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BONKUSDT Perpetual Swap Contract

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BONKUSDT.P trade ideas

BONK Price Soars 12% Post-Major ListingThe Solana-based meme coin CRYPTOCAP:BONK is making waves in the cryptocurrency market. After its listing on South Korea’s largest crypto exchange, Upbit, the coin has surged by 12% in a single day, reaching a new all-time high. This recent rally has extended BONK’s weekly gains to over 75%, sparking optimism for its potential to challenge the giants of the meme coin market like PEPE and SHIB. The Catalyst Behind BONK’s Rally The Upbit listing has proven to be a game-changer for CRYPTOCAP:BONK , as the Korean exchange announced the addition of a BONK-Korean Won trading pair. With Korean investors’ affinity for meme coins, this move has significantly boosted trading activity and investor confidence. - Massive Volume Surge: BONK’s daily trading volume has soared by 77%, crossing the $2.7 billion mark. - Whale Activity: Blockchain analytics platform Lookonchain reported notable whale interest. A well-known investor, famous for $4.84 million profits from POPCAT, recently acquired 65.4 billion BONK tokens worth 3.4 million USDC, signaling strong confidence in BONK’s potential. - Market Cap Milestone: BONK’s market cap now exceeds $4.2 billion, ranking it as the fourth-largest meme coin. Analysts predict it could climb to $10 billion, positioning it among the top three meme coins. Technical Analysis BONK has consistently followed a cycle of falling wedges followed by rising wedges. This pattern has occurred three times, each signaling a breakout to new highs. CRYPTOCAP:BONK is currently positioned for a healthy retracement to the $0.000051 support level before potentially climbing further. The Relative Strength Index suggests room for retracement or a continuation of the bullish trend. Furthermore, BONK’s 24-hour trading volume surged by 117.24%, reflecting strong investor interest and liquidity. With BONK currently trading at $0.0000559, analysts see potential for the price to move towards $0.005 in the long term, fueled by its increasing adoption, whale interest, and strong technical foundation. Upbit Listing Amid Regulatory Scrutiny Interestingly, this development comes as Upbit faces regulatory challenges. South Korea’s Financial Intelligence Unit has flagged over 500,000 KYC violations by the exchange. Despite this, the CRYPTOCAP:BONK listing has ignited investor enthusiasm and strengthened the coin’s community. Conclusion BONK has displayed a rare mix of healthy technical patterns, growing fundamentals, and increasing adoption. The combination of whale activity, a major exchange listing, and sustained volume growth suggests BONK is well-positioned to capitalize on the meme coin trend. With a market cap of $4.2 billion and growing, the $10 billion milestone could soon be within reach. Investors are keeping a close watch on BONK’s next moves, as it continues to solidify its position in the meme coin hierarchy. Will BONK challenge PEPE and SHIB? Only time will tell, but the momentum is undeniably strong.
Long
by DEXWireNews
BONKUSDT: Potential for a 30-50x Surge!Overview: BONK/USDT, the second-largest meme coin on the Solana network has shown promising signs of a significant upward trend, as indicated by the recent breakout from both weekly resistance lines. The price action suggests a refusal to decline further, highlighting a potential bullish momentum. Technical Analysis: -The chart demonstrates a clear breakout above the yellow resistance line, which has historically acted as a ceiling for price movements. - The weekly candle has closed above this line, indicating strong buying pressure and potential for further gains. - The price has also surpassed the horizontal resistance at 0.00004790, reinforcing the bullish outlook. Market Sentiment: With the current momentum and market interest, BONK/USDT could see a substantial increase, potentially reaching 30-50 times(+) its current value. However, it's crucial to acknowledge the inherent risks in such high-volatility trades. Risk Assessment: While the technical indicators are favorable, this is a high-risk trade. Market conditions can change rapidly, and it's essential to conduct thorough research and consider your risk tolerance before investing. Conclusion: BONK/USDT presents an exciting opportunity for traders willing to embrace the risks for potentially high returns. Keep a close watch on market developments and adjust your strategies accordingly.
Long
by YMTunkuLuqman
BONK: will the 1 trillion token burn fuel price growth?The Solana (SOL)-based memecoin BONK rallied 100% in the past seven days, driven by an overall market pump and a massive deflationary plan to burn 1 trillion tokens.  On 15th November, Bonk DAO announced the deflationary plans with the 2024 Christmas deadline.  Immediately after the news, BONK pumped 27% and added on its weekly gains, which crossed 100% amid an extra weekend pump. For context, burning tokens reduces supply and ultimately boosts the value of the remaining assets.  The extra pump on Sunday eyed the immediate bullish target of $0.000057 on the Fib tool. If the uptrend extended, the next target would be $0.000067, offering an extra 40% potential gains. But BONK grabbing the extra gains could only be feasible if the mememcoin stayed above its previous ATH.  That said, technical indicators showed massive buying interest but an overheated market scenario. The Stochastic RSI was in oversold territory, while the OBV (On Balance Volume) reached new highs.  Interestingly, leveraged bulls also FOMO’ed on the BONK’s rally. The OI (open interest) rates surged 3X, from about $50M to over $150M in just days. This suggested that leveraged players took massive debts to place bullish bets on BONK.  Market pundits expect the BONK rally to extend, partly due to the expected 1T token burn. However, the broader market sentiment could determine the next price direction for the memecoin.
