BONK is Ready to Pump again🚀🦊There has been a lot of talk about memecoin BONK these few days (it has given about ➕ 700% profit in the last 30 days), so I decided to analyze the chart of this token for you in a 15-minute time frame. Maybe we can still make a profit from it.
📚 What Is Bonk (BONK) ❗️❓
🔸 According to the one-pager, BONK is the first dog-themed coin on Solana "for the people, by the people" with 50% of the total supply of the cryptocurrency airdropped to the Solana community. BONK is similar to Shiba Inu (SHIB) and Dogecoin (DOGE) memecoins, it was launched on December 25, 2022, and led to an increase in the price of the SOL token (a rise of 34% in 48 hours). Trading began on December 30, 2022, arousing genuine interest from the crypto community.
🔸The main goal of the team is to bring back liquidity to Solana-based decentralized exchanges (DEXs). The idea of the developers was to create a full-fledged community coin that will be used across all the dApps built on Solana, and each user will have the opportunity to become part of the ecosystem, "where everyone gets a fair shot".
🔸BONK was airdropped randomly to Solana NFT collectors, developers, and artists, other airdrop details remain unknown.
💡It was just 11 days ago that Anatoly Yakovenko , one of the founders of Solana Labs , expressed his regret that the company's Saga mobile phones were NOT sold. However, the company's official account announced today that all Saga mobile phones have been sold in the US , with only a few remaining in Europe . Referring to the amount of BONK tokens that each buyer of Solana's mobile phone will receive, Steven Zheng , director of research, said yesterday: "They want to buy Solana's phone Because the value of the BONK tokens they receive will soon be more than the phone itself.
📉From the point of view of technical analysis , it seems that the BONK token is moving in a Descending Channel .
💡 BONK also seems to be completing a 🦋 Bullish Butterfly Harmonic Pattern 🦋 near the 🟢 Support zone 🟢 and Support lines .
🔔I expect BONK to break the upper line of the descending channel after the Bullish Butterfly Harmonic Pattern completes [in 🟡 Time Reversal Zone(TRZ) 🟡] and at least rise( ➕40% ) to the 🔴 Resistance zone 🔴.
❗️⚠️Note⚠️❗️: In general, try to risk less capital on Memecoins.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Bonk Analyze (BONKUSDT), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Memecoin
FuFu Token, Chinese Fu DogWith inspiration drawn from the Chinese Fu Dog, this AI-backed meme token The dynamic world of crypto seems to have embraced an undying meme culture as part of its evolution.
With a fixed supply totaling 8,888,888,888.00 tokens, FuFu Token distinguishes itself as the first-ever AI-backed Chinese Fu dog meme token on the Ethereum blockchain.
Intriguingly, during the Chinese New Year, individuals traditionally place coins at the paws of Fu Dog statues as a gesture to invite good luck. FuFuToken aims to capture the essence of this cultural symbol and bring it into the decentralized world of cryptocurrency.
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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.
NEW: Hemule - Vitalik's CatHEMULE, THE BUTERIN'S CAT ( Meme)
Hemule is the beloved house cat of Vitalik Buterin!
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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.
$Wojak is the memecoin for 2024I called this a few weeks ago, Wojak has established itself as a real Meme coin. Doge was first, Shiba was 2nd, Pepe was 3rd, This is year 4 and we have a solid contender in $WOJAK. 11k wallets ( held about 10k the past 6 months ) , 17M market cap and great contract. There is a Wojak Meme Studio you can use to build any meme. This is the internet.
PEPE Coin $PEPE - Reclaiming levels FWB:PEPE
Here is what I currently see on this meme coin:
1) Accumulation (yellow) powered the move to break out of the first major resistance level and that area is now smoke in mirrors
2) Reclaim of a second major resistance level that price consolidated at for quite some time with high regard and next to zero deviations below it
3) Reclaim of 100 EMA
4) Current resistance rejected price, and now consolidating at the 618 fib and retesting the previous leg's high
5) Volume range profile showing price likes the current level (green dashed line) and this is derived from market volume, not by me. This is a key area to maintain.
Consolidate a bit more, reclaim resistance above and I think it is game on for this meme digital asset.
V
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.
PEPE / USDT Price Analysis (4h)OKX:PEPEUSDT Update 📈
The OKX:PEPEUSDT price is currently consolidating within a rising channel, hinting at a potential breakout on the horizon. Keep a close watch on the levels:
🔵 Breakout Levels: 140,000 and 165,344
The price is showing flag-shaped corrections within this rising channel, signaling a robust breakout from Fibonacci support levels.
Key support stands at 130,570, and there's a mid-term resistance at 208,500.
🔥 PEPE Inverse Head & Shoulders: Bulls Be Ready!PEPE has been consolidating all week. The most likely outcome is that PEPE will simply continue to go up over the next few weeks, but I want to prepare in case it doesn't.
