BONK crypto has been in consolidation whereas
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is simply beneath ATH and on the point of print a brand new one. It might probably look scary for merchants once they see purple colors or -%…, however these are the occasions to concentrate to your key ranges and execute nicely. No concern, simply good threat administration!
$BONK seems like one of many stronger meme cash w/ the a number of pretend outs of the breakouts on BTC.
Bouncing from a key degree. It will not go up in a straight line however it’s destined for brand spanking new highs w/ the deflationary mechanics assuming Bonk Enjoyable continues to steal mindshare from… pic.twitter.com/JYDrFqReri
— Herro (@HerroCrypto) Could 19, 2025
Herro’s level is definitely good. If you happen to open the BONK towards BTC each day chart, you can find out that the pair’s market construction is bullish, with increased highs and better lows.
Please additionally revisit the final article discussing BONK worth, which was $0.015!
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BONK Crypto Prepared for Leg #2: Chart Evaluation Time
(BONKUSDT)
BONK on the each day timeframe is just not solely making increased highs and better lows versus BTC, but in addition towards USD. Towards BTC is a little more spectacular, although. Since, and I’ll underline this, Bitcoin is correct under its final resistance earlier than a brand new ATH. This, after all, signifies that it may be rejected at resistance. It’s thrilling when a coin behaves as it’s anticipated to! Regulate MA50 and MA100.
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(BONKUSDT)
Now, let’s take a look at the 4H timeframe. Earlier than that, I’d like to notice that even when BTC goes down from right here, BONK can nonetheless carry out strongly towards it and make a brand new excessive. On this chart, we see two wicks to our worth goal from the earlier article. Whoever caught that transfer – congrats, because it was a 50% leg! We noticed clear rejection and an SFP on this timeframe, which indicated {that a} retrace is probably going. Now we’re these two key zones – MA200 and $0.017.
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(BONKUSDT)
1H timeframe, right here we go! RSI has been reset, and the worth is now ranging. Ideally, we’d like to not go all the way down to $0.017 and front-run that degree. If it occurs, the individuals who have orders that low should purchase increased, which is able to feed the brand new leg up much more. A reclaim of the MAs is what we wish to see now, with or with no contact of both inexperienced circle. Then a check of $0.025 once more, and ultimately a break of that degree.
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BONK Getting Prepared for Subsequent Leg Up: Newest TA Insights
50% transfer up reached and now forming a better low
RSI is reset on 4H and 1H timeframe. Perhaps wants decrease on 1D
Key assist is final low on 1H, or $0.017
Reclaim of MAs on low timeframes is a symptom of the following leg inbound
The publish BONK Getting Prepared for Subsequent Leg Up: Newest TA Insights appeared first on 99Bitcoins.
