Bonk on Baseの‌価格BONK

bought $bonk and $wif. RUN IT BACK

BONK’s price action has been back and forth in May, and the cryptocurrency is now essentially back where it started the month. Recent price action reveals that the token is attempting to stabilize at around the 200 EMA after being rejected by the local high near the 0.00002581 level.  This rejection led to a measured pullback towards $0.00001820. However, according to a technical analysis on the TradingView platform, the retrace appears to be forming a bullish continuation setup with a 77% corrective move in view rather than indicating a bearish reversal. Bullish Market Structure Holds Firm For BONK BONK’s price retracement has brought it directly into a zone of heavy technical interest. At the heart of this confluence lies the 200 EMA on the 4-hour timeframe, which could technically serve as the next support zone for the meme coin moving forward. In addition, the retracement aligns with the 0.618 Fibonacci level, which is commonly associated with bullish corrections. It also aligns with a daily support zone around $0.00001832 to $0.00001841 and a resistance zone around $0.00002034. Interestingly, this movement has led to a consolidation between these levels since May 15, and according to the TradingView analyst, the price structure suggests buyers are stepping in to defend the trend. This, in turn, has led to the formation of a higher low.  From a volume standpoint, each upward impulse has shown rising volume since the first week of April. However, the recent decline occurred on diminishing volume, hinting at exhaustion from sellers.  77% Upside Move If BONK Breaks Above Resistance Even with the current range, BONK is still within a bullish setup that could send it towards a new 2025 high and possibly towards its current all-time high levels. The important level to watch now is the point of control (POC) resistance at approximately $0.00001955. This level previously acted as the pivot point before the pullback and now serves as the threshold for bullish continuation.  A confirmed close above this region would likely trigger a rapid expansion move toward the next resistance cluster around $0.00002581, before eventually reaching the predicted price target of $0.00003243, which would bring it close to its January 2025 open of $0.000035. As such, the projected target if this plays out will translate to a 77% rally. The price target also aligns with a previous swing high on January 15 and January 18. At the time of writing, BONK is trading at $0.00001995, up by 1,6% in the past 24 hours. Its reaction here, just above the POC resistance, will be an important deciding factor. If buyers manage to maintain pressure and secure a decisive breakout, the stage could be set for a strong rally into the upper resistance band and a retest of BONK’s 2025 swing high. $SOL

$BONK , the second-biggest Solana meme coin after Trump Coin, may be at risk of a significant drop as whales and smart money investors reduce their positions. Bonk (BONK) was trading at $0.00002053 on Wednesday, down 20% from its monthly high. Data from Nansen and Santiment shows that both smart money investors and whales have trimmed their Bonk holdings, a potential signal that they expect a reversal in price. Bonk holders with between 1 million and 10 million coins have offloaded 500 million tokens since December. Similarly, wallets holding between 10 million and 100 million coins now hold 1.44 trillion tokens, while those with between 100 million and 1 trillion coins have also reduced their holdings to 1.44 trillion. Bonk Price Technical Analysis The four-hour chart shows that Bonk peaked at $0.00002577 this month before forming a double-top pattern. The token then dropped to a low of $0.00001815, which coincided with an ascending trendline connecting the lowest swings since April 7. Bonk has since formed a bearish pennant pattern, made up of a sharp downward move followed by a symmetrical triangle. The two trendlines of this pattern are nearing a confluence, which could lead to a bearish breakdown. The initial target for this move is $0.00001815, the lowest swing this month. A break below that level would likely point to further downside, potentially toward the 50% Fibonacci retracement level at $0.00001730.

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📉 $BONK/USDT 4-Hour Chart Analysis (Binance) 📊 Price: 0.00002011 (+0.85%) 24H High: 0.00002022 | Low: 0.00001896 | Vol: 1.42T BONK (27.99M USDT) 🔍 Key Insights: Bearish Trend: BONK is in a downtrend after peaking at 0.00002600 on May 13. Now down 22.72% (1Y) and 61.25% (180D). Price Action: Trading below the 20-period SMA, showing lower highs/lower lows. Recent consolidation near 0.00002000 support. Volume: Low buying interest; selling pressure dominated since the May 13 peak. Levels to Watch: Support: 0.00002000 (key), next at 0.00001800. Resistance: 0.00002200, then 0.00002400. 📉 Outlook: Bearish bias persists unless we see a breakout above 0.00002200 with strong volume. A break below 0.00002000 could lead to further downside. Stay cautious! #BONK #CryptoAnalysis #Trading #Binance