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Bonk / Tether USD on BSC (0x2f74ad2c64be7DC07C9f51E9d338EcB7C1ee0B18)

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BONKUSDT_2F74AD trade ideas

Bonk Drops 12%, but Technicals Suggest a Strong Move UpBYBIT:BONKUSDT was able to escape the medium-term negative trend that it was trapped in over the past few weeks. Following its break out of a descending triangle pattern, BONK attempted to challenge the strong resistance level at $0.0000192765. However, sellers were quick to exert sell pressure on the meme coin, which caused it to pull back slightly in the past three days. As a result, the Bonk price has entered into a consolidation phase between $0.0000088550 and $0.0000192765. If the crypto remains in this channel for the next 48 hours, then this period could be seen as an accumulation and liquidity building phase before a strong move to the upside if buyers decide to buy into BONK again. This potential bullish surge could see the BONK price flip the resistance level at $0.0000192765 into support. Thereafter, continued buy support could elevate the meme coin’s value to as high as $0.0000290295. Risk-averse traders may want to wait for the Bonk price to close a daily candle above $0.0000192765 before entering into a long position. This bullish thesis could be invalidated if the BONK price drops below the $0.0000088550 support in the upcoming days. In this alternative scenario, the crypto may fall to as low as $0.0000032570 within the following fortnight. Bonk Enters a Bullish Cycle Technicals suggested that BONK has entered into a bullish trend. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) were flagging bullish. The gradient of the MACD Histogram was positive, while the MACD line was positioned above the MACD Signal line. This suggested that BONK’s positive trend may carry on for the next couple of days. In addition to this, the RSI was positioned above its Simple Moving Average (SMA). This is indicative of bulls having more strength than bears. As a result, it will be easier for buyers to boost the Bonk price in the next few days than it will be for sellers to drag it down.
Long
by StevenWalgenbach
BONK Surges 28% As It Rises From the Ashes and Could Rise MoreThe Bonk price was in a negative trend over the past couple of weeks. During this time, a bearish trend line formed on the meme coin’s daily chart, as it printed a series of lower highs. However, the crypto now seems to be attempting to overcome the negative trend. Throughout the past day of trading, the Bonk price was able to break above the bearish trend line on its daily chart. It also continued to trade above this barrier at press time. Should BONK close today’s trading session above this mark, it may have a good launchpad to rise from. In this bullish scenario, the Bonk price may attempt a challenge at the $0.0000148068 resistance level. A daily candle close above this threshold could then be identified as a buy signal by traders. Should this happen, the altcoin may surge to the subsequent resistance level at $0.0000346810 in the following few days. This bullish thesis may be invalidated if the Bonk price closes today’s daily candle below the bearish trend line. As a result, the Solana-powered meme coin may drop below the $0.0000089940 support. Continued sell pressure could then push the Bonk price down to $0.0000046040 in the short term. Technical indicators suggested that BONK may close today above the trend line, and potentially continue climbing in the next 48 hours. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators were flagging bullish. During the last 24 hours, the RSI line managed to cross above its Simple Moving Average (SMA) line. This is a significant bullish technical flag that suggests buyers have gained an upper hand against sellers on BONK’s daily chart. Meanwhile, the MACD line was also attempting to cross above the MACD Signal line. These two lines intersecting could signal the continuation of BONK’s positive trend.
Long
by StevenWalgenbach
#BONK bonk price prediction,. A Brief Outlook on BONK Price MoveBonk is a newer cryptocurrency that has seen significant volatility over the past few months. While prices surged dramatically in January and February on strong speculative interest, the token has since pulled back substantially from all-time highs. Looking ahead, there remains considerable uncertainty around Bonk's long-term prospects and future price trajectory. On the one hand, proponents argue the project has innovative tech and could see renewed hype if mainstream adoption increases. However, skeptics contend the market may be oversaturated with similar meme coins now, dampening upside potential. The point which iam always seeing on #BONK the Team behind it !!! The development team behind Bonk is the same team responsible for building on the popular Solana blockchain. This provides confidence that Bonk will be professionally managed with strong technical skills. Of course, meme coins can be highly speculative and volatility should be expected as with any new cryptocurrency. For investors with a long term horizon, Bonk presents an opportunity to get in early on a project with solid blockchain expertise behind it. Continued community building and real world integration will be important factors to watch in determining Bonk's viability and future price performance. #BONK to the MOON
Long
by Louissarry
2
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.
Short
by behdark
4
BONK/USDT | 1d 👀1. The coin's chart indicates a significant correction on shorter timeframes, suggesting a potential downtrend in the near future. 2. Decreasing volume signals a diminishing buyer influence. The waiting, the anticipation, the blood. ✅ Stay updated on market news and developments that may influence the price of Bonk_inu. Positive or negative news can significantly impact the cryptocurrency's value. ✅ Exercise patience and discipline when executing your trading plan. Avoid making impulsive decisions driven by emotions, and adhere to your strategy even during periods of market volatility. ✅ Remember that trading always involves risk, and there are no guarantees of profit. Conduct thorough research, analyze market conditions, and be prepared for various scenarios. Trade only with funds you can afford to lose and avoid excessive risk-taking. Not financial advice, trade with caution. #Crypto #Bonk_inu #Trading #BONK
by Nyskohuz
$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