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Bonk

Bonk is Undervalued by at Least 1000%The chart shows classic price correction but this idea is not about classic technical analysis. Under normal circumstances this bullish trade would be a process of several days or even a few weeks - dropping to resistance at 0.000015 and strong resistance at 0.000010. Then long in several strong waves. But... these are not normal circumstances. Bonk is in the news and for good reason such as being listed on Coinbase and Binance, but that's not why I am excited. BONK is undervalued to the point of bewilderment when you look under the hood and learn what is going on behind the scenes. Also, if you compare volume and turnover against the top 50 Cryptocurrencies it becomes even clearer. Dive deeper and discover how deeply connected BONK is with the Solana ecosystem and the projects BONK is aligned with. BONK is not just a meme coin. I understand there is a lot more to it than trading prices when comparing the value of one coin again another however, in my opinion BONK is more valuable than Doge and several other 'big' players in the crypto space. Currently CRYPTOCAP:DOGE is trading at around $0.09 and BONK is $0.000025 and some others a lot higher and way over valued in some cases. Disclaimer: I am not a financial advisor, this is simply an idea illustrating why I'm making my biggest investment of 2023 in BONK - when I told my friends today they thought I was crazy then I told them to put Bonk news into Google and get back to me... They want to know more now LOL :-)
Long
by UnknownUnicorn3901369
4
Will Bonk Price Fail To Maintain Recent High?The Solana-based meme token CRYPTOCAP:BONK strengthened its position in the market by ranking 69th on CoinGecko’s list of the most valuable digital currencies, marking a significant milestone as its market capitalization exceeded $1 billion for the first time. As CRYPTOCAP:BONK witnessed a skyrocketing surge in the last few hours, bears are now heavily shorting the meme coin, creating concerns of an immediate decline. Bonk’s Funding Rate Becomes Negative Bonk ( CRYPTOCAP:BONK ) experienced a massive 1,200% increase in its value over a month, crossing the $2 billion mark in market capitalization. This surge is thought to be partially influenced by its connection with the well-performing Solana. Additionally, the meme coin’s momentum was likely fueled by Coinbase announcing CRYPTOCAP:BONK ’s inclusion in its future plans and its listing on the platform. According to Coinglass, Bonk’s recent surge triggered a massive short-liquidation of nearly $1.6 million. However, its recent surge is now facing a halt as bears are increasingly opening short positions near the high. In the perpetual futures market linked to Bonk, traders are showing a bearish inclination as this meme coin struggles near resistance. According to Coinglass, the open interest and volume-weighted funding rates in perpetual futures have declined to -1.5%. This indicates that short positions, which gain from a decrease in price, are dominant. Traders holding these positions are prepared to pay those with long positions to maintain their bets on a price drop. Currently, Bonk is being heavily shorted; however, this increases the chances of a short squeeze. A short squeeze occurs when there is a sudden upward movement in price, triggered by bears closing out their bearish positions. This typically requires an unusually high level of bearish activity, as currently seen in Bonk perpetual futures. In these scenarios, even a slight increase in price can force short sellers to cover their positions quickly. This action can then create a bullish effect, further sending prices upward. The Future of CRYPTOCAP:BONK Price? CRYPTOCAP:BONK price faced resistance at $0.000035 as bears aggressively defended a surge and declined toward the 23.6% Fib channel. However, buyers aim to accumulate near the current dip. As of writing, Bonk price trades at $0.0000278, surging over 92% from yesterday’s rate. Should there be a significant recovery from the 20-day EMA, it would indicate that traders are actively purchasing during price dips. Following this, the bulls might attempt again to surpass the $0.000035 level. A successful breach could send the price toward another high. Conversely, this bullish scenario could be invalidated if the price continues to fall, breaking below the 20-day EMA. With the RSI hovering around the overbought region, short-term sellers are gaining confidence for a correction. Such a move might lead the price to drop toward its breakout point of $0.0000123. However, this level might see increased buying pressure.
Long
by DEXWireNews
BONK Surpasses DOGE and SHIB in Trading VolumeMeme cryptocurrency Bonk (BONK) outstripped trading volumes of its competitors, Dogecoin and Shiba Inu. The BONK meme cryptocurrency has surpassed both Dogecoin (DOGE) and Shiba Inu (SHIB) in 24-hour trading volume. BONK, a relative newcomer to the meme coin scene, has reported a staggering $1.37 billion in trading volume, overshadowing Dogecoin's $933 million and Shiba Inu's $225.8 million, per the latest data. This shift marks a significant milestone for BONK in the highly volatile meme coin sector of the cryptocurrency market. Rise of BONK BONK token, which has become the talk of the crypto town, saw its market capitalization briefly touch $3 billion following its listing on major exchanges such as Binance and Crypto.com. Arkham Intelligence reports that everybody is trading BONK today, with aggregated open interest on the token doubling from the previous day's lows after Binance announced its listing. Despite this surge, funding remains consistently negative, indicating a substantial number of traders are betting against the token, with $6.15 million of BONK liquidations occurring in just 12 hours. Nonetheless, BONK's price has soared by 85% in the past 24 hours. SOL challenging XRP Parallel to BONK's rise, Solana (SOL) has experienced a growth of over 5% in the same time frame. This uptick positions Solana on the verge of surpassing XRP by market capitalization. CoinGecko data suggests that Solana's valuation stands at an impressive $32.18 billion, inching closer to XRP's $34.20 billion. The success of BONE has also shone a spotlight on the Solana ecosystem's growing clout and potential within the broader cryptocurrency market.
Long
by DEXWireNews
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
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
ARK ADAM AND EVE PATTERN: CURRENTLY ON A CRITICAL KEY LEVEL In this chart of BINANCE:ARKUSDT , the coin is forming an Adam and Eve pattern looking at the historical movements, the coin is in a downtrend, and the market is indicating a bullish reversal for ARK. Currently, the coin is on consolidation around the pattern neckline area. It is a waiting game for the coin and in order for the pattern to materialize, we need to see a convincing confirmation of a breakout on the neckline on an hourly basis. I'll provide updates on the comment thread for more detailed technical analysis. Stay safe and happy trading!
Long
by luigi360swirl
4
BONK H&S 1000BONK UPDATE: 1000BONK created inverse head and shoulders pattern on 4hrs TF….. The neckline is currently serving as a major resistance but I’m looking into two scenarios here… First scenario: I will patiently wait for breakout from the neckline and take a limb from there after retest of the neckline Second scenario: I will wait for a pullback from here and take a long from 1hr TF unmitigated bullish OB around 0.004395 and long from there to previous swing high…. Follow for more market update
Long
by MICHELXM