Long
by paul_endeo
2
Here I buy BONK at $0.00005Buying BONK at $0.00005 right now in REAL TIME. And Bonk supply shock is happening here right now. You know, Doge supply shock happened at $0.25 Pepe supply shock happened at $0.000018 And now BONK supply shock is set. And the countdown has just begun I'm also very interested in memecoins, hence, the market will also be interested in meme coins The skill to time them one by one and profit from compounding You have really many things to learn from me. But now I have no time to teach you anymore. The clock is ticking since 6th For now you can feel privileged by seeing the big things happening before your eyes
Long
by btcbullshark
BONKUSDT Ready for Big PUMP!!!BINANCE:BONKUSDT has recently broken out and successfully retested a previous resistance level, showing signs of strength. Now, it’s attempting to break out of a triangle pattern, with the resistance line acting as a key barrier. If it manages to break through, a significant upward move could be on the horizon, fueled by the ongoing memecoin craze. However, caution is advised—consider using only a small portion of your capital to manage risk in this volatile environment. BINANCE:1000BONKUSDT.P Currently trading at $0.000036 Buy level: Above $0.000033 Stop loss: Below $0.0000262 Max Leverage 3x Always keep Stop loss Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts
Long
by GreenCryptoTrades
1
Massive Monthly Signal on $BONK: Clear Path Ahead!We’ve got a strong monthly signal on $BONK. While it doesn’t have the same extended targets as other coins, the direction is crystal clear! An entry around 0.000022 would be optimal. Anything lower than that would be a gift. I’ll be scaling back in after exiting the previous trade on the daily chart (it wasn’t ready to expand then). Now, with the macro signal in place, the outlook looks much stronger. Targeting above 0.0001.
Long
by ZelfTrade
1
How could we not lose this long position?We missed his entry point, but he had very good points😉 Pay attention, when the price was lowered, the volume decreased and when the price increased, the volume increased It has had 4 collisions, after each collision that level weakens, with a weak reaction, before breaking the trend line, pay attention to how many base candles we put You can also see the weakness of the sellers in the 4-hour time frame. You can see that the volume decreased when the price fell. When you understand that the purchasing power is stronger, you can enter the strategy you have As for now, I will wait for the market to make a structure🧐 If you want me to analyze a coin, tell me in the comment🫡 ⚠️ Do capital management to survive ⚠️
by parsa_xa
BONK: A massive move could be around the corner! If you're looking to trade BONK at the moment, here's a quick setup that you might find helpful! The idea is: Buy when the price breaks above $0.0000238 and take profits at the levels shown in the chart. Targets: 1. $0.000025 2. $0.000027 3. $0.000029 ------------------------------------------- About our trades: Our success rate is notably high, with 10 out of 11 posted trade setups achieving at least their first target upon a breakout price breach (The most on TW!). Our TradingView page serves as a testament to this claim, and we invite you to verify it!
Long
by MBM_Crypto
4
#BONK Tapping Into Community-Driven Meme Coin PotentialDescription: This trading idea focuses on BONK, a meme-based cryptocurrency that has captured attention due to its strong community support and decentralized ethos. Unlike many meme coins, BONK is positioned as a community-driven initiative, with a portion of its token supply distributed among various active participants to promote decentralized ownership and adoption. With its growing ecosystem, social traction, and community-driven efforts, BONK presents an intriguing opportunity for those looking to capitalize on the rise of community-led meme coins in the crypto market. However, it's important to acknowledge that the market for meme coins like BONK is highly speculative and prone to extreme volatility. Rapid price changes, shifting market sentiment, and external factors such as media attention and social trends can greatly influence its value. This asset class carries high risk and should be approached with careful consideration. Disclaimer: This trading idea is for educational purposes only and is not intended as financial advice. Trading cryptocurrencies, including BONK, is speculative and carries a significant risk of loss. Investors should conduct their own due diligence, consider their financial position, and consult with a financial advisor before making any decisions. Past performance is not indicative of future results.
Long
by MoonTradingForecast
BONKUSDT - Climb Back to .00004The weekly MACD hasn't been drawn yet so there's likely more impact by the daily MACD on the price point. BONK has seen .00004 as a high, so it's possible there's shorts waiting to get rekt at the top. Expecting a slow climb back towards .00004. Take note of the rising stochastic and MACD. Long/shorts ratio has taken a standstill at .000012 to .000014 indicating there's a supply level there. If it does fall to .000012 I would pick up more. A great 2-3X hold.
Long
by Terrapins
11