BONK BULLISH after Value Area Low flips to support!When taking a look at bonk we can see that it is showing a sign of strength.
It has reclaimed the POC and trend line. Once the VAL is flipped into support, there’s not much stopping this project from reaching the POC 22% higher from these levels.
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Bonk
Market Update 3/1/2024Too lazy to type again. Just watch the video. Its pretty straight forward.
As before, Id still like to see a drop back to the day TF hulls .
I am hoping this corresponds to MARA starting under 21.5 and then I can grab it when we start a week back above 21.5. And by above, I dont mean 25-30% above like it did last week.
BONK 4H BEARISH TRIANGLE : DUMP UPCOMINGWith Bonk's reversal from the 0.0001800 area, we can construct a clear bearish triangle on the chart. Bearish triangles often break bearish to make new lows, so that's going to be the idea behind the trade.
Wait for the price to close below the triangle's support area. Looking for a move towards the 0.0000900 range.
Might be far-fetched, but this token did a massive 200x in a matter of weeks, so a big correction is to be expected at some point.
🔥 BONK Bearish Triangle: Preparing For DumpWith Bonk's reversal from the 1800 area, we can construct a clear bearish triangle on the chart. Bearish triangles often break bearish to make new lows, so that's going to be the idea behind the trade.
Wait for the price to close below the triangle's support area. Looking for a move towards the 380 range.
Might be far-fetched, but this token did a massive 200x in a matter of weeks, so a big correction is to be expected at some point.
BONK Introduces PooperScooper to Streamline Asset Management$BONK introduces 'PooperScooper' for easy asset management, marking a major leap in meme coin utility and user convenience.
Solana’s meme coin, BONK, recently introduced a new feature, dubbed ‘PooperScooper,’ to streamline user interactions and asset management within its ecosystem. This latest development represents a significant step in BONK’s ongoing efforts to expand its reach and utility in the competitive world of digital currencies.
‘PooperScooper’: Simplifying Asset Management
The ‘PooperScooper’ feature, a notable innovation within the community, aims to provide users with an efficient tool for managing their digital assets. This functionality allows individuals to quickly identify and organize tokens no longer aligned with their investment strategies. The feature enhances convenience and user engagement by enabling users to convert these assets into BONK seamlessly.
The community’s response to the introduction of ‘PooperScooper’ has been overwhelmingly positive. This enthusiasm underscores the growing demand for user-friendly tools in cryptocurrency, particularly within the meme coin sector, where simplicity and accessibility are critical.
$BONK’s Growth Trajectory
Despite being a newer entrant in the meme coin market, BONK has shown remarkable growth and resilience. Compared to its more established counterparts like Shiba Inu (SHIB), the coin has demonstrated a significant surge in value, boasting a 6,761% increase over the past three months. This growth trajectory speaks volumes about the coin’s potential to challenge the dominance of other prominent players in the meme coin arena.
The introduction of ‘PooperScooper’ is a testament to $BONK’s commitment to innovation and a strategic move to bolster its position in the cryptocurrency market. By continuously enhancing its offerings and focusing on user experience, $BONK is steadily carving out a niche among digital currency enthusiasts.
BONKUSD: More downside now but buy opportunity on the 1D MA200.Bonk is pivoting around the 1D MA50, on a neutral RSI = 47.450. Only a 1D MACD Bullish Cross constitutes a buy signal and we expect that to be near the 1D MA200 and the 0.382 Fibonacci level. We will buy once those conditions are fulfilled and target the -0.382 Fibonacci extension (TP = 0.000260), a +6.100% rise like the one from November to mid December.
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BONK Tokens and SOL Phones: Why the Surge in Solana?The tl;dr of the recent surge in CRYPTOCAP:SOL and $BONK is the Solana Phone Rebate - the potential for buyers to make more money than the initial asking price of $599. Once the token drop of 30M that came with each purchase exceeded the cost of the phone itself, it created a frenzy that has driven the price of both coins at once.
The question is - will it last? Solana developers and core team members were airdropped enough tokens to make potentially millions if they manage to sell off at the right moment. This would be your classic rug-pull strategy, which the project is already known for due to past scandals. Or will things be different this time? Time will tell. 👀