{"id":645792,"date":"2024-10-02T07:00:49","date_gmt":"2024-10-02T07:00:49","guid":{"rendered":"https:\/\/wncen.com\/?p=645792"},"modified":"2024-10-01T19:26:52","modified_gmt":"2024-10-01T19:26:52","slug":"bonk-in-prime-position-for-turbo-green-week-as-price-recovers-key-level","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bonk-in-prime-position-for-turbo-green-week-as-price-recovers-key-level\/","title":{"rendered":"Bonk \u2018In Prime Position For Turbo Green Week\u2019 As Price Recovers Key Level"},"content":{"rendered":"

Bonk continues its bullish rally as \u2018Uptober\u2019 begins, sparking a bullish sentiment among investors after the recent fear of a major pullback. The memecoin sensation kickstarted its Q4 journey positively, reclaiming crucial levels, with investors and crypto analysts forecasting a green weekly close.<\/p>\n

Related Reading: SUI Sees 15% Weekly Surge Ahead Of Token Unlock, Can It Hit New ATH In October?<\/a><\/div>\n

BONK Closes Q3 With 13% Surge<\/h2>\n

Bonk has seen a remarkable performance throughout the past two weeks, jumping 60% since September 15. The memecoin<\/a> broke above the multi-month downtrend line after successfully reclaiming the $0.000022 resistance level last Friday, registering a 38% surge in the past week.<\/p>\n

Additionally, the dog-themed sensation closed the month 48% above its opening price, revisiting levels before August\u2019s Black Monday. The token also saw a 13% increase from its Q3 opening, trading around $0.000025 as October started.<\/p>\n

This bullish price action propelled BONK\u2019s price above $0.000026 momentarily before retracing<\/a> back the $0.000024 support level, which some considered an extremely bullish signal for the token\u2019s future price action.<\/p>\n

According to crypto trader Astekz, BONK\u2019s monthly reclaim meant<\/a> that \u201cany consolidation\u201d above the breakout level is \u201cgiga bullish.\u201d Moreover, the token had a 13% increase in daily market activity in the past day, registering a daily trading volume of $795.3 million.<\/p>\n

Is A ‘Turbo Green Week’ In The Making?<\/h2>\n

Crypto analyst Bluntz noted<\/a> that, alongside all the strong memecoins, BONK had a \u201cswift\u201d recovery from the weekly dip following a \u201cperfect abc pullback.\u201d This performance put the memecoin \u201cin prime position for a turbo green week,\u201d which he further predicted after its Monday performance.<\/p>\n

To Bluntz, BONK is close to a breakout after spending three days of sideway moves. Additionally, the token reclaimed the 200-day Moving Average (DMA), which had been sitting above it for the past day.<\/p>\n

The trader considered that the token\u2019s next parabolic run could be \u201csustained\u201d and target the $0.000035 resistance level soon. Other market watchers echoed this sentiment, highlighting BONK\u2019s strength throughout the recent dips.<\/p>\n

Another analyst noted that the memecoin has moved<\/a> within a large symmetrical triangle since its March all-time high (ATH). The trader detailed that the token\u2019s price is moving closer to the pattern\u2019s resistance since forming a triple bottom at $0.000016.<\/p>\n

A breakout from the multi-month pattern could send the token\u2019s price to a potential 70% rally toward the previous ATH of $0.000045. Additionally, some investors believe that the cryptocurrency could be positively affected by the market\u2019s general performance this \u201cUptober<\/a>.\u201d<\/p>\n

Related Reading: WIF Bulls In Control As RSI Signals Strong Upside Potential<\/a><\/div>\n

Last October, the cryptocurrency started a massive rally that shredded two zeros from the token\u2019s price, closing Q3 2023 at $0.00014, a 6,900% surge. However, the BONK registered a price decline in the last few hours following Bitcoin\u2019s dip to $62,000.<\/p>\n

As of this writing, the memecoin is trading at $0.00023, a 2.9% drop in the daily timeframe.<\/p>\n

