BONK, one of the most prominent meme tokens in the cryptocurrency market, has not yet made the anticipated move. However, I believe that it will go to significant heights in line with the ' #MEME ' token trend. Therefore, everyone should have a small amount of #BONK in their portfolio.
When we examine the chart below, it is observed that it has executed a double bottom movement. This formation is a bullish pattern indicating a reversal of the downward trend in financial markets. Hence, the target of this formation should also be monitored.

A "Double Bottom" formation is a technical chart pattern commonly observed in financial markets, particularly in stock trading and other asset markets. It is considered a reversal pattern, signaling a potential change in the prevailing trend from a downtrend to an uptrend. The Double Bottom pattern typically occurs after a prolonged downward movement in prices.

Here are the key characteristics of a Double Bottom formation:
Initial Downtrend: The price of the asset is in a downtrend, experiencing a series of lower lows.First Trough (Bottom): The first low point in the price movement forms the first trough. This is where selling pressure has been strong, but it is followed by a moderate upward price correction.Intermediate Uptrend: After the first trough, the price experiences a temporary rally or recovery, forming a peak before declining again. This rally is often less intense than the previous downtrend.Second Trough (Bottom): The price declines again, forming a second trough at a similar level or slightly above the level of the first trough. The second trough typically indicates a test of the previous low, but the selling pressure is usually weaker.Confirmation Uptrend: After the formation of the second trough, the price starts a more sustainable uptrend. The breakout above the intermediate peak (formed after the first trough) is considered confirmation of the Double Bottom pattern.
Traders and technical analysts often use the Double Bottom pattern to identify potential buying opportunities. The pattern suggests that the selling pressure has weakened, and buyers may be gaining control. The confirmation of the pattern is crucial, as it helps traders avoid false signals.
It's important to note that while the Double Bottom pattern can be a powerful signal, not all instances result in a trend reversal. Traders typically use additional technical indicators and analysis to support their decision-making. #BONK❓

$DOGE $BONK $SHIB

BONK is a new meme currency built on the Solana blockchain and took the cryptocurrency world by storm last year. It’s up nearly 910% in the last 365 days making early investors sit on heaps of profits. The new meme currency BONK nearly challenged the oldies in the cryptocurrency sphere Dogecoin and Shiba Inu. BONK almost stole Shiba Inu and Dogecoin’s thunder and tried to reach their pinnacle of fame.So can BONK meme currency become the next Dogecoin or Shiba Inu? Can it have a sea of die-hard investors who will stick by through thick or thin? In this article, we will highlight whether the Solana-based meme currency BONK can become the next SHIB or not. We are not talking about the price here, this article explains the community attraction between BONK and SHIB.Can BONK Become The Next Shiba Inu (SHIB)?The answer to the question is plain and simple: BONK cannot become the next Shiba Inu and overtake its fame. Shiba Inu is Shiba Inu, period. It commands a different type of fanfare in the cryptocurrency market where investors connect with it on a personal level. They believe SHIB’s success is their success, and the phenomenon echoes across the community.The Shiba Inu community is built differently and BONK cannot come an inch closer to it. SHIB investors genuinely celebrate its success, which includes price rises, and product launches such as Shibarium, among others.When it comes to thrashing the dog-themed token, the hate also comes genuinely from the heart. The SHIB community is open to calling a spade a spade and making the developers correct their mistakes.Additionally, if investors want to make their voices heard, they will move heaven and earth to achieve it. Remember how they bombarded Robinhood with ‘Hey Robinhood, when SHIB?’ comments in 2021 and 2022? Robinhood was forced to listen to their voices and eventually list SHIB in April 2022. That to you is ‘peak Shiba Inu’ investor behavior which BONK can only dream of achieving.Don't forget to vote for fullo 🤗 pls Vote for fullo ❤️#SHIB💥 #BONK❓

