Positions to Profit on Ethereum ETF Approvals at the $BONK Price Points

There is a market value of around $2.1 billion and the price of $BONK is trading at $0.000032 as of this writing. Despite a 35% increase this week, this Solana joke currency has seen a pullback in the last few hours.

Based on data from altFINS, the price has broken out over the $0.000030 resistance level, continuing its upward trajectory. It has encountered rejection at this level twice lately. The breakthrough could indicate that the uptrend will continue, with a possible upside goal of $0.000037, or a 23% gain. A stop-loss threshold of $0.000028 is recommended.


Ascending triangles usually break out in the same direction as the current trend, making them continuation patterns. If the trendlines are sufficiently far from one another, swing traders may choose to purchase at support and sell at resistance in order to make a profit.

There is a very favorable trend for BONK in the near, intermediate, and distant futures. The MACD line has also crossed above the MACD signal line, indicating bullish momentum. Since the RSI-14 values are still within the 30–70 range, we can say that the price is neither overbought nor oversold at the moment.

Close by, you can find support at $0.00002 and $0.000013, and resistance at $0.000037 and $0.000046 (where BONK would set a new all-time high).

Price action on BONK has been trending upwards for some time, and there are positive momentum indications and bullish patterns that imply that this trend might continue. Soon, this Solana meme currency may be able to test the waters around the ATH level again.

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