The "BURNmas" event for Bonk (BONK) is a significant token burning initiative announced by BONKDAO, aimed at reducing the circulating supply of BONK tokens to potentially increase its value through scarcity. Here are the detailed specifics of the event:

Event Timeline:

• Start Date: November 15, 2024, at 12:01 am UTC

• End Date: The active period for accumulating tokens to burn ends on December 24, 2024, at 12:01 am UTC.

• Final Burn: All the BONK tokens accumulated from the various activities will be burned on Christmas Day, December 25, 2024, at 12:01 am UTC.

#BONK #BURNmas
$BONK

BONK/USDT Analysis (BURNmas Event Impact):
Current Price: $0.00003393 (+30.45%)
24h High/Low: $0.00003501 / $0.00002479

Key Levels (1 day frame):
Resistance: $0.00003720, $0.00004093, $0.00004710
Support: $0.00002729, $0.00002111, $0.00001738

Technical Indicators:
RSI (6): 53.49 (Neutral)
EMA (7, 14, 20): Showing bullish trend but nearing resistance.

Fibonacci Levels:
Retracement Zones: $0.00003241 (23.6%), $0.00002979 (50%), $0.00002696 (78.6%)

Insights:
BONK surged due to the “BURNmas” event targeting 1T token burns by Dec 25.
Reduced supply may push prices up, but RSI hints at potential consolidation.
Monitor $0.00003241 support for entries and $0.000040 resistance for exits.
Caution: Volatility expected; follow burn updates closely .
#BTCNextMove #CorePCESignalsShift #burnmas #write2earn

For all my $BONK HodLers!
Have you already posted #LetsBONK yet?
If you haven’t, well, what are you waiting for!???
I encourage you to go to the official X (twitter) account for Bonk Inu so you can get the latest news’s, basically by posting #LetsBONK you will be part of the #BurnMas that @Bonk! Is conducting during this season, and I cannot get enough of it! Since I Hodl $BONK and I’ve been doing so for a time now, increasing my token count, just enough to manage my risk off course, but plenty enough to receive the good news when the prices surge after the burn of soooo many tokens, I can only invite you to conduct your own research, visit the official website and social media platforms so you keep up to date with the latest.
I can’t wait to get the results of this amazing initiative provided by @Bonk!

Make sure you follow me, like, repost and share this post with your friends if you wish. I believe in the power of spreading the good news.

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Disclaimer: my opinion doesn’t constitute financial advice, always conduct your own research and know your assets, since the crypto market and trading involves high risk.
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Happy crypto!