\"bonk\"
Bonk’s performance in the weekly chart. Source: BONKUSDT on TradingView<\/a><\/figcaption><\/figure>\n
Featured Image from Unsplash.com, Chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Bonk continues its bullish rally as \u2018Uptober\u2019 begins, sparking a bullish sentiment among investors after the recent fear of a major pullback. The memecoin sensation kickstarted its Q4 journey positively, reclaiming crucial levels, with investors and crypto analysts forecasting a green weekly close. Related Reading: SUI Sees 15% Weekly Surge Ahead Of Token Unlock, Can It Hit New ATH In October? BONK Closes Q3 With 13% Surge Bonk has seen a remarkable performance throughout the past two weeks, jumping 60% since September 15. The memecoin broke above the multi-month downtrend line after successfully reclaiming the $0.000022 resistance level last Friday, registering a 38% surge in the past week. Additionally, the dog-themed sensation closed the month 48% above its opening price, revisiting levels before August\u2019s Black Monday. The token also saw a 13% increase from its Q3 opening, trading around $0.000025 as October started. This bullish price action propelled BONK\u2019s price above $0.000026 momentarily before retracing back the $0.000024 support level, which some considered an extremely bullish signal for the token\u2019s future price action. According to crypto trader Astekz, BONK\u2019s monthly reclaim meant that \u201cany consolidation\u201d above the breakout level is \u201cgiga bullish.\u201d Moreover, the token had a 13% increase in daily market activity in the past day, registering a daily trading volume of $795.3 million. Is A ‘Turbo Green Week’ In The Making? Crypto analyst Bluntz noted that, alongside all the strong memecoins, BONK had a \u201cswift\u201d recovery from the weekly dip following a \u201cperfect abc pullback.\u201d This performance put the memecoin \u201cin prime position for a turbo green week,\u201d which he further predicted after its Monday performance. To Bluntz, BONK is close to a breakout after spending three days of sideway moves. Additionally, the token reclaimed the 200-day Moving Average (DMA), which had been sitting above it for the past day. The trader considered that the token\u2019s next parabolic run could be \u201csustained\u201d and target the $0.000035 resistance level soon. Other market watchers echoed this sentiment, highlighting BONK\u2019s strength throughout the recent dips. Another analyst noted that the memecoin has moved within a large symmetrical triangle since its March all-time high (ATH). The trader detailed that the token\u2019s price is moving closer to the pattern\u2019s resistance since forming a triple bottom at $0.000016. A breakout from the multi-month pattern could send the token\u2019s price to a potential 70% rally toward the previous ATH of $0.000045. Additionally, some investors believe that the cryptocurrency could be positively affected by the market\u2019s general performance this \u201cUptober.\u201d Related Reading: WIF Bulls In Control As RSI Signals Strong Upside Potential Last October, the cryptocurrency started a massive rally that shredded two zeros from the token\u2019s price, closing Q3 2023 at $0.00014, a 6,900% surge. However, the BONK registered a price decline in the last few hours following Bitcoin\u2019s dip to $62,000. As of this writing, the memecoin is trading at $0.00023, a 2.9% drop in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com<\/p>\n","protected":false},"author":614,"featured_media":645808,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,87477,90771,72612,87490,26263,10923,93117,93129,93128,89756,87108],"class_list":["post-645792","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bonk","tag-bonkusdt","tag-bullish-analysis","tag-bullish-run","tag-crypto-analyst","tag-crypto-market","tag-crypto-market-q3","tag-crypto-market-q4","tag-crypto-market-retrace","tag-crypto-trader","tag-uptober"],"acf":[],"yoast_head":"\nBonk \u2018In Prime Position For Turbo Green Week\u2019 - Analyst<\/title>\n<meta name=\"description\" content=\"BONK recovered key resistance levels as Q3 closed, sparking a bullish sentiment about the token\u2019s performance this week.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/bonk-in-prime-position-for-turbo-green-week-as-price-recovers-key-level\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bonk \u2018In Prime Position For Turbo Green Week\u2019 - 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Her goal as a writer is to create informative, complete, and easily understandable pieces accessible to those entering the crypto space. After learning about cryptocurrencies in 2019, Rubmar became curious about the world of possibilities the industry offered, quickly learning that financial freedom was at the palm of her hand with the developing technology. From a young age, Rubmar was curious about how languages work, finding special interest in wordplay and the peculiarities of dialects. Her curiosity grew as she became an avid reader in her teenage years. She explored freedom and new words through her favorite books, which shaped her view of the world. Rubmar acquired the necessary skills for in-depth research and analytical thinking at university, where she studied Literature and Linguistics. Her studies have given her a sharp perspective on several topics and allowed her to turn every stone in her investigations. In 2019, she first dipped her toes in the crypto industry when a friend introduced her to Bitcoin and cryptocurrencies, but it wasn\u2019t until 2020 that she started to dive into the depth of the industry. As Rubmar began to understand the mechanics of the crypto sphere, she