Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Milei closes Libra Task Force and investigates ties with its administration

2025-05-20

Ethereum: What you need to know about the 10-year low exchange stock of ETH

2025-05-20

The Supreme Court of India calls for clear crypto guidelines not outright prohibition

2025-05-20
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    BSCS Backs Backs AI-conducted shopping assistant in collaboration with Pulsebot AI

    2025-05-20

    Basic, BNB chain, Ethereum and others

    2025-05-20

    What are tokenized real-world assets? Put physical value on the chain with RWAS

    2025-05-20

    Basic kit transactions rise as DEX volume approaches $ 400 billion milestone

    2025-05-20

    Taiko Alethia launches the most expected Pacaya Hardfork -upgrade on MAINNET

    2025-05-20
  • NFT

    Guild of Guardians leads with a huge volume of $ 796.62k

    2025-05-20

    Solana Meme Coin Ponke Set to release assembly objects, clothing via Jcorp Spinout

    2025-05-19

    The most popular collections of the moment on blockchain

    2025-05-18

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17

    Ethereum is at the top of the charts in weekly NFT sales with $ 44.7 million in sales volume

    2025-05-16
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Milei closes Libra Task Force and investigates ties with its administration

    2025-05-20

    Ethereum -price flashes bullish signal, but can it flow through obstacles?

    2025-05-20

    XRP Price Eyes Winins, but technically suggests that upsides can be limited

    2025-05-20

    Bitcoin still cannot close daily candle above $ 106k after 8 failed attempts in 2025

    2025-05-20

    Solana (SOL) keeps land in tight reach – Traders looking at Directional Cue

    2025-05-20
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-10
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Altcoins»The massive outbreak of BONK? Analysts predict a bullish wave
Altcoins

The massive outbreak of BONK? Analysts predict a bullish wave

2024-10-08No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email
  • BONK’s symmetrical triangle suggested a breakout, with potential for a major bullish wave.
  • Volume and open interest rose as traders positioned themselves for a possible price explosion.

Bonk [BONK] consolidated within a narrow margin, and at the time of writing was on the verge of a breakout. The price follows a symmetrical triangle pattern, a signal that usually suggests an upcoming move.

Analyst World of Charts predicted that if a breakout were to occur, it could lead to a bullish wave in the coming weeks. Notably, BONK was approaching the apex of the triangle, indicating that the breakout could occur soon.

World of graphs too marked the potential for a breakout based on the symmetrical triangle pattern. This charting often leads to price movements, as the consolidation occurs before decisive moves in either direction.

Source:

For BONK, consolidation within the triangle has been going on for several months.

As the price nears the apex of the triangle, traders and analysts alike are watching for a possible breakout, which could send prices higher soon.

Technical indicators indicate bearish momentum

Looking at BONK on the 4-hour chart, the price remained above the key support level at $0.00002107 at the time of writing.

The 50-period and 100-period EMAs have acted as dynamic supports, but price has recently tested the 50 EMA, suggesting the possibility of further consolidation.

Should the price settle below the 100 EMA at $0.00002108, this could signal downside pressure in the near term.

Source: TradingView

The Relative Strength Index (RSI) hovered around 44.95, indicating that BONK was approaching oversold conditions.

A recovery in the RSI above 50 could indicate renewed buying pressure, although the current downtrend suggested that the price could continue to consolidate.

See also  Ethereum - How 'strong' sellers can limit the benefit of ETH in the charts

Furthermore, the Moving Average Convergence Divergence (MACD) on the 4-hour chart showed a bearish crossover, reinforcing the potential for a bearish trend unless the price can regain strength.

BONK: current market performance

At the time of writing, Bonk’s price was $0.00002124after dropping 6.31% in the past 24 hours and 15.59% in the past seven days. With a circulating supply of 69 trillion tokens, $BONK’s market capitalization was $1.47 billion.

Despite the short-term price decline, World of Charts remained optimistic about the potential for a breakout, provided key support levels persist.