#SATS The Solana-based meme coin Bonk (#BONK❓ ) has eclipsed Shiba Inu ($SHIB ) in 24-hour trading volumeContentsA closer look at the numbersThe rise and fall of BonkThe Solana-based meme coin, Bonk ($BONK ), has overtaken Ethereum's Shiba Inu (SHIB) in 24-hour trading volume. BONK might be gearing up for a comeback after plunging from its December peak. A closer look at the numbersAs of the latest data, Bonk (BONK) is currently ranked 95th by market capitalization and has experienced a substantial increase in its 24-hour trading volume, reaching over $104 million. Despite this, it's important to note that Bonk is still down by more than 60% from its all-time high of $0.00003416 reached about a month ago. Meanwhile, Dogecoin ($DOGE ) holds the 11th spot with a slight price increase and a stable market cap of over $11 billion. Shiba Inu (SHIB), now overshadowed by Bonk in daily trading volume, sits at the 19th rank, with a market cap of approximately $5 billion. On the downside, Dogwifhat (WIF) and Pepe (PEPE) have seen their values decrease by 4.5% and 2.7% respectively over the past week, with Dogwifhat experiencing a significant drop in market capitalization and trading volume.The rise and fall of BonkAfter an enormous rally, Bonk faced a steep price drop, shedding much of its gains since its peak in December. The token's initial surge was attributed to a frenzy in the #Solanaecosystem , which saw the price of Bonk tokens increase by over 1,000%. This impressive run led to listings on major #exchanges such as Binance and Coinbase. However, the euphoria was short-lived, as the price plunged by over 70% from its December high.Despite the recent downturns, the Solana #networks continues to generate buzz with new entrants in the meme coin space. Dogwifhat (WIF), another Solana-based meme coin, has not only rebounded but also surpassed its Ethereum-based rival FLOKI in market capitalization. 🗣🗣Empower Our Mission: Tips For Dedicated Service. 🗣🗣👉Users are encouraged to support the mission by offering generous tips.🗣This empowers creators to work even harder, ensuring the continued delivery of top-notch investment advice.

Amid a broader market consolidation, Bonk has slumped 8.4%, currently priced at $0.00001219.However, traders remain bullish on Solana meme coins. Indeed, the newly launched Smog token captured Bonk’s liquidity, climbing to a $34 million market cap in its opening week.Bonk Risks Further Downside As It Approaches Critical Level The meme coin market is highly compelling, drawing volatile swings in both directions. This is reflected in Bonk’s recent price action, being one of the top performers last week. Subsequently, pumping over 20% in one day but selling off 8.4% today.But the selloff raises concerns as Bonk nears a key structural level, which could result in a deeper retracement.The chart below shows Bonk is falling to its mid-range between long-term support and a recent high. However, with little structural levels between the mid-range and support, a break below indicates bearish momentum.Consequently, Bonk’s near-term trajectory hangs on its response to the current level.Bonk’s earlier upward move followed an announcement that holders can now lock their tokens to earn rewards through an Armada-led initiative.However, Coinglass derivatives data shows that Bonk’s open interest has fallen by 19% today, with $271K of longs liquidated compared to $45K of shorts. Meanwhile, its funding rate has also fallen.This illustrates that the market may have become overly confident following the announcement, leading to more leveraged buy orders, which created a cascading effect once Bonk found resistance.Nevertheless, with the crypto market on the brink of a bull rally, analysts remain bullish about Bonk’s mid-term trajectory.According to TradingView analyst The Trading Wizard, Bonk could explode to $0.000033 after breaking a descending triangle in the 4-hour time frame.The analyst explained, “BONKUSDT finally broke the descending triangle after almost two months of consolidation. The ideal would be for the price to retest and continue its upward movement, I am bullish with altcoin season coming.”However, with Bonk currently approaching a critical level, it is important to remain aware of the downside risk.This is why many meme coin traders take a diversified approach. But as well as managing risk, diversification also provides exposure to more projects that could explode.In recent days, a prominent Bonk alternative has emerged called Smog. The token soared after launching on Solana last week but has raised eyebrows after announcing it will go multi-chain, also launching on Ethereum.Smog Airdrop and 42% Staking APY Draw Massive Interest and $34M Market CapDespite being less than one week into its journey, Smog already holds a respectable $34 million market cap.While this presents significant room for growth, it also differentiates the project from most meme coins which have lower market caps, presenting higher volatility risk.Smog got off to a roaring start following its launch, which coincided with an airdrop announcement. The Solana network has recently become a hotbed for airdrops, so it is no surprise that Smog received a warm welcome.Currently, the token boasts over 11K holders and 21K followers on X.According to its website, 35% of the token’s total supply is earmarked for the airdrop, with 50% going towards marketing efforts, 10% to CEX launches, and 5% towards DEX liquidity.In a more recent announcement, the team explained that Smog is launching on Ethereum via the Wormhole cross-chain protocol.This marks a significant innovation, bolstering Smog’s potential to attract liquidity. The Ethereum version also has a staking mechanism, offering a 42% APY. Users can purchase the ERC-20 version from the Smog website or the Solana version from a DEX like Jupiter or Birdeye.Solana Smog holders who want to stake their tokens should bridge them to Ethereum using Portalbridge.com and then deposit them on the Smog website.#Write2Earn #BONK❓