’ has been overwhelmingly positive. This enthusiasm underscores the growing demand for user-friendly tools in cryptocurrency, particularly within the meme coin sector, where simplicity and accessibility are critical.
$BONK’s Growth Trajectory
Despite being a newer entrant in the meme coin market, BONK has shown remarkable growth and resilience. Compared to its more established counterparts like Shiba Inu (SHIB), the coin has demonstrated a significant surge in value, boasting a 6,761% increase over the past three months. This growth trajectory speaks volumes about the coin’s potential to challenge the dominance of other prominent players in the meme coin arena.
The introduction of ‘PooperScooper’ is a testament to $BONK’s commitment to innovation and a strategic move to bolster its position in the cryptocurrency market. By continuously enhancing its offerings and focusing on user experience, $BONK is steadily carving out a niche among digital currency enthusiasts.
Bonk Drops 12%, but Technicals Suggest a Strong Move UpBYBIT:BONKUSDT was able to escape the medium-term negative trend that it was trapped in over the past few weeks. Following its break out of a descending triangle pattern, BONK attempted to challenge the strong resistance level at $0.0000192765. However, sellers were quick to exert sell pressure on the meme coin, which caused it to pull back slightly in the past three days.
As a result, the Bonk price has entered into a consolidation phase between $0.0000088550 and $0.0000192765. If the crypto remains in this channel for the next 48 hours, then this period could be seen as an accumulation and liquidity building phase before a strong move to the upside if buyers decide to buy into BONK again. This potential bullish surge could see the BONK price flip the resistance level at $0.0000192765 into support.
Thereafter, continued buy support could elevate the meme coin’s value to as high as $0.0000290295. Risk-averse traders may want to wait for the Bonk price to close a daily candle above $0.0000192765 before entering into a long position.
This bullish thesis could be invalidated if the BONK price drops below the $0.0000088550 support in the upcoming days. In this alternative scenario, the crypto may fall to as low as $0.0000032570 within the following fortnight.
Bonk Enters a Bullish Cycle
Technicals suggested that BONK has entered into a bullish trend. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) were flagging bullish. The gradient of the MACD Histogram was positive, while the MACD line was positioned above the MACD Signal line. This suggested that BONK’s positive trend may carry on for the next couple of days.
In addition to this, the RSI was positioned above its Simple Moving Average (SMA). This is indicative of bulls having more strength than bears. As a result, it will be easier for buyers to boost the Bonk price in the next few days than it will be for sellers to drag it down.
BONK LONGThe price movement is positive for an investor. The entry price and targets have been added to the chart
TARGETS
0.000020
0.000034
SL : 0.0000090 4H
Update #Bonk
Update #bonk
T1 : 0.000015 ✅
T2 : 0.000017 ✅✅
T3 : 0.000020
T4 : 0.000022
T4 : 0.000025
Now the support is 0.000013
S.L 0.000012 1D
BONK Surges 28% As It Rises From the Ashes and Could Rise MoreThe Bonk price was in a negative trend over the past couple of weeks. During this time, a bearish trend line formed on the meme coin’s daily chart, as it printed a series of lower highs. However, the crypto now seems to be attempting to overcome the negative trend.
Throughout the past day of trading, the Bonk price was able to break above the bearish trend line on its daily chart. It also continued to trade above this barrier at press time. Should BONK close today’s trading session above this mark, it may have a good launchpad to rise from. In this bullish scenario, the Bonk price may attempt a challenge at the $0.0000148068 resistance level. A daily candle close above this threshold could then be identified as a buy signal by traders. Should this happen, the altcoin may surge to the subsequent resistance level at $0.0000346810 in the following few days.
This bullish thesis may be invalidated if the Bonk price closes today’s daily candle below the bearish trend line. As a result, the Solana-powered meme coin may drop below the $0.0000089940 support. Continued sell pressure could then push the Bonk price down to $0.0000046040 in the short term.
Technical indicators suggested that BONK may close today above the trend line, and potentially continue climbing in the next 48 hours. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators were flagging bullish.
During the last 24 hours, the RSI line managed to cross above its Simple Moving Average (SMA) line. This is a significant bullish technical flag that suggests buyers have gained an upper hand against sellers on BONK’s daily chart. Meanwhile, the MACD line was also attempting to cross above the MACD Signal line. These two lines intersecting could signal the continuation of BONK’s positive trend.
day trade on BONK 75% upside on leverageBONK is eyeing on 0.0000151and more
an increase of 15% or ( 75% on 5x leverage ) day trade.
#not a financial advice
$BONK - Meme Of This CycleAs explained in a previous idea BINANCE:BONKUSDT has tremendous potential.
I am currently looking at BYBIT:BONKUSDT (many degens and apes) + COINBASE:BONKUSD more normie retail and institutions.
Interesting enough, the COINBASE chart looks very bearish and could bring some bias of "i am early" to potential buyers.
My personal aim for the next weeks/months is $BONK eating another ZERO towards 0.0001
BONK 4hr time frame looking goodBONK broke above the 9sma on 4hr time frame and
may pull back to the 9sma ( lower entry area )
would like to see price action pull back to create a higher low
This is for ENTERTAINMENT purpose Only.
Not Financial Advise
Always DYOR ( do your own research )
#BONK bonk price prediction,. A Brief Outlook on BONK Price MoveBonk is a newer cryptocurrency that has seen significant volatility over the past few months. While prices surged dramatically in January and February on strong speculative interest, the token has since pulled back substantially from all-time highs.
Looking ahead, there remains considerable uncertainty around Bonk's long-term prospects and future price trajectory. On the one hand, proponents argue the project has innovative tech and could see renewed hype if mainstream adoption increases. However, skeptics contend the market may be oversaturated with similar meme coins now, dampening upside potential.
The point which iam always seeing on #BONK the Team behind it !!! The development team behind Bonk is the same team responsible for building on the popular Solana blockchain. This provides confidence that Bonk will be professionally managed with strong technical skills.
Of course, meme coins can be highly speculative and volatility should be expected as with any new cryptocurrency. For investors with a long term horizon, Bonk presents an opportunity to get in early on a project with solid blockchain expertise behind it. Continued community building and real world integration will be important factors to watch in determining Bonk's viability and future price performance.
#BONK to the MOON
