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BONK / TetherUS

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BONKUSDT trade ideas

$BONK - Let The Winners RideWe are still early in the bull market and so far BYBIT:BONKUSDT has been a clear winner. I have been sceptical around meme coins and their utility, but speculation and meme power is simply a use-case and should not be faded in the 20's of this century. I am spotting a clear divergence on the 2h Awesome Oscillator and this happens while traders dabble in many other low liquidity shitcoins on various chains and BONK has lost some mindshare. Especially watch the Coinbase chart for BONK COINBASE:BONKUSD and it's opening price when it was listed. Rotations and narratives play out much faster and much more random all around the crypto ecosystem. We have many more participants and meta plays being involved. BONK is still the premier choice for meme exposure related to the Solana Ecosystem and will certainly have another catch up moment to the bigger ones like BINANCE:DOGEUSDT and BINANCE:SHIBUSDT
Long
by zymmetric
Bonk is Solana's Mascot Bonk is Solana's culture coin and is a loyal as a dog when you are down and out. Bonk was airdropped to help devs weather the FTX fiasco. 1 year later bonk was airdropped to coin holders for participating in their bonkmas activities Bonk helped Solana sell out their SAGA phone because bonk came with the phone. Bonk made buying SAGA free and profitable Bonk telegram bot did more TPS than ETH's L1 on christmas Bonk's protocol revenue is higher than magic eden Meme coins don't do this, mascots do. BONK will go BONKERS. BONK will trade as high or higher than SHIBA's ATH marketcap
Long
by citaumeh
2
Bonk upside the head!Bonk is looking good here! The bottom appears to be in meaning continued upside potential. Reasons would be price is attractive considering it is the SOL train token that is marketable as the people's coin and major exchanges acted quickly to get it listed seeing the potential demand. Shib's circulating supply is simply too large in comparison to Bonk's current price and there is clearly a bull run on this funny meme coin which could be the true Doge killer. Not investment advice.
Long
by Nobueno
15
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