BonkInu
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ššš Hereās why #BonkInu price could lead the #memecoin pack with 30% rally
The Bonk Inu price has recently exhibited a rare technical pattern known as the Adam and Eve formation, signaling a potential reversal in its trend. The breakout above the $0.000012397 level, followed by a retest, indicates a promising rally ahead for $BONK holders.
The Adam and Eve pattern, characterized by a sharp, V-shaped "Adam" peak followed by a more gradual, rounded "Eve" trough, suggests a bullish sentiment in the market. This formation typically forecasts a 20% upswing, with a target price of $0.000014908, calculated by measuring the depth of the Eve trough and adding it to the breakout point.
On February 10, Bonk Inu price successfully breached the horizontal resistance at $0.000012397 and is currently undergoing a retest to confirm its newfound support. This sets the stage for a potential 20% move upward in the coming days.
If the #bullish momentum persists, investors can anticipate further gains, with a potential retest of the daily resistance level at $0.000016177, translating to a total gain of 30% from the breakout point.
Both the Relative Strength Index (RSI) and the Awesome Oscillator are indicating favorable conditions for BONK, supporting the bullish outlook.
However, a close below the critical support level at $0.000011747 on the twelve-hour candlestick chart would invalidate the bullish scenario, signaling a potential trend reversal. In such a scenario, BONK could experience a 20% decline, targeting the liquidity zone below $0.000009332.
Source - fxstreet.com
#CryptoNews #BinanceSquare
The Bonk Inu price has recently exhibited a rare technical pattern known as the Adam and Eve formation, signaling a potential reversal in its trend. The breakout above the $0.000012397 level, followed by a retest, indicates a promising rally ahead for $BONK holders.
The Adam and Eve pattern, characterized by a sharp, V-shaped "Adam" peak followed by a more gradual, rounded "Eve" trough, suggests a bullish sentiment in the market. This formation typically forecasts a 20% upswing, with a target price of $0.000014908, calculated by measuring the depth of the Eve trough and adding it to the breakout point.
On February 10, Bonk Inu price successfully breached the horizontal resistance at $0.000012397 and is currently undergoing a retest to confirm its newfound support. This sets the stage for a potential 20% move upward in the coming days.
If the #bullish momentum persists, investors can anticipate further gains, with a potential retest of the daily resistance level at $0.000016177, translating to a total gain of 30% from the breakout point.
Both the Relative Strength Index (RSI) and the Awesome Oscillator are indicating favorable conditions for BONK, supporting the bullish outlook.
However, a close below the critical support level at $0.000011747 on the twelve-hour candlestick chart would invalidate the bullish scenario, signaling a potential trend reversal. In such a scenario, BONK could experience a 20% decline, targeting the liquidity zone below $0.000009332.
Source - fxstreet.com
#CryptoNews #BinanceSquare
Bonk Inu to Launch First Meme Coin ETP in the U.S.
Bonk Inu $BONK is making waves with plans to launch a U.S. Exchange-Traded Product (ETP), a first for meme coins. Announced at the Solana Breakpoint event, this could boost Bonk Inuās legitimacy in the financial world.
Partnering with Osprey Funds, known for Bitcoin ETFs, Bonk aims to make its ETP more accessible to both institutional and retail investors. This move could reshape how meme coins are seen in traditional finance.
With excitement growing, analysts predict this could drive BONK's price higher, with the ETP expected to launch by year-end.
#BonkInu #ETP #BONK #SolanaEcosystem #SolanaBreakPoint $SOL
Bonk Inu $BONK is making waves with plans to launch a U.S. Exchange-Traded Product (ETP), a first for meme coins. Announced at the Solana Breakpoint event, this could boost Bonk Inuās legitimacy in the financial world.
Partnering with Osprey Funds, known for Bitcoin ETFs, Bonk aims to make its ETP more accessible to both institutional and retail investors. This move could reshape how meme coins are seen in traditional finance.
With excitement growing, analysts predict this could drive BONK's price higher, with the ETP expected to launch by year-end.
#BonkInu #ETP #BONK #SolanaEcosystem #SolanaBreakPoint $SOL