{"id":229365,"date":"2024-01-14T19:07:10","date_gmt":"2024-01-14T13:37:10","guid":{"rendered":"https:\/\/dripp.zone\/news\/bonk-price-prediction-as-renewed-buying-interest-develops-into-bullish-pattern-crypto-news\/"},"modified":"2024-01-14T19:07:14","modified_gmt":"2024-01-14T13:37:14","slug":"bonk-price-prediction-as-renewed-buying-interest-develops-into-bullish-pattern-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bonk-price-prediction-as-renewed-buying-interest-develops-into-bullish-pattern-crypto-news\/","title":{"rendered":"Bonk Price Prediction As Renewed Buying Interest Develops into Bullish Pattern &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"post-174010\">\n<p>\nBonk Price Prediction: The formation of an inverted head and shoulder pattern sets the BONK price rally to target $0.00002, Enter now?\t\t\t\t<\/p>\n<p><!--\n     \n\n<div class=\"marketThumbs\">\n             <noscript><img width=\"1946\" height=\"893\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/QHkSj4MK.png\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Bonk Price Prediction\" decoding=\"async\" fetchpriority=\"high\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/QHkSj4MK.png 1946w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/QHkSj4MK-300x138.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/QHkSj4MK-1224x562.png 1224w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/QHkSj4MK-768x352.png 768w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/QHkSj4MK-1536x705.png 1536w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/QHkSj4MK-150x69.png 150w\" sizes=\"(max-width: 1946px) 100vw, 1946px\" \/><\/noscript><\/div>\n\n\n--><\/p>\n<p class=\"MarketsUp f-14 d-block\">  Published 11 seconds ago <\/p>\n<div class=\"Atcs\">\n<p><span style=\"font-weight: 400;\">Bonk Price Prediction: Amidst the market excitement over the anticipated approval of <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/whats-next-after-spot-bitcoin-etf-expert-unveils-key-trends-to-watch\/\">Spot Bitcoin ETFs<\/a>, the Solana-based memecoin Bonk has demonstrated a remarkable recovery from its support level of $0.00000936 earlier this week. This bullish reversal scored 92% growth as the price hit a high of $0.00001795. Amid this upswing, the 4-hour time frame chart showcased the development of a bullish reversal pattern called inverted head and shoulder, indicating the memecoin is poised for further growth.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<h2><b>New Bullish Pattern Sets BONK Rally to $0.00002<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The formation of an inverted H&#038;S pattern indicates an early sign of trend reversal<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A bullish crossover between 50 and 200 EMA should accelerate buyers\u2019 internet in the BONK token<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The intraday trading volume in Bonk is $289.39 Million, indicating an 11% loss.<\/span><\/li>\n<\/ul>\n<figure style=\"width: 1946px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"Bonk Price Prediction\" width=\"1946\" height=\"893\" data-lazy-src=\"https:\/\/s3.tradingview.com\/snapshots\/q\/QHkSj4MK.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/s3.tradingview.com\/snapshots\/q\/QHkSj4MK.png\" alt=\"Bonk Price Prediction\" width=\"1946\" height=\"893\"\/><\/noscript><figcaption class=\"wp-caption-text\">Bonk Price Prediction| TradingView Chart<\/figcaption><\/figure>\n<p>Despite the recent approval of Spot Bitcoin ETFs, the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/bitcoin\/\">Bitcoin price<\/a> has underperformed, casting a shadow of uncertainty over the cryptocurrency market. This sentiment has prompted a correction across major cryptocurrencies, including BONK, which experienced a significant drop to $0.000013.<\/p>\n<blockquote>\n<p>Nonetheless, an analysis of the 4-hour chart reveals that this downturn has facilitated the formation of a bullish reversal pattern, known as the inverted head and shoulders. Thus, the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/bonk\/\">BONK price<\/a> demonstrated resilience above the $0.000013 support and recovered the memecoin 11%, to currently trading $0.0000145.<\/p>\n<\/blockquote>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p>This chart pattern suggests that buyers could drive the price up by an additional 22%, aiming to reach the neckline resistance at $0.0000177. A successful bullish breakout above this level would provide a stronger indication of a trend reversal, potentially positioning BONK to pursue a further target of $0.0000257.<\/p>\n<h2><b>Why Bonk Is At Risk of a 30% Drop?<\/b><\/h2>\n<p>The recent correction in BONK\u2019s price found solid ground at a confluence of support\u2014the $0.000013 mark and the 50% Fibonacci retracement level. Such a level of retracement is often viewed as a healthy consolidation in the context of a longer-term uptrend, marking a pivotal zone where buyers need to assert their control to sustain the asset\u2019s bullish momentum.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p>However, if BONK fails to maintain its current recovery trajectory, a breach below the $0.000013 support level could intensify selling pressure. This potential breakdown might lead to a significant 30% decline in the value of the memecoin, potentially bringing its price down to $0.00001.