I am not typically a meme coin investor, but I have taken a long position on Bonk. The reason for this is that the market is overheating, and I believe that Bitcoin (BTC) and Ethereum (ETH) are nearing the end of their bull runs. This implies that capital is rotating into higher-risk coins like Solana (SOL) and XRP, with meme coins like Dogecoin (DOGE) likely to follow.
To be clear, I don’t have a strong affinity for meme coins in principle. However, just because something starts as a joke doesn’t mean it can’t develop into a product with value and utility. Bonk actually has potential. Its technical analysis suggests that it is poised for a major pump, forming an ascending triangle with indications of a parabolic support line as we create higher lows since April 2025.
I am not saying everyone should buy Bonk, but I find this analysis interesting. As I mentioned, I have taken a position because I see significant upside potential in Q3 and Q4 for Bonk. Currently, we are situated right in the middle of its chart, which could mean gains of 150% or losses of 60% in this range. However, this offers more upside than downside. Of course, it could drop to zero, and none of this constitutes financial advice.
Aside from that, this could be a fun meme coin to watch, and personally, I like the odds of it making significant gains soon. Bonk appears to be a coiled spring ready to go. I did this analysis for fun since it’s not my usual focus on stocks like Apple or major cryptocurrencies like BTC, SOL, ETH, or the Magnificent Seven.
To be clear, I don’t have a strong affinity for meme coins in principle. However, just because something starts as a joke doesn’t mean it can’t develop into a product with value and utility. Bonk actually has potential. Its technical analysis suggests that it is poised for a major pump, forming an ascending triangle with indications of a parabolic support line as we create higher lows since April 2025.
I am not saying everyone should buy Bonk, but I find this analysis interesting. As I mentioned, I have taken a position because I see significant upside potential in Q3 and Q4 for Bonk. Currently, we are situated right in the middle of its chart, which could mean gains of 150% or losses of 60% in this range. However, this offers more upside than downside. Of course, it could drop to zero, and none of this constitutes financial advice.
Aside from that, this could be a fun meme coin to watch, and personally, I like the odds of it making significant gains soon. Bonk appears to be a coiled spring ready to go. I did this analysis for fun since it’s not my usual focus on stocks like Apple or major cryptocurrencies like BTC, SOL, ETH, or the Magnificent Seven.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.