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Bonk / Tether USD on BSC (0x2f74ad2c64be7DC07C9f51E9d338EcB7C1ee0B18)

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BONKUSDT_2F74AD trade ideas

Coinbase Announces Listing of Solana’s $BONK TokenCoinbase adds BONK token to its listing, joining the ranks of top-performing meme coins despite failure to ignite price surge. Coinbase has officially added the BONK token to its listing. BONK, a dog-themed token operating on the Solana blockchain, has gained substantial momentum in the digital currency market. BONK’s Price Analysis The addition of BONK to Coinbase’s portfolio follows a notable 350% surge in its value over the past month. This impressive growth has catapulted BONK to the forefront of dog-themed cryptocurrencies, a niche but increasingly popular sector within the broader crypto ecosystem. Despite the listing, BONK has been in a retracement for the previous 24 hours after failing to break over the 24-hour high of $0.00001311. As a result, the price of BONK fell to an intra-day low of $0.000009254, where support was established. BONK was trading at $0.00001051 at press time, down 13.57% from its 24-hour high. However, BONK has distinguished itself by outperforming established counterparts like Dogecoin (DOGE) and Shiba Inu (SHIB). Its recent 354% increase in value is a testament to its growing appeal among digital asset investors. Coinbase’s decision to list new assets like BONK stems from its commitment to transparency. The exchange aims to disseminate balanced information, ensuring investors are well-informed about potential opportunities and risks. However, Coinbase cautions users against premature deposits of these emerging tokens to avoid the risk of potential fund loss. In addition to the rise of BONK, Solana’s blockchain has made headlines with its impressive trading volume. Recording $924.7 million in 24 hours, Solana has outperformed other networks like Arbitrum, Binance Smart Chain, Polygon, Avalanche, and Thorchain in on-chain trading activity. Ethereum, however, continues to lead with a trading volume of $1.3 billion in the same timeframe. This addition of BONK to Coinbase reflects the growing diversity of assets in the crypto exchange’s portfolio. It highlights the evolving landscape of digital currencies, where meme coins are increasingly gaining serious attention from investors and major trading platforms.
Long
by DEXWireNews
1
The Bonk Price May Wipe Some of Its Gains in the Next Few Days$BONK experienced a peak at $0.0000149068 on December 9th but has not revisited this level since then. Over the subsequent days, the price of this meme coin entered a period of consolidation, fluctuating between the range of $0.0000089940 and $0.0000149068. If this period of stagnant trading persists, it's possible that traders may opt to liquidate their holdings in the cryptocurrency. If selling pressure emerges, it's likely that the Bonk price will test the immediate support level at $0.0000089940. This level is particularly noteworthy because it coincides with a medium-term positive trend line that has been forming on BONK's daily chart over the past few weeks. A breach below this threshold could expose BONK to the risk of a significant price decline. Under this bearish scenario, there's a possibility that the meme coin could drop as low as $0.0000046040 in the short term. However, this pessimistic outlook could be invalidated if the Bonk price manages to close a daily candle above $0.0000149068 within the next 72 hours. Indicators Suggest a Potential Pullback Traders and investors should monitor the daily Moving Average Convergence Divergence (MACD) and the daily Relative Strength Index (RSI) indicators. Both of these technical indicators are indicating the likelihood of a pullback in the Bonk price in the coming days. Despite the MACD line currently positioned well above the MACD Signal line, the MACD Histogram's negative slope could be an early indication of a reversal towards a bearish trend. Additionally, the RSI line is showing signs of potentially crossing below the RSI Simple Moving Average (SMA) line. Should these two lines intersect within the next 48 hours, it may signify a shift in market sentiment in favor of bears.
Short
by StevenWalgenbach
Elliott Wave ABC-Zigzag that led to a remarkable 4000% gainsHello traders and investors worldwide! Today, let's focus on a crucial Elliott Wave Pattern – the Zigzag. This corrective pattern, part of the trio, presents a high-probability trade if identified accurately. It involves an ABC decline, where waves A and C resemble an impulse (or diagonal), while B can be any corrective pattern. In the case of BONKUSDT, a careful analysis reveals that the A wave decline takes the form of a type 1 diagonal, the B wave forms a triangle, and the C wave follows a regular impulse. A break above the B extreme suggests an imminent reversal, leading to a rise above the initial pattern, possibly reaching a new all-time high (ATH). While Elliott Wave might seem complex, especially for beginners, it offers a comprehensive market perspective. Until next time, trade safely, and may the market favor you. If you find this helpful, consider leaving a like and comment.
by maonimisi
BONK/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BONK/USDT update from Crypto Sanders. Chart Analysis:- The surprise of the past two months is BONK, the biggest meme token on the Solana network. The price has not stopped pumping since late October and booked an eye-popping 187% increase this week alone. With such a performance, it is almost impossible to guess where BONK will top or decide to correct. Considering the market sentiment after a 70x increase from its all-time low, this Solana token could continue to rally. Looking ahead, meme tokens are back in the spotlight, and BONK holders have the time of their lives. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
Bonk still stuck below 1.272 Fibonacci ResistanceBonk has remained below Fibonacci extension level since Dec.8, showing little to no signs of life. ..................................................................................................................... We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature. and are therefore are unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
by CryptoTrend-Alerts
Bonk After Last Successful Trade. We Try Again**Fundamentals** Bonk (BONK) is a meme coin that launched in December 2022 on the Solana blockchain. It is a decentralized governance token that is used to power the Bonk ecosystem. The Bonk ecosystem is a community-driven initiative that aims to provide a fun and engaging way to interact with the Solana blockchain. **Recent News** * **BONK price has surged by over 4,000% in recent weeks.** This is due to a combination of factors, including the growing popularity of meme coins, the hype around Solana, and the active marketing of BONK by its community. * **BONK is being integrated into a number of Decentralized Applications (DApps) on Solana.** This will make BONK more widely available and increase its utility. * **BONK is also being accepted as a payment option for a number of NFTs.** This will further increase the adoption of BONK and make it more valuable. **Disclaimer** Please note that Bonk is a highly speculative asset and there is no guarantee that it will succeed. Investors should carefully consider their own risk tolerance before investing in BONK. **Here are some additional things to keep in mind:** * Bonk is a relatively new project and there is limited information available about its development team and roadmap. * Bonk has a high market capitalization relative to its circulating supply. This means that the price of BONK could be more volatile than other coins. * Bonk is a meme coin and its value is largely driven by hype and social media trends. This could make it more susceptible to sudden price swings. Investors should carefully consider these risks before investing in Bonk.
Long
by MoonTradingForecast
1
Bonk Ready Again After Giving Us A Good Profit in Last Trade??Welcome to our crypto exploration hub! We're here to navigate the exciting world of digital assets, providing you with comprehensive insights into market dynamics and potential trading opportunities.Our mission is to decode the crypto market's mysteries and equip you with the knowledge you need to make informed investment choices. From the latest developments in Bitcoin to the hidden potential of various altcoins, we're your trusted source for daily technical analysis.While technical analysis is a valuable tool, it's important to remember that it's just one piece of the puzzle. We encourage you to take a well-rounded approach to your investments, considering factors like macroeconomic trends, news, and community sentiment.Join us for the freshest analyses, and don't hesitate to join the conversation in the comments below. Keep in mind that our content is purely for educational purposes and should not be construed as financial advice. Always integrate it into your broader investment strategy."
Long
by MoonTradingForecast