BONKUSDT
BONK: PEPE, I'm coming home to you!Explaining the idea of why I expect BONK to fall further.
Trend : LH's and LL's, peaks getting lower and lower, tapping into the floor of 0.00001
Volume peaks : I've marked the peaks with a red "X" both on the price chart and volume.
Decreasing volume : Every time a peak has been made, volume as fallen, and so has price. See the red arrows on price and volume.
I'm expecting this to be the case now too.
Eventually breaking the floor of 0.00001 and falling to around 0.000005. That's about a 60% drop from current prices.
Baby Bonk at $10M Market CapConsidering that this token is only at $10M market cap and BONK is at SEED_TVCODER77_ETHBTCDATA:1B market cap, we can expect this token to get to the SEED_TVCODER77_ETHBTCDATA:1B market cap region within the next couple months (Perhaps even weeks :o). The Baby Bonk team is on point with their marketing and are very active on social media. Already , 95% of the token's supply is in circulation, with plans to release the token on more centralized exchanges in the (very) near future, alongside the centralized exchanges that already list the token.
Not financial advice. Good luck, and God speed. TO THE MOON!!!
BONK COIN PRICE ANALYSIS AND NEXT POSSIBLE MOVES!!SEED_DONKEYDAN_MARKET_CAP:BONK Coin Update !!
• Technically for short term price look in overbought zone on 4h &1D Chart.
• Future short trade setup possible with tight SL🚫
Current local resistance is 0.00001367 and strong resistance is clearly mentioned on a chart
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%)
Market Update 3/1/2024Too lazy to type again. Just watch the video. Its pretty straight forward.
As before, Id still like to see a drop back to the day TF hulls .
I am hoping this corresponds to MARA starting under 21.5 and then I can grab it when we start a week back above 21.5. And by above, I dont mean 25-30% above like it did last week.
BONK 4H BEARISH TRIANGLE : DUMP UPCOMINGWith Bonk's reversal from the 0.0001800 area, we can construct a clear bearish triangle on the chart. Bearish triangles often break bearish to make new lows, so that's going to be the idea behind the trade.
Wait for the price to close below the triangle's support area. Looking for a move towards the 0.0000900 range.
Might be far-fetched, but this token did a massive 200x in a matter of weeks, so a big correction is to be expected at some point.
🔻 SHORT #1000BONKUSDTSHORT #1000BONKUSDT from $0.011101
The BONK asset did not show buyer activity after a strong dump and did not close the bearish imbalance, so a horizontal support level with many confirmations was formed again. There is an increased daily volume, as well as increased seller activity with price compression near the level. I expect to see a continuation of the trend and a breakdown of the level on the volumes of sellers with excellent potential.
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.
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.