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BONKUSDT trade ideas

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 could Bonking Bonk the crypto-world.As Shiba is set to run to catch up to Bonk, Bonk will likely be given a boost in MC since the price is unequal as compared to Shib's current supply. Bonk - 60,837,624,528,359 (60.8T) MC $1,873,706,664 (0.00001879) Shib - 589,309,190,072,455 (589.3T) MC $6,195,947,411 (0.00001050) Shib has 9.6924 x's supply compared to Bonk. Doing the math, Bonk is a great deal especially since institutions will have to pump Shiba to rekindle investors excitement in the meme coin, which could eventually cause Bonk to drop a zero with ease. 60T vs 589T Bonk looks attractive right now! Currently #58 on Coinmarketcap & #60 on gecko. Consider Pepe made the top 10 briefly for a measly little meme coin that wasn't widely available on top major exchanges, not bad! Anyway, this is my best guess. If this doesn't pan-out, don't shoot the messenger.
Long
by Nobueno
BONK Escapes Bullish Channel, Will It Drop to $0.000004604BYBIT:BONKUSDT has broken out of the medium-term positive price channel that it had traded in since 22 October. Following its fall below the lower barrier of this price channel, the meme coin retested the $0.0000149068 support level over the past 48 hours, and bears managed to drag its price below this significant price point. Should traders continue to offload their holdings, the cryptocurrency may drop to the subsequent support at $0.0000089940 in the coming few days. In an extreme bearish scenario, BONK could fall to as low as $0.0000046040 in the short term. This bearish thesis may be invalidated if BONK is able to close a daily candle above $0.0000149068 in the next 48 hours. In this alternative scenario, the cryptocurrency could begin to climb to the major resistance level at $0.0000346810 in the following week. Technical indicators on BONK’s chart signaled that BONK’s negative trend shows no signs of slowing down. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators are flagging bearish. Currently, sellers have the upper hand against buyers, as the RSI line is positioned below the RSI Simple Moving Average (SMA) line. Meanwhile, the MACD line was breaking away bearishly below the MACD Signal line, suggesting a continuation of BONK’s negative trend in the next few days.
Short
by StevenWalgenbach
Shorting again 2024, running it back turbo downwardI'm neutral going into 2024, scoping for a short opportunity as I did in 2021. Similar conditions, less this time a double top in equities that could burn me. Conviction is what makes a great trader. Conviction and learning from your mistakes, that is. So here we go, the top of Dec. 2017 taught me that everything isn't always what it seems. Even when the words are right, and the momentum is there, markets won't placate to narratives, and price dictates all. By Oct. 2021 I learned again that a strong narrative and an inflow of capital to a sector can bring price discovery. I remain true to my conviction. Researching alternative crypto's for next cycle in 2024, until I see a healthy correction in the sector by deleverages to risk.
by stevenmckinney
2
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
BONK Consolidates, Will It Skyrocket to New Heights Soon?BYBIT:BONKUSDT attempted to break out above a medium-term positive price channel that formed on its daily chart over the past four weeks. This attempt led to the meme coin’s price getting rejected by the upper barrier of the price channel. Since then, BONK has entered into a temporary consolidation phase. There was some sell pressure being applied to the crypto’s price, as evident by the wick above today’s daily candle. Should this potential bearish pressure bring BONK’s price down, the cryptocurrency may retrace to the $0.0000149068 support level. This is a significant level as it is also confluent with the lower barrier of the positive price channel. Therefore, a break below this mark may lead to BONK correcting down to the $0.0000089940 support level. In an extremely bearish scenario, BONK could fall to $0.0000046040 in the next 2 weeks. This bearish thesis may not materialize if BONK rebounds off of the $0.0000149068 support level. In this alternative scenario, the meme coin’s price may enter into a strong move to the upside, which could see it launch to above the $0.0000346810 threshold in the following few days. Both the MACD and RSI indicators are currently flagging bearish. This may lead to BONK pulling back to the immediate support level at $0.0000149068. Despite the potential for a correction, BONK could still skyrocket as long as it stays in the aforementioned price channel.
Long
by StevenWalgenbach