Read Bonk’s [BONK] Price forecast 2024–2025


Recent data from Coinglass revealed an increase in both trading volume and open interest for the memecoin. Volume rose 5.58% to $91.07 million, while Open Interest rose 1.57% to $9.94 million.

These indicators suggested that traders were positioning themselves in anticipation of a possible breakout.

Next: Dogecoin Holders Pile On 2.07B Tokens: Sign of DOGE’s Rally?

Source link

Analysts BONK Bullish Massive outbreak predict Wave
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Ethereum: What you need to know about the 10-year low exchange stock of ETH

2025-05-20

Ethereum -price flashes bullish signal, but can it flow through obstacles?

2025-05-20

If you have $ 5000 and want to change $ 5 million by 2028, which are the best altcoins to buy? Top 5 contenders

2025-05-20

Bitcoin -portfolios shift to ‘buy -mode’ -Is a bullish reversal imminent?

2025-05-20
Add A Comment

Comments are closed.

Top Posts

The Bitcoin market tilts to Reset Zone as a realized loss gap broadens – what means?

2025-03-29

Cardano -Price breaks from long -term Bearish Trend to $ 0.7, here is the following target

2025-04-03

Ethereum dominates NFT sales despite overall market decline

2024-05-25
Editors Picks

French gambling regulator announces plans to investigate poly market after big wins over Trump presidency: report

2024-11-07

Bitcoin has reached an all-time high! Then collapsed (taking over the market), this is why we don’t worry…

2024-03-06

Billionaire Warren Buffett Forks $40,000,000,000 After Dumping Apple, Bank of America, Wells Fargo, JPMorgan Chase and Goldman Sachs Early: Report

2024-11-10

AI Language Models Are Nothing Without Humans, Sociologist Explains

2023-08-24
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Milei closes Libra Task Force and investigates ties with its administration

Ethereum: What you need to know about the 10-year low exchange stock of ETH

The Supreme Court of India calls for clear crypto guidelines not outright prohibition

