Ah, the infamous BONK, that cheeky Solana meme coin! For a while, it’s been lurking in the shadows, keeping quiet like a cat on a windowsill. But, wait—what’s this? Some technical wizardry is suggesting that BONK is ready to wake up and make some noise! Over the past few weeks, this little rascal has been flexing its muscles, reclaiming key support levels and, dare I say, making a run at some overhead resistance. Hold on to your hats, folks!
According to an analyst who probably spends their evenings deciphering cryptic charts on TradingView, BONK has just confirmed a double bottom formation—no, not a bottomless pit of despair, but a solid reversal pattern. Could this be the beginning of something magical? Time will tell, my friend.
Double Bottom Reversal and Golden Cross: The Stuff of Legends!
Let’s get technical, shall we? BONK’s chart is showing signs of life, and by signs, I mean it’s practically yelling, “I’m ready!” A double bottom formation has appeared, which is one of the most reliable reversal patterns out there (if you believe in such things). Translation: the bear market might be officially tired of running the show, and the bulls could be about to take over. After months of downhill action, this is like a breath of fresh air in a damp cave.
Now, BONK is pushing into a major resistance trendline, which has kept it down since December 2024. This barrier is like that door you keep slamming into, but it’s looking increasingly like BONK might just break it down. If it does, it’ll be a loud, proud moment. Like a bear in a china shop.
But wait, there’s more! The Exponential Moving Averages (you know, the fancy indicators that sound like something out of a sci-fi movie) are also sending a clear message. The convergence of the 12-hour EMA-50 and EMA-200 could soon lead to a Golden Cross—a mythical event that often signals the start of a sharp rise. This could be the moment when BONK says, “Watch out, world!”
Where Is BONK Headed? Upside Targets and Resistance Zones
Alright, buckle up. BONK is on the path to breaking through the resistance line once again, but this time, it’s looking like it’s got the muscle to actually pull it off. The last time it tried, in April, it got a rejection at $0.00002179. Classic case of profit-taking. You know, the whole “better safe than sorry” mentality. The price dipped back into a supportive range between $0.00001550 and $0.00001425, where it’s been quietly bouncing back. Sometimes, you’ve got to fall to rise, right?
As I type this, BONK is hanging out at $0.00001824, having surged by 8.3% in the last 24 hours. So, what’s next? Well, it’s all about pushing through that resistance like it’s the final boss of a video game. If BONK can break through the resistance zone between $0.00002000 and $0.00002100, the next levels to watch are $0.00002500 and $0.00002750. It’s like climbing a ladder, except the next rung might just be a pot of gold (or something close to it).
But here’s where it gets spicy: If BONK’s bullish momentum keeps up, particularly with the Golden Cross confirming its arrival, we could be looking at a new target between $0.00003400 and $0.00003700. This is important because it lines up with a 50% Fibonacci retracement from the November 2024 all-time high. Do I smell a breakout? I sure do!
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2025-05-09 08:30