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PONKE/Tether USD PERPETUAL CONTRACTPONKE/Tether USD PERPETUAL CONTRACTPONKE/Tether USD PERPETUAL CONTRACT

PONKE/Tether USD PERPETUAL CONTRACT

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PONKEUSDT.P trade ideas

PONKE - Time To Short The Monkey Meme CoinQuite a clean setup here. PONKE has had a heavy whipsawing pivot at the reverse 1.618 Golden Window taken from the 2 extremity pivots of accumulation . This topping pivot also prints a bull trap shakeout through the upper wedge trendline; tapping into higher liquidity beyond, triggering stop losses, then ripping back again. And now PONKE appears to be breaking down from a low time frame continuation pattern. This is exactly what the Pure Price Action gang look for as an entry. This is all while TOTAL is tight rope walking a limp ascending channel ;looking ready to dump hard. When it does it should be lights out for PONKE, at least in the short term. I am trading this with a x7 leverage short which has a liquidation way up above the top @ $0.175. I think I can hold this down to support @$0.11 or maybe more - we'll see 👍. Not advice
KUCOIN:PONKEUSDTShort
by dRends35
1
BONANZA BOYS EP 4: inky pinky PONKEinky pinky PONKE father had a donkey donkey died father cried inky pinky PONKE technical analysis aint my style but with this crypto i didnt know how else to gain information to determine what i ususally do someone calling me a shxx coin gambler cause they dont understand what we about we dont do crypto aside from bitcoin cause there is no real product that said PONKE is a degenerate gambler on the solana network ayee in a sense we are PONKE (call me a gambler i dare you) in all these flyby night currencies before we bump the word KRYPTO remember that it is also a currency and bitcoin will be the only one in the end (cause it is the US government) eth dies with vitalik and everything else is just a joke literally call themselves (memes) these arent lotto tickets they are supposed to be currencies decentralised but seems like btc,eth are the only payment solution everywhere i go everything else is just PONKES devoting this to some random crypto i did slight research on like a true PONKE may this bonanza be one for the books like all the others so far and we dont get wojaked
MEXC:PONKEUSDTLong
by Bekiumuzi_Dube
PONKE the Next Big Meme Coin? Potential Gains Await! 12/08/24At certain market phases, smaller coins can yield higher returns than larger ones, as they are capable of significant growth over a short period. One such asset is #PONKE. I always look for meme coins like #PONKE with low market caps and modest prices. For instance, #PONKE has a market cap of approximately $300 million, with its current price sitting at $0.56. This indicates that the coin is still in its growth phase and holds potential for further price increases. Targets: 1 - $1.02648 2 - $1.24404 3 - $1.48259 4 - $2.07540 DYOR.
BYBIT:PONKEUSDTLong
by trendbooster
A massive incoming bullish move for $PONKEUSDTSo MEXC:PONKEUSDT has finally broken out of the falling wedge it has been forming for a while now. After making about 88% move on its first bullish wave, it retraced and then went into consolidation, thereby forming a falling wedge. So it has finally broken out of the wedge and we expect it to explode just like other coins for the second wave of its bullish trend. An immediate buy entry at $0.58 with say another 88%-100% measured move just like the first bullish wave, will make MEXC:PONKEUSDT push to $1.10 and this will give a decent 1:5 RR bullish setup. Parameters Entry: 0.58 TP1: 0.70 TP2: 0.84 TP3: 1.00 TP4: 1.10 SL: 0.48
BINANCE:PONKEUSDT.PLong
by Kene247
1