saw a new world yet to be explored. At the beginning of her crypto voyage, she discovered a new system that allowed her to have control over her finances. As a young adult of the 21st century, Rubmar has faced the challenges of the traditional banking system and the restrictions of fiat money. After the failure of her home country\u2019s economy, the limitations of traditional finances became clear. The bureaucratic, outdated structure made her feel hopeless and powerless amid an aggressive and distorted system created by hyperinflation. However, learning about decentralization and self-custody opened a realm of opportunities. Cryptocurrencies allowed her to experience financial control for the first time and expand her financial education. Moreover, the peculiar nature of the crypto community sparked Rubmar\u2019s curiosity about the other layers of the industry. As a result, she found a particular interest in discovering the diverse perspectives of investors, market watchers, experts, and developers. Her attempts to better understand the crypto space made her realize the strong links of the community with other industries, enriching her perspective of the sector. As someone who spends most of her day online, Rubmar enjoys finding the points where the crypto world meets with her other passions and hobbies \u00ad\u2013or her favorite memes. In her free time, she usually finds joy in different art forms. As a child, she enlisted in every extra-curricular activity in her hometown, including music classes, dancing, jewelry making, and the local chorus. Despite her many attempts to learn different instruments, Rubmar only knows how to play the xylophone, which she played for 7 years in her school\u2019s marching band. She also has a passion for learning new languages and cultures, having set the goal to learn another six languages \u00ad\u2013 currently attempting to learn Italian and Korean. Scrapbooking, paper crafting, and bookbinding are her biggest interests outside of work, constantly taking classes and attending workshops to learn new techniques. The rest of her free time is spent stressing over football matches and transfer market news or feeding cats \u2013hers or stray. 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Her goal as a writer is to create informative, complete, and easily understandable pieces accessible to those entering the crypto space. After learning about cryptocurrencies in 2019, Rubmar became curious about the world of possibilities the industry offered, quickly learning that financial freedom was at the palm of her hand with the developing technology. From a young age, Rubmar was curious about how languages work, finding special interest in wordplay and the peculiarities of dialects. Her curiosity grew as she became an avid reader in her teenage years. She explored freedom and new words through her favorite books, which shaped her view of the world. Rubmar acquired the necessary skills for in-depth research and analytical thinking at university, where she studied Literature and Linguistics. Her studies have given her a sharp perspective on several topics and allowed her to turn every stone in her investigations. In 2019, she first dipped her toes in the crypto industry when a friend introduced her to Bitcoin and cryptocurrencies, but it wasn\u2019t until 2020 that she started to dive into the depth of the industry. As Rubmar began to understand the mechanics of the crypto sphere, she saw a new world yet to be explored. At the beginning of her crypto voyage, she discovered a new system that allowed her to have control over her finances. As a young adult of the 21st century, Rubmar has faced the challenges of the traditional banking system and the restrictions of fiat money. After the failure of her home country\u2019s economy, the limitations of traditional finances became clear. The bureaucratic, outdated structure made her feel hopeless and powerless amid an aggressive and distorted system created by hyperinflation. However, learning about decentralization and self-custody opened a realm of opportunities. Cryptocurrencies allowed her to experience financial control for the first time and expand her financial education. Moreover, the peculiar nature of the crypto community sparked Rubmar\u2019s curiosity about the other layers of the industry. As a result, she found a particular interest in discovering the diverse perspectives of investors, market watchers, experts, and developers. Her attempts to better understand the crypto space made her realize the strong links of the community with other industries, enriching her perspective of the sector. As someone who spends most of her day online, Rubmar enjoys finding the points where the crypto world meets with her other passions and hobbies \u00ad\u2013or her favorite memes. In her free time, she usually finds joy in different art forms. As a child, she enlisted in every extra-curricular activity in her hometown, including music classes, dancing, jewelry making, and the local chorus. Despite her many attempts to learn different instruments, Rubmar only knows how to play the xylophone, which she played for 7 years in her school\u2019s marching band. She also has a passion for learning new languages and cultures, having set the goal to learn another six languages \u00ad\u2013 currently attempting to learn Italian and Korean. Scrapbooking, paper crafting, and bookbinding are her biggest interests outside of work, constantly taking classes and attending workshops to learn new techniques. The rest of her free time is spent stressing over football matches and transfer market news or feeding cats \u2013hers or stray. 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