#1000BONK/USDT#1000BONK
The price is moving in an upward channel on a 4-hour frame and we have a support area in green at the level of the lower border of the channel at the price of 0.02200.
We have a trend to rise above the Moving Average 100 after breaking it down
The RSI indicator has a downtrend that is expected to be retested
Entry price is 0.02350
The first target is 0.02550
The second target is 0.03000
The third goal is 0.03600
Bonkbtc
Bonk is ready to go higher (500% profit)Bonk is in extremely huge bull market, as you can see on the chart. I expect another pump because market never ends its uptrend in such way. We want to see a bearish divergence on the weekly chart first. if you buy now, a 500% Profit is really likely. We need to complete wave (5) to finish this uptrend. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
Nearly half of the total supply, i.e. 50 trillion coins, is distributed among those who maintain the Solana blockchain and contribute to the development of the community in any way possible. According to Orca, a DEX built on top of the Solana blockchain, the airdrop resulted in approximately $20 million in trading volume. Since $BONK was listed across a number of popular crypto exchanges on December 30, 2022, the token has grown by over 2,000% in a week.
Some projects built on Solana have already integrated $BONK as an option to make payments for NFTs, while others have provided users with the opportunity to earn BONK tokens for staking NFTs. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
BONK Some targetBONK is slowly moving and accumulating below main trendline. I set some target for buying, but in order to buy the actual support at 0.000099 must hold. We need to see a break and retest of main trend before pumping. My first target is the resistance area around 0.000023 (more than 100% of profit) and second big target in bull run will be 0.00004 (more than 300%)
Bearish signs on BONKAfter so many highs, BONK is falling.
Why is this drop different from the previous series?
1- According to rumors, it seems that FTX has liquidated or is liquidating a large amount of its altcoins.
2- It is possible to start a bear market not only for BONK but also for the crypto market for 2 months.
I marked 3 confirmations on the chart. First of all, the downward momentum is also very high.
1- The first confirmation is the stabilization below the KEY LEVEL in daily time
2- The second confirmation is the failure of the TREND LINE
3- The third confirmation is the creation of a bearish CH
In general, the symbol that has risen this much is risky and should be taken care of
In any case, your positions should not be based on FOMO and you should take a position or buy and sell your assets by carefully checking the chart.