Ponke Surges 20% Following Major Listing: Is $1 the Next Stop?The cryptocurrency market is buzzing as Ponke ($PONKE), a Solana-based meme coin, experiences a remarkable 20% surge following its listing on Bithumb. This significant milestone has brought fresh attention to $PONKE, with traders now eyeing the $1 pivot as the token continues to gain traction. Bithumb Listing Fuels the Rally The listing of $PONKE, alongside Raydium ( NASDAQ:RAY ), on Bithumb's KRW market marks a pivotal moment for these Solana-based tokens. Announced on November 19, the addition of $PONKE and NASDAQ:RAY to one of South Korea's largest crypto exchanges underscores the growing adoption of Solana’s ecosystem. Key Listing Highlights - Increased Market Access: $PONKE’s listing expands its trading reach, attracting interest from South Korean investors. - Regulated Trading Entry: Bithumb imposed controlled transaction restrictions, limiting volatility during the initial phases of trading. - Rapid Trading Support: Deposits and withdrawals for $PONKE were enabled within three hours of the announcement, with full trading launched shortly after. This increased exposure has amplified $PONKE's market presence, driving its price upward as traders capitalize on the newfound liquidity. Technical Outlook: Ponke’s price action reveals a bullish trajectory, with key technical indicators aligning to support the potential move to $1 and beyond. As of writing, $PONKE is trading at $0.785, up 10.36% in the past 24 hours. The token has surged from a low of $0.68 to a high of $0.84, with trading volume reaching an impressive $115 million. Similarly, $PONKE has broken above the ceiling of its symmetrical triangle pattern, signaling strong upward momentum. The emergence of a golden cross pattern—a short-term moving average crossing above a long-term moving average—further supports the bullish outlook. With the Relative Strength Index (RSI) at 81, $PONKE is firmly in overbought territory. While this typically suggests caution, it also reflects intense buying interest. Key Levels to Watch: Immediate resistance lies at $1, a psychological and technical milestone. If $1 is breached, $PONKE could rally to $5, driven by increased open interest and strong Solana network fundamentals. Broader Market Context: Solana’s Growing Dominance The rise of $PONKE coincides with the broader success of the Solana blockchain, which has been making headlines for surpassing Ethereum in transaction fees. Solana’s high throughput and low costs have solidified its position as a go-to platform for decentralized applications and tokens like $PONKE. Impact of Exchange Listings Listings on major exchanges often provide significant boosts to crypto assets by increasing their accessibility and visibility. Historical examples, such as BAN’s 80% surge following its Binance Futures listing, highlight the transformative potential of such events. What’s Next for $PONKE? $PONKE’s surge following the Bithumb listing signals strong market interest, and the technical setup suggests further upside potential. While short-term caution is warranted due to overbought RSI levels, the token’s fundamentals and Solana’s growing ecosystem provide a solid foundation for continued growth. As $PONKE consolidates its position, its trajectory will depend on continued interest from traders, broader market sentiment, and Solana’s sustained dominance in the blockchain space.
MEXC:PONKEUSDTLong
by DEXWireNews
PONKEUSDT: accumulation in LTF, Breakout in HTF!!Join our community and start your crypto journey today for: In-depth market analysis Accurate trade setups Early access to trending altcoins Life-changing profit potential Let's analyse PONKEUSDT technically. PONKE has successfully breached the trendline and is now trading above it. Additionally, it has bounced off the upward-sloping support level. The price is currently being held by the 100-day and 200-day EMAs. PONKE has broken out of a pattern and is consolidating above a key support level. Key Levels: Support: $0.376 to $0.297 Resistance: $0.539 $0.682 If you find this analysis helpful, please hit the like button to support my content! Share your thoughts in the comments and feel free to request any specific chart analysis you’d like to see. Happy Trading!!