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$106,975.801.48%
  • ethereumEthereum(ETH)$2,514.24-0.47%
  • tetherTether USDt(USDT)$1.000.01%
  • rippleXRP(XRP)$2.36-1.22%
  • binancecoinBNB(BNB)$649.190.04%
  • solanaSolana(SOL)$168.541.42%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.2258730.56%
  • cardanoCardano(ADA)$0.740.16%
  • tronTRON(TRX)$0.2702181.81%
  • suiSui(SUI)$3.922.49%
  • chainlinkChainlink(LINK)$15.70-0.52%
  • avalanche-2Avalanche(AVAX)$22.541.44%
  • stellarStellar(XLM)$0.2870580.19%
  • hyperliquidHyperliquid(HYPE)$26.02-1.38%
  • shiba-inuShiba Inu(SHIB)$0.0000150.11%
  • hedera-hashgraphHedera(HBAR)$0.1942691.12%
  • unus-sed-leoUNUS SED LEO(LEO)$8.730.38%
  • bitcoin-cashBitcoin Cash(BCH)$392.240.09%
  • the-open-networkToncoin(TON)$3.082.23%
  • polkadotPolkadot(DOT)$4.671.54%
  • litecoinLitecoin(LTC)$94.32-4.58%
  • moneroMonero(XMR)$349.271.71%
  • bitget-tokenBitget Token(BGB)$5.15-0.62%
  • pepePepe(PEPE)$0.000013-0.74%
  • piPi(PI)$0.752.86%
  • daiDai(DAI)$1.00-0.01%
  • ethena-usdeEthena USDe(USDE)$1.000.02%
  • aaveAave(AAVE)$258.927.09%
  • uniswapUniswap(UNI)$5.96-0.21%
  • bittensorBittensor(TAO)$415.651.70%
  • nearNEAR Protocol(NEAR)$2.812.13%
  • aptosAptos(APT)$5.170.35%
  • okbOKB(OKB)$52.170.00%
  • ondo-financeOndo(ONDO)$0.952.16%
  • kaspaKaspa(KAS)$0.1097522.71%
  • internet-computerInternet Computer(ICP)$5.261.17%
  • ethereum-classicEthereum Classic(ETC)$18.450.03%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.806.99%
  • gatechain-tokenGateToken(GT)$21.450.08%
  • crypto-com-chainCronos(CRO)$0.0965250.73%
  • mantleMantle(MNT)$0.753.43%
  • vechainVeChain(VET)$0.0284261.82%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.231847-0.56%
  • render-tokenRender(RENDER)$4.651.88%
  • ethenaEthena(ENA)$0.3832425.19%
  • usd1World Liberty Financial USD(USD1)$1.00-0.05%
  • algorandAlgorand(ALGO)$0.2233890.80%
  • arbitrumArbitrum(ARB)$0.3937851.15%
  • filecoinFilecoin(FIL)$2.86-0.39%
  • bitcoinBitcoin(BTC)$106,975.801.48%
  • ethereumEthereum(ETH)$2,514.24-0.47%
  • tetherTether USDt(USDT)$1.000.01%
  • rippleXRP(XRP)$2.36-1.22%
  • binancecoinBNB(BNB)$649.190.04%
  • solanaSolana(SOL)$168.541.42%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.2258730.56%
  • cardanoCardano(ADA)$0.740.16%
  • tronTRON(TRX)$0.2702181.81%
  • suiSui(SUI)$3.922.49%
  • chainlinkChainlink(LINK)$15.70-0.52%
  • avalanche-2Avalanche(AVAX)$22.541.44%
  • stellarStellar(XLM)$0.2870580.19%
  • hyperliquidHyperliquid(HYPE)$26.02-1.38%
  • shiba-inuShiba Inu(SHIB)$0.0000150.11%
  • hedera-hashgraphHedera(HBAR)$0.1942691.12%
  • unus-sed-leoUNUS SED LEO(LEO)$8.730.38%
  • bitcoin-cashBitcoin Cash(BCH)$392.240.09%
  • the-open-networkToncoin(TON)$3.082.23%
  • polkadotPolkadot(DOT)$4.671.54%
  • litecoinLitecoin(LTC)$94.32-4.58%
  • moneroMonero(XMR)$349.271.71%
  • bitget-tokenBitget Token(BGB)$5.15-0.62%
  • pepePepe(PEPE)$0.000013-0.74%
  • piPi(PI)$0.752.86%
  • daiDai(DAI)$1.00-0.01%
  • ethena-usdeEthena USDe(USDE)$1.000.02%
  • aaveAave(AAVE)$258.927.09%
  • uniswapUniswap(UNI)$5.96-0.21%
  • bittensorBittensor(TAO)$415.651.70%
  • nearNEAR Protocol(NEAR)$2.812.13%
  • aptosAptos(APT)$5.170.35%
  • okbOKB(OKB)$52.170.00%
  • ondo-financeOndo(ONDO)$0.952.16%
  • kaspaKaspa(KAS)$0.1097522.71%
  • internet-computerInternet Computer(ICP)$5.261.17%
  • ethereum-classicEthereum Classic(ETC)$18.450.03%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.806.99%
  • gatechain-tokenGateToken(GT)$21.450.08%
  • crypto-com-chainCronos(CRO)$0.0965250.73%
  • mantleMantle(MNT)$0.753.43%
  • vechainVeChain(VET)$0.0284261.82%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.231847-0.56%
  • render-tokenRender(RENDER)$4.651.88%
  • ethenaEthena(ENA)$0.3832425.19%
  • usd1World Liberty Financial USD(USD1)$1.00-0.05%
  • algorandAlgorand(ALGO)$0.2233890.80%
  • arbitrumArbitrum(ARB)$0.3937851.15%
  • filecoinFilecoin(FIL)$2.86-0.39%