Chonky is a Solana memecoin that has been accumulating for nearly one full year now. It's currently $13 million mcap. Fundamentally it reminds me of $Ponke, another Solana meme which I had an early entry on (published call on TradingView) and has performed very well, trailblazing the path for the creation of viral meme brands with protected IP in the crypto space....
This would be more replicative of the previous consolidation. If I was too early on the previous post, this is what I would expect it to look like. I lean more towards this scenario as we would take out the lows before a swift move to new highs. But as I said, I will simply hold my positions (mostly meme coins) and be patient regardless of what happens.
The structure of this current consolidation is looking very similar to the previous one at $51k. I might be a bit early but I will just remain in my meme coin positions and bet that this bullish trend continues. Good luck
This is the first crypto I've been excited about since GETTEX:PEPE came out last year. Even more so because I've never felt that I had such an ideal entry. The narrative surrounding it and some of the names getting involved are setting this up to be a renowned crypto in the meme coin space. All currently visible price action on the chart will appear as a flat...
it's been really choppy and it looks like death could come at any moment on the weekly, but the daily and 4hr are setting up for a nice bounce if you got the ballz. Looks like it could break out tonight but we'll see what market brings in this god damn down economy