MEXC:PONKEUSDTLong
by persis10t
2
PONKE Price Skyrockets 19% on Binance Support, What’s Next?The Solana-based memecoin, Ponke (PONKE), made headlines today after a significant 19% surge, spurred by Binance’s announcement of a USDⓈ-Margined PONKEUSDT Perpetual Contract. This development, however, comes with a nuanced backdrop of both technical and fundamental aspects that traders must consider. Major Catalyst: Binance Futures Listing On November 4, 2024, at 12:30 UTC, Binance will officially launch the PONKEUSDT perpetual contract, offering traders the opportunity to leverage positions up to 75x. With a tick size of 0.00001 and a capped funding rate of ±2.00%, this move has the potential to drive significant trading volume and increased market activity. The contract will support Binance's Multi-Assets Mode, allowing users to use BTC as collateral, thereby providing additional flexibility for high-stakes margin trading. The flexibility offered by Binance could elevate PONKE's market visibility and strengthen its appeal to both retail and institutional investors. The announcement sparked an immediate rally in PONKE's price, highlighting how impactful such listings can be. However, as markets often demonstrate, short-term exuberance is not always sustained. As of now, PONKE is down 8.51%, and it appears that the bullish sentiment has cooled off. Current Technical Analysis: Bearish Signals Emerge Following the brief 19% price surge, PONKE has entered a bearish trend, as indicated by the bearish harami candlestick formation—a pattern that usually signifies a potential reversal. Trading at $0.39, PONKE is showing clear signs of weakening. The Relative Strength Index (RSI) stands at 41, indicating fading momentum and hinting at an approach towards oversold territory. If the market continues to lose confidence, a test of the critical support level at $0.39 seems likely. Failure to hold above this support could accelerate the decline, with downside risk extending to its 1-month low of $0.26. The broader market sentiment also plays a crucial role here. Should Bitcoin (BTC) struggle to break through the significant $70K resistance, PONKE may face further bearish pressure. Leveraging the Solana Ecosystem On the fundamental side, $PONKE benefits immensely from being built on the Solana blockchain, known for its high-speed, low-cost transactions. This technology is a key selling point for PONKE, as it appeals to online traders and gaming enthusiasts who require seamless and efficient transaction processes. Moreover, the #ponkyarmy community has grown into a force to be reckoned with, engaging in governance roles and actively promoting the token across social media. This vibrant community support is crucial for the token’s sustainability and long-term appeal. The unique tokenomics of PONKE, characterized by deflationary mechanisms and strategic liquidity injections, add another layer of attraction. However, despite these advantages, the token remains vulnerable to broader market trends and sentiment, especially in a landscape where major assets like BTC heavily influence altcoin performance. Conclusion The recent 19% rally demonstrates the impact of Binance’s support on PONKE, but caution is warranted. The coin’s bearish technical indicators suggest a possible test of lower levels, especially if the market fails to regain momentum. Traders should keep an eye on BTC’s performance, as a strong move from the leading cryptocurrency could uplift sentiment across the market, benefiting altcoins like PONKE. On the other hand, a failure to break critical resistance levels could accelerate PONKE’s decline. As always, the interplay between technical signals and fundamental developments will determine the coin's trajectory.
MEXC:PONKEUSDTShort
by DEXWireNews
PONKE — Gearing Up For The Next Pump?Ponke (PONKE) might be gearing up for its next move after a period of consolidation following its massive pump in early October. Here’s what to watch as the token forms a symmetrical triangle—potentially setting the stage for a bullish breakout. Let's dive into all details! ▸ About + Tokenomics - Token Name: Ponke - Symbol: PONKE - CoinMarketCap Rank: 229 - Market Cap: 224M - Volume 24h: 11M - Total Supply: 555M - Circulating Supply: 555M ▸ Chart Analysis PONKE experienced a massive pump during the memecoin hype at the beginning of October. At that time, the token’s price increased by more than 50%. The price was rejected at the 0.44 resistance. Afterward, the token entered a consolidation phase and has been forming a symetrical triangle with decreasing volume since then. The pattern is generally considered as a neutral consolidation pattern. However, based on the current sentiment a bullish breakout seems likely. ▸ Technical Indicators - MACD: Bearish 🔴 - RSI: Neutral 🟢 - VMA: Neutral 🔵 - Triple EMA: Price trades between EMAs 🔵 - ADX: 21, indicating no trend 🔴 ▸ Trade Setup - Entry: Wait for a breakout of the pattern to the top driven by a strong volume increase. To be on the safe sid, you can also wait for a break of the 0.44 resistance. - Profit Target 1: $0.5 (~13% based on the resistance) - Profit Target 2: $0.55 (~25% based on the resistance) - Stop Loss: Depending on the entry, slightly below the upper triangle trendline or resistance.
BYBIT:PONKEUSDTLong
by ben_walther