<\/p>\n<ul>\n<li aria-level=\"1\"><b>Exponential Moving Average: <\/b><span style=\"font-weight: 400;\">The BONK price jump above crucial <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/education\/exponential-moving-average-how-to-leverage-it-in-crypto-market\/\">EMAs<\/a>(20, 50, 100-and-200) indicates the short-term trend is turning bullish.<\/span><\/li>\n<li aria-level=\"1\"><b>Average Directional Index: <\/b><span style=\"font-weight: 400;\">A falling ADX slope project the buyers try to recover exhausted bullish momentum in occasional pullbacks.<\/span><\/li>\n<\/ul>\n<h3>Related Articles<\/h3>\n<\/p><\/div>\n<div class=\"MarketBottm\">\n<div class=\"Socilsm\">\n<p>\n                    Share this article on:<\/p>\n<div class=\"LinksSo\">\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.me\/share\/url?url=https:\/\/coingape.com\/markets\/bonk-price-prediction-as-buying-interest-develops-bullish-pattern\/&#038;text=Bonk Price Prediction As Renewed Buying Interest Develops into Bullish Pattern\" class=\"TeleS\"><i class=\"fa fa-paper-plane-o\"\/><\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/api.whatsapp.com\/send?text=https:\/\/coingape.com\/markets\/bonk-price-prediction-as-buying-interest-develops-bullish-pattern\/\" data-action=\"share\/whatsapp\/share\" class=\"TeleSwp\"><i class=\"fa fa-whatsapp\"\/><\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/share?url=https:\/\/coingape.com\/markets\/bonk-price-prediction-as-buying-interest-develops-bullish-pattern\/\" class=\"tw_new_logo\"><br \/>\n<img loading=\"lazy\" decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" class=\"mb-1\" alt=\"coingape\" width=\"18\" height=\"18\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\" class=\"mb-1\" alt=\"coingape\" width=\"18\" height=\"18\"\/><\/noscript><br \/>\n<\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer\/sharer.php?u=https:\/\/coingape.com\/markets\/bonk-price-prediction-as-buying-interest-develops-bullish-pattern\/\" class=\"TeleSFb\"><i class=\"fa fa-facebook\"\/><\/a>\n                    <\/div>\n<\/p><\/div>\n<\/div>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA174010\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<!--\n                                      \n\n<div class=\"getAuthoname\">\n                                          \n                                                                                 \n                                       <\/div>\n\n \n--><\/p>\n<p>Sahil is a dedicated full-time trader with over three years of experience in the financial markets. Armed with a strong grasp of technical analysis, he keeps a vigilant eye on the daily price movements of top assets and indices. Drawn by his fascination with financial instruments, Sahil enthusiastically embraced the emerging realm of cryptocurrency, where he continues to explore opportunities driven by his passion for trading                         <\/p>\n<\/p><\/div>\n<div class=\"author_Image\">\n                                             <img loading=\"lazy\" alt=\"\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" data-lazy-srcset=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" data-lazy-src=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=200&#038;d=mm&#038;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=200&#038;d=mm&#038;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                       <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD174010\">\n<p>  The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n<p>     <!--           <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/category\/price-analysis\/\" class=\"closeArticle2 close-btn\">Close Story<\/a>--><\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bonk Price Prediction: The formation of an inverted head and shoulder pattern sets the BONK price rally to target $0.00002, Enter now? Published 11 seconds ago Bonk Price Prediction: Amidst the market excitement over the anticipated approval of Spot Bitcoin ETFs, the Solana-based memecoin Bonk has demonstrated a remarkable recovery from its support level of [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":229366,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[188,183,185,186,187,184,189,150,182,190],"class_list":["post-229365","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-blockchain-tech","tag-blockchain-technology","tag-crypto-technology","tag-cryptocurrency-technology","tag-metaverse-technology","tag-nft-technology","tag-soul-bound-token","tag-tech","tag-technology","tag-token-technology"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/229365","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=229365"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/229365\/revisions"}],"predecessor-version":[{"id":229367,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/229365\/revisions\/229367"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/229366"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=229365"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=229365"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=229365"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}