Samecoin Bonk, based in Solana, fell after jumping more than 20% earlier this week, but remains in bullish mode in the midst of increased traffic activity.
Bonk jumped 21% during a period of 24 hours after Thursday and positioned itself as the strongest artist among the great cryptocurrencies. It was recently negotiated at $ 0.0000,1673, a gain of 1.68%, with a price share ranging from 0.00001606 to $ 0.00001751, an intraday swing of 9.4%.
Provide the dynamics TGE is climb speculation around a leverage FNB with Tuttle Capital Management confirming on July 16 as the first potential launch date pending regulatory approval.
Adding to the bullish feeling, Bonk is about to reach 1 million holders, an important step that will trigger a token burn of 1 Billion, a potentially reduced diet and amplify the upward pressure. It currently has more than 943,000 holders.
Technically, Bonk freed himself from both the corner fall and the symmetrical triangle models, indicating a transition from consolidation to potential expansion, according to the analytical model of Coindesk Research.
Analysts indicate the company’s support to $ 0.000013 and the resistance nearly $ 0,000018. A successful violation above this resistance could unlock a potential path to $ 0.000033,372, representing a possible 100% up if the dynamics hold.
This rally coincides with broader growth in the Solana ecosystem, including increased participation in validators and investment in infrastructure. With fundamental solids, technical support and aligned speculative catalysts, Bonk could be ready for a short -term extension.
Strengths of technical analysis
- Bonk culminated at $ 0.0000,1751 around 01:00 UTC with a notable peak of 1.66b of volume, establishing a high volume resistance zone.
- The price exchanged in a tight band from 3:00 a.m. to 12:00 pm UTC, signaling post-Moullye consolidation.
- A key support at $ 0.0000,1627 held firm throughout the negotiation session despite intrajournnal withdrawals.
- Bonk experienced a net reversal of 1.5% at 13:52 UTC in heavy volume (31.9b)Validate $ 0.0000164 as a short -term support.
- The resistance is formed almost $ 0.000017, tested several times between 02:00 and 6:00 UTC.
- The wider support area remains approximately $ 0.000013, depending on the macro level graphics models.
- Bonk came out of both the fall in the corner formations and symmetrical triangles, generally bullish configurations.
- RSI suggests room for more upwards, without obvious exaggerated signals at current levels. »»
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