BONKUSDT.P trade ideas
$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: Will This Meme Coin Crash?After giving 16x gains to those who bought the bottom in August, can BYBIT:BONKUSDT have a pullback from here?
BONK debuted as the first meme coin on Solana blockchain
It was well distributed across the board and it appears to have solid tokenomics
The acceptance was massive amidst partnerships with several Defi projects and protocols
Decent liquidity on Cex and Dex
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Bonk Is Ready To Take A Jump
Bonk Coin (BONK)
Short Fundamental Analysis
Bonk is a dog-themed meme coin on the Solana blockchain. It was launched on December 25, 2022, and experienced a significant surge in price shortly after its launch. The coin is similar to other meme coins like Shiba Inu (SHIB) and Dogecoin (DOGE), which have also seen significant price swings in the past.
Recent News
Bonk has been listed on several major cryptocurrency exchanges, including Bybit, DigiFinex, Bitrue, Bitget, and BitMart.
The Bonk community is actively developing new initiatives to support the coin, such as a decentralized exchange (DEX) and a non-fungible token (NFT) marketplace.
Disclaimer
Please note that Bonk is a highly speculative investment, and its price is highly volatile. It is important to conduct your own research before investing in any cryptocurrency.
Additional Information
Current price: $0.000003 USD
24-hour trading volume: $47,585,629 USD
Circulating supply: 54,175,991,495,377 BONK
Max supply: 100,000,000,000,000 BONK
CoinMarketCap ranking: #243
Market capitalization: $155,699,364 USD
Bonk’s Future: $1 by 2025$BONK as an asset class is minuscule - a drop in the bucket. A <$100 million market cap would still be undervalued for BONK to have any meaningful impact as a store of value/currency.
The end goal for BONK as an investment is a binary outcome. It goes to 0 or you 100x your investment. There is no in-between.
It's really that easy.
If you don't believe me or don't get it, I don't have time to try to convince you, sorry.
Bonk Lights the Path: Get In on the Buy Action Today!"Let's embark on a thrilling journey through the intricacies of BONKUSDT! 🚀 Join me as we dissect its price movements, uncover potential patterns, and reveal the hidden gems that could drive your crypto portfolio to new heights. Get ready for an in-depth analysis that's packed with insights and tailored just for you
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Long BonkBased on the analysis of Bonk's 8-hour chart, there’s a bullish divergence pattern emerging. This pattern suggests that there’s positive momentum and money flow coming in. Also, Bonk has successfully held its support level, indicating a potential area of strong buying interest. The retesting of the breakout reinforces the notion that the price is attempting to establish a new upward trend. A potential take profit level would be the .618 Fibonacci retracement level.
This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD , RSI , Momentum, and resistance/support zones combined with patterns.
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.
Are You Bonking Yet?As you can see BONK is getting ready to rip a lot higher and in a very quick smooth fashion. It's the token that I currently hold of most interest to me. The community is great, the tokenomics are strong, and the development around BONK has already cemented legacy into the very fabric of the Solana ecosystem. NFA.
For the ultimate degen BONK experience ;)
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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:
Bonk Is The Play Right NowBonk has been range bound since the beginning of the year. We now have very strong support at .0000008. It appears that Bonk is gearing up for a very strong move to the upside. The chart makes a case for itself. Best of luck.
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- 67.2% of the airdropped $BONK remains in the hands of the original airdrop recipients
- $BONK holders have diamond hands unlike anything we've ever seen on Solana (you NFT flippoors know what I'm talking about)
- Since the $BONK lauch, it is 3rd in terms of total swap volume on Solana behind $SOL and $USDC
- On January 2nd, $bonk had as much swap volume as $SOL and $USDC, which is pretty insane considering those two tokens are part of nearly every trading pair on Solana.
#BONK #BATT
Rangebound. But not for much longer!$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?