In case that PEPE has topped (and BTC will go down), I'm looking at an inverse head & shoulders pattern to potentially play out over the next few months. My risky entry will be around the 82 level (June lows) with a target at 440.
Patience is key on this trade. If PEPE will make a new high in the next few weeks this signal will be cancelled.
BTC Bull Run AnalysisThe crypto market looks bullish in the long run, but it has been consolidating in the short term. BTC's price movement is being compressed for a good move in the short term. The SMA 25/150 is also giving a long signal.
Any Rally in the medium/long term requires it to break the 45000 mark, While any breakdown & closure below 38000 can harm the bitcoin rally in the medium/long term.
Until it stays within the range the supports and resistance marked in the graph are important levels to look for.
Target profit, stop loss, Risk Reward Ratio, and Position Size as per risk-taking potential.
The Market Fundamentals and Overall Crypto Market Sentiment should also be considered before any action.
Note: Not Investment/Trading Advice. Purely Personal Views. DYOR Before investing or trading. Not responsible for P&L arising out of this idea.
New: BYTEByte (BYTE) is a novel ERC meme token that creatively intertwines the worlds of cryptocurrency and popular culture.
Do your own research (DYOR).
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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.
Dragons are the most powerful creatures!!Let's take a look at Tsuka.
This is a meme coin, yes, a dragon meme coin.
Just by looking at the technicals of this coin, it looks like it could be turning the corner. There could be a fairly substantial move coming soon. Of course nothing is confirmed yet, especially on this time frame (weekly) other than the volume. The volume has spiked up in a big way this is confirmed for two weeks straight now.
The price action
The first week lead to a 100% move (mostly in one day) which did not hold as it sold off with that very large wick. The key to all of this is even though the sell off happened the volume has remained high price action has bounced again, while the technicals are still showing strength and gaining momentum.
Final analysis
Putting all the meme coin non sense and Japanese dragon lore aside, the technicals for this coin look strong. Although the weekly is a bigger time frame and is showing some signs of a reversal, the smaller time frames have also turned even more so. The 3day time frame is worth noting. On the 3 day the stochastics are showing the momentum gaining strength and are in the buy position, the MACD looks like it will cross in the next few days as the histogram is slowly creeping into the green from red. If this follows to the 5 day it should then all translate to the weekly.
My thoughts
Although still not a popular belief, bitcoin and crypto are in the early stages of a bull market. I think it will take sometime for Tsuka to work through some price levels and conquer some Moving Averages. As it grows and gains momentum and the trend flips, it will most likely move fast. This all could happen when the belief of Bitcoin comes back and investors realize the market isn't going much lower over the next few weeks. I think the risk of this coin going lower than it's recent price of of 3 cents is very low at this time.
As always, this is not financial advice. The Markets are chaotic and there is always risk of more down side.
Kind regards
WeAreSat0shi
Sonic's Crypto Spin - 5x in the making. Go Blue!Brace yourselves, crypto sorcerers, as we're about to witness a breakout more ferocious than Sonic the Hedgehog's legendary spin attack in the realm of "Harry Potter Sonic Obama 10 Inu Coin." Get ready for a technical analysis that's as wild as a hippogriff ride and as thrilling as a showdown in the Forbidden Forest.
In the cryptic tapestry of charts, a pennant formation is emerging, and the breakout is set to be as ferocious as Sonic's spin attack. Imagine the coin channeling the very essence of Sonic's speed, turning market barriers into a blur as it charges towards a magical horizon.
Technically speaking, we've unraveled a measured move from the pennant, foretelling a 5x rise from the breakout point. It's like Sonic revving up for a spin dash, ready to break through resistance like a hedgehog breaking the sound barrier.
Hold onto your wizard hats because this crypto journey doesn't end there. The coin's trajectory takes aim at the -1.618 Fibonacci extension, akin to Sonic's spin attack colliding with a swarm of rings. Breaking through this fib barrier is a quest worthy of a true crypto adventurer.
So, dust off your running shoes, secure your golden rings, and prepare for a breakout as ferocious as Sonic's spin attack, blended with the enchanting magic of Harry Potter and the charismatic flair of Obama. This crypto adventure is more thrilling than a Triwizard Tournament and promises rewards that even Gringotts would envy. Accio profits, and may the crypto spin be ever in your favor!
MEME breakout expected, easy 5-15% profit.Dear Traders,
According to 4h chart, it shows many bullish signs.
First of all, it is a bullish flag pattern which we can see.
The RSI is below 20 for 3 days, from there the price must go upwards.
The MACD also shows some weakness with selling.
The Ichimoku cloud always represent a support and ressistance. We will be ABOVE the green cloud in two period later (8h) so it is ready to be traded safely.
Kind note that this coin should be observed frequently, because it show a higher volatility from we the traders can catch profits. So keep your eyes open and start trading.
Check my analysis on this coin before.
