Bonk on ETH priceBONK

Bonk ($BONK) analysis against USD highlights a significant shift in market structure following a breakdown from a well-defined parallel channel. Throughout most of 2024, $BONK moved within this ascending channel, using its trend lines as dynamic support and resistance. According to analyst Ali, BONK is closing in on the $0.000009 target after breaking out of a parallel channel. $BONK is closing in on the $0.000009 target after breaking out of a parallel channel! pic.twitter.com/ND2xkbPBPZ The cryptocurrency is currently trading at $0.000013495, reflecting a 1.3% gain, but this minor recovery does not change the broader downward momentum.The support level is observed near $0.00001314, where buying interest has kept the price from falling further. On the upside, $0.00001373 acts as the resistance level, where selling pressure has capped further gains. Currently the market remains in a holding pattern because traders are waiting for prices to break out from their constrained trading range. If bullish sentiment strengthens and volume increases, BONK could breach resistance and move towards $0.00001400 – $0.00001420. Conversely, if selling pressure intensifies, the price could dip to test the $0.00001310 – $0.00001300 support zone. Data from Coinglass show that BONK traded at low volumes throughout a span from late July to early October as it remained within the $100M to $300M range without substantial price variability. Trading volume reached a significant peak during late October at the same time that prices exhibited a major upward change. The daily trading volume of BONK reached near $1 billion on November 24 while prices demonstrated a major upward trend at that time. Throughout December and January, BONK saw periodic volume spikes, though they were significantly lower than the late-November peak. The market’s successive price highs were progressively declining which indicated weakening bullish price action. The trading activity along with market interest decreased between mid-February as both volume and price declined toward $50M. Reduced trading activity appears likely when volume levels stay low since it indicates limited market participation. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

The next #100x is coming! You must find it..! Guess which memecoin??🧐🚀 $PI $DUKO $FWOG $GIGA $CORE $PAIN $IO $TRUMP $BONK $HOOD $FU $DOGE $BRETT $MOODENG $LYNC $AKIDS $VINE $TTG

Short-term $BONK holders at record losses! Is there more pain ahead? Bonk was caught in an intense downtrend in recent months, but a 15% price bounce could occur in the coming days. BONK short-term holders were at a massive loss due to the relentless downtrend A recovery was not in sight, and leading memes needed to lead the sector’s recovery The memecoin market has performed abysmally in the past month, and Bonk [BONK] was in a steady downtrend. Data from the crypto data platform Artemis showed that a sector performance in crypto over the past month placed memes as some of the worst performers. The memes have seen a 41% drop in the fully diluted market capitalization. The average performance in the past month was -30.2%, and Bitcoin.

Bonk ($BONK ) has surged +14.01%,reaching 0.00001522 USDT,with a 24-hour high of 0.00001523 USDT.The breakout above the Bollinger Bands and moving averages signals strong bullish momentum. Key Indicators: Volume spike confirms strong buyer interest. MACD bullish crossover suggests continued upward momentum. Resistance at 0.00001550 USDT,support at 0.00001380 USDT. If buying pressure holds,$BONK could see further gains.However,traders should watch for possible pullbacks.

SOL is looking strong, ETF approval could be coming soon. @KarateCombat, a real-world sports league with 6M+ followers just integrated on Solana. Creating an IRL BONK Stadium as well. $KARATE could bottom really soon. The worst case scenario will be a bear trap below the major support level before reversal. On the upside, a breakout above $0.0003 will kickstart a new rally 🚀