BONK Price Compression Signals Imminent ExpansionBONKUSDT continues to respect its ascending channel structure, recently bouncing from the immediate demand zone. We're eyeing a possible retest of the projected sell-off zone where the next big move will be defined. A bullish breakout here could ignite a rally toward the 0.00096906 mark, while rejection may drag price down to the strong demand zone at 0.00000365. All eyes on this key range—BONK’s next macro impulse is loading. Let’s see how it unfolds.
BONKUST trade ideas
#BONK: Riding the Hype of Solana’s Meme Token*Description**:
This trading idea centers on **BONK**, a meme-based cryptocurrency built on the **Solana** blockchain that has gained popularity for its community-driven nature and viral appeal. As Solana continues to grow in adoption due to its speed and low fees, tokens like **BONK** benefit from network momentum and visibility. Unlike many meme tokens, **BONK** is increasingly being integrated into various DeFi and NFT ecosystems, giving it utility beyond speculation. Its fair distribution model and strong engagement from developers and users make it a notable player in the meme coin space.
Despite its growth, it’s important to recognize that meme tokens like **BONK** are highly volatile and influenced heavily by community sentiment, social media trends, and broader crypto market cycles. The potential for high rewards comes with high risks, and price movements can be unpredictable and rapid.
**Disclaimer**:
This trading idea is for educational purposes only and does not represent financial advice. Investing in cryptocurrencies like **BONK** involves significant risk, including the possibility of total capital loss. Always perform your own research, understand the dynamics of the token, and consult a licensed financial advisor before making any investment decisions. Past performance is not indicative of future results.
BONK Bottoming? Key Monthly Support May Trigger Bullish ReversalBONK is currently trading in a manner that suggests a significant shift may be underway. After a prolonged downtrend, the monthly chart has printed a potential double bottom at a key support level. This classic bottoming pattern could be the foundation for a bullish reversal if the structure holds and confirms a bullish retest in the coming sessions.
Key Points Covered in This Article:
BONK has formed a double bottom on the monthly timeframe
A bullish retest above support would confirm a higher low
Potential for a rotation back toward February’s highs if structure holds
Price action is currently hovering above the double bottom support zone, which has been respected twice, forming a strong base. If this level continues to hold and a bullish retest confirms, this would indicate a new higher low — a bullish market structure shift after a lengthy corrective phase.
Structurally, BONK appears to be trading within a defined range, and the recent lows may mark the bottom of that range. A move above the February 25 high would validate the range structure and open up the pathway for a sustained rally, potentially targeting higher resistance levels on the weekly and monthly timeframes.
However, volume and momentum confirmation will be key. A breakout without strong volume could risk a deviation and trap traders. On the other hand, a clean retest and follow-through could offer an optimal long setup for those seeking exposure to the next leg up in BONK’s price action.
What to Expect in the Coming Price Action
Traders should watch for price to hold above the double bottom zone and look for confirmation via a bullish retest. If successful, BONK may begin a rotation toward the February highs and beyond, presenting a potentially strong mid-term trading opportunity.
Bonk AnalysisMany believe that the market has grown and has ended a few thousand percent, but I believe that the main market growth has not yet begun, so it is up to it that whatever has been given to it.
Bonk is one of them.
Everything in the characteristic picture.
This is just a prediction, not a prophecy
Bonk at Floor Price - 2x to 3x Pump Incoming?SEED_DONKEYDAN_MARKET_CAP:BONK has retested its 2024 floor price at $0.00001 - a zone that previously triggered strong upward moves. Could this be a reliable support once again and spark a 2x to 3x bounce from current market price at $0.00001135?
What's your take - bounce or breakdown from here?
Share your thoughts below!
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BONKUSDTmy entry on this trade idea is taken from a point of interest above an inducement (X).. I extended my stoploss area to cover for the whole swing as price can target the liquidity there before going as I anticipate.. just a trade idea, not financial advise
Entry; $0.00001183
Take Profit; $0.00001040
Stop Loss; $0.00001310
#BONK: Riding the Hype of Solana’s Meme CoinDescription:
This trading idea is centered on BONK, a meme coin that has rapidly gained popularity within the Solana ecosystem. Designed as a community-driven token, BONK benefits from strong engagement, widespread airdrops, and increasing utility within Solana’s DeFi and NFT markets. As meme coins often thrive on social sentiment and viral adoption, BONK has positioned itself as a potential high-reward asset, fueled by its active community and integration into various Solana-based platforms. The token's association with a fast, low-cost blockchain like Solana adds further appeal.
However, meme coins are highly speculative and subject to extreme volatility, making them particularly sensitive to market sentiment, trends, and broader crypto fluctuations. While BONK presents significant upside potential, investors must approach with caution, as price movements can be unpredictable.
Disclaimer:
This trading idea is for educational purposes only and should not be considered financial advice. Investing in cryptocurrencies like BONK involves substantial risk, including the potential for total capital loss. Always conduct thorough research, evaluate your financial situation, and seek professional financial advice before making investment decisions. Past performance is not indicative of future results.
BONK USDTBonk ( SEED_DONKEYDAN_MARKET_CAP:BONK ) Current Market Overview🚀
Bonk (#BONK) is currently trading at 0.00001335 USDT, experiencing a sharp correction but approaching a strong demand zone. The price has been in a falling wedge pattern, a classic bullish reversal signal.
Support Zone: 0.00001000 - 0.00001300 (Potential Accumulation Area)
0.00006764
BONK to the Downside- Same chartLooks like my downside prediction is playing out, unless it regains the trend line
Not sure about the downside risk, but possible consolidation range near or in the current area.
I remain with a small bag under MIL:1K , down 24%. No worries, will watch for a bottom pattern to form before loading for the last unload.
Not financial advice, just for fun...GTLA
On the Hourly we need a miracleGood day Team:
We hope all is well.
BONK needs price movement beyond the 0.00001886 price to get back into bullish momentum and to recover from that double top.
If we can get that MACD crossover with some bullish reversal candles we may have hope.
Hopefully, the bottom indicator also gives us some good news.
Please see chart for visual explanation.
BONK Deep CorrectionI'm considering that the move up from last September was impulsive (blue 1-5), and the downtrend movement is corrective (blue WXY).
This is valid as long as we stay above the pink line.
There is still no indication of a reversal for a long trade trigger.
Major resistance to be broken sits at 0.00004 (green zone).
BONK: Keep an eye on this level!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 $0.0000366 and take profits at the levels shown in the chart.
Targets:
1. $0.0000382
2. $0.00004
3. $0.0000435
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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!