Bonk has gone on an incredible run this past month and with talks of Bonk being Solana’s version of SHIB, this could be a good buying opportunity if you’re looking to load up!
Running Fibs from low to high on our most recent swing, we can see price is holding around the 61.8% level which lines up with an hourly Order Block. The next buy level I’m looking at is the 79% which lines up with a 4 hour Order Block.
A move from the 61.8% back to all time high will yield an 83% gain while a move from the 79% back to all time high will yield 126%!
Market structure is still bearish but with the hype surrounding Bonk as of late and seeing that they are actually building tools and not just a useless memecoin, I am personally looking to increase my exposure to Bonk.
Bonk has gone on an incredible run this past month and with talks of Bonk being Solana’s version of SHIB, this could be a good buying opportunity if you’re looking to load up!
Running Fibs from low to high on our most recent swing, we can see price is holding around the 61.8% level which lines up with an hourly Order Block. The next buy level I’m looking at is the 79% which lines up with a 4 hour Order Block.
A move from the 61.8% back to all time high will yield an 83% gain while a move from the 79% back to all time high will yield 126%!
Market structure is still bearish but with the hype surrounding Bonk as of late and seeing that they are actually building tools and not just a useless memecoin, I am personally looking to increase my exposure to Bonk.