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 could possibly look scary for merchants after they see pink colors or -%…, however these are the occasions to concentrate to your key ranges and execute nicely. No concern, simply good threat administration!
$BONK appears to be like like one of many stronger meme cash w/ the a number of pretend outs of the breakouts on BTC.
Bouncing from a key stage. It will not go up in a straight line however it’s destined for brand 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. For those who open the BONK in opposition to BTC day by day chart, you will discover out that the pair’s market construction is bullish, with increased highs and better lows.
Please additionally revisit the final article discussing BONK value, which was $0.015!
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BONK Crypto Prepared for Leg #2: Chart Evaluation Time
(BONKUSDT)
BONK on the day by day timeframe just isn’t solely making increased highs and better lows versus BTC, but in addition in opposition to USD. Towards BTC is a little more spectacular, although. Since, and I’ll underline this, Bitcoin is correct beneath its final resistance earlier than a brand new ATH. This, after all, implies 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 have 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 in opposition to it and make a brand new excessive. On this chart, we see two wicks to our value 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 taking a look at 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 stage. If it occurs, the individuals who have orders that low should purchase increased, which can feed the brand new leg up much more. A reclaim of the MAs is what we wish to see now, with or and not using a contact of both inexperienced circle. Then a take a look at of $0.025 once more, and ultimately a break of that stage.
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BONK Getting Prepared for Subsequent Leg Up: Newest TA Insights
50% transfer up reached and now forming the next low
RSI is reset on 4H and 1H timeframe. Perhaps wants decrease on 1D
Key help is final low on 1H, or $0.017
Reclaim of MAs on low timeframes is a symptom of the subsequent leg inbound
The publish BONK Getting Prepared for Subsequent Leg Up: Newest TA Insights appeared first on 99Bitcoins.