Take it easy.
Good lock
MEMEcoin Bullish 1H candles! Act quickly!Dear traders,
it seems like the bears have exhausted with the memeusdt- chart, as we can observe in the 1h time frame.
Rsi bullish.
I think this could be an easy 1-5% profit at least, it depends on your strategy.
Keep youreyes open, currently there is a big chance of a massive retest of the crypto market. Act responsively.
Share your ideas!
Best of luck!:)
The virtue of crypto trading or how i earned 20% in 4hours.Dear Traders!
Welcome, and thank you for reading this thread.
I write here not only to share my opinion but to have a kind of storage of my current ideas to look back in the future. Because if i made a mistake or a great move, that are both useful for the future.
The story of today.
I've been observing memecoin for a month now, and thought many times after a major price surge that the correction will be significant, and it could not grow higher. Well if you check the chart, you will see that the characteristics of this coin is that having a rapid price move upward, some correction and then does it again.
So what happened today?
I saw that today is a moderate moving day, some of my alts showing little or no increase. But guess what happening to memecoin? It price decreased by 17%. Now that was the point that i decided to get into the market. I have checked my beloved indicator the RSI on 30 min and 1h time frame, and find out that it is super bullish. Next, I have invested a major amount into the coin, then wait and observe. The price for some reason made a full resurrection from -17% and currently while i'm writing this, it is around +1,2%. And at this particular level i have sold all of my assets, and now will wait what will happen next. (I am expecting a decrease!)
I really enjoying my large profit, and just try to avoid beeing greedy now and just wait patiently until another opportunity comes to my face, because i want to trade, not to hodl or to wait too much. The volatility of cryptocurrency is only bad and harmful for those people who don't understand the market and don't have the braveness to act.
Share your biggest succes story in trading if you wish, i am more than happy to read. And of course if you have some great idea on a wave we should ride, share it ! :)
Now, i will sit back and relax.
MEME COIN PRICE ANALYSIS AND NEXT POSSIBLE MOVE NEAR ME !!MEME Coin Next Possible Move Near Me !!
Using major indicators price look overbough on 1D &4H Chart but according to price action its bullish.
• I will look for future short trade when its price reach b/w 0.0465$-0.05$.
• Fundamentally its weak...if you take trade then make sure to set SL First Before entry &Don't use upto 1% fund
MEMEUSDT has left the fibs zone in a bull run. But bewareAs charted since 2 weeks ago, MEMEUSDT bounced around fibs zone, waiting for market sentiments.
That said, do monitor MEMEUSDT's price as BTC approches the 44-46 levels.
Despite the push up on BTC, 44 and 46k levels are strong high timeframe resistance zone. Also, there isn't anything on fundamentals that explains the push logically.
Prepare for liquidity grab.
Shibburn Explodes by 499,416%, Placing SHIB on Verge of BreakoutSHIB dwells around the $0.000008 support area as Shibburn goes parabolic.
Shiba Inu’s official cryptocurrency burning tracker, Shibburn, reported an unforeseen surge in SHIB burning over the last 24 hours. A whopping 264,204,009 SHIB tokens were set ablaze, totaling $2,245 in 13 transactions to dead on-chain wallets. Five hours ago, one Good Samaritan burned 261,408,966 tokens in a single transaction; the SHIB community praised the move on X (Formerly Twitter).
The price roller coaster for Shiba Inu escalates with the canine coin sustaining the $0.000008 key support line for five days in a row. As most altcoins face a slight market correction this Monday afternoon, SHIB picked up 1.3% gains in the last 24 hours and now trades at $0.00000846, according to independent price aggregator CoinGecko.
SHIB Monthly Upswing Bolstered by Shibarium
Besides the burn count, another significant reason for SHIB’s 8.6% monthly increase is Shibarium. The Layer-2 scaling network solution shows high demand for usage in several key metrics: crypto wallet addresses, total transactions, and average block production time.
Currently, Shibarium L2 encompasses over 1.2 million cryptocurrency wallets, while the transaction count recently hit 4,206,686, according to the on-chain signals provided by blockchain explorer ShibariumScan.io.
Shibarium’s average block production time has increased from five seconds to 8.3 seconds, and it currently has 1.83 million on-chain blocks in creation. Notably, this slightly prolonged block production time is concurrent with the increased developer activity on the network
Why This Matters
Cryptocurrency burning is an efficient way of maintaining the coin’s long-term price. Layer-2 blockchains offer builders a wide range of scaling options, while memecoins can expedite this innovation through mass appeal.
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Elliott Wave IDEAL projection if there is an impulse up and double ZigZag down.
Cheers.
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Well the laggard finally popped!
The waves are not super clear to me tbh.
But holding 1680 is a nice start here to prove its not just a pop and drop.
If it starts breaking below would lean towards the flat on the left.
But a nice pump non the less I am in and ready for it to go! up 34% atm.