๐ฆThere has been a lot of talk about memecoin BONK these few days (it has given about โ700% 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.
๐What Is Bonk (BONK)โ๏ธโ
๐ธAccording 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.
๐ธThe 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".
๐ธBONK was airdropped randomly to Solana NFT collectors, developers, and artists, other airdrop details remain unknown.
๐กIt 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.
๐From the point of view of technical analysis, it seems that the BONK token is moving in a Descending Channel.
๐กBONK also seems to be completing a ๐ฆBullish Butterfly Harmonic Pattern๐ฆ near the ๐ขSupport zone๐ข and Support lines.
๐I expect BONK to break the upper line of the descending channel after the Bullish Butterfly Harmonic Pattern completes [in ๐กTime Reversal Zone(TRZ)๐ก] and at least rise(โ40%) to the ๐ดResistance zone๐ด.
โ๏ธโ ๏ธNoteโ ๏ธโ๏ธ: In general, try to risk less capital on Memecoins.
โ๏ธโ ๏ธNoteโ ๏ธโ๏ธ: An important point you should always remember is capital management and lack of greed.
Bonk Analyze (BONKUSDT), 15-minute time frame โฐ.
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 โ ' like'โ button ๐๐ & Share it with your friends; thanks, and Trade safe.
๐What Is Bonk (BONK)โ๏ธโ
๐ธAccording 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.
๐ธThe 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".
๐ธBONK was airdropped randomly to Solana NFT collectors, developers, and artists, other airdrop details remain unknown.
๐กIt 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.
๐From the point of view of technical analysis, it seems that the BONK token is moving in a Descending Channel.
๐กBONK also seems to be completing a ๐ฆBullish Butterfly Harmonic Pattern๐ฆ near the ๐ขSupport zone๐ข and Support lines.
๐I expect BONK to break the upper line of the descending channel after the Bullish Butterfly Harmonic Pattern completes [in ๐กTime Reversal Zone(TRZ)๐ก] and at least rise(โ40%) to the ๐ดResistance zone๐ด.
โ๏ธโ ๏ธNoteโ ๏ธโ๏ธ: In general, try to risk less capital on Memecoins.
โ๏ธโ ๏ธNoteโ ๏ธโ๏ธ: An important point you should always remember is capital management and lack of greed.
Bonk Analyze (BONKUSDT), 15-minute time frame โฐ.
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 โ ' like'โ button ๐๐ & Share it with your friends; thanks, and Trade safe.
ืขืกืงื ืคืขืืื
ืขืกืงื ืกืืืจื: ืืืขื ืืืฉื
ืืขืจื:
โ ๏ธIf you still have BONK in your portfolio, you better be careful. The support area and support lines seem broken.โ ๏ธ
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๐Please follow us on Telegram for more analysis.๐ t.me/ProTrader_365
๐Get a 20% Discount on your trading FEE on Bingx: shorturl.at/cfhE3