Shiba

Cryptocurrency

Show

Shiba Inu

<p>An analysis by <a href="https://www.tradingview.com/chart/BONKUSDT/IujCWPEf-BONK-USDT/" target="_blank" rel="noopener noreferrer nofollow">CryptoAnalystSignal</a> on TradingView suggests that BONK’s price action suggests that the cryptocurrency may be gearing up for another surge. Technical analysis reveals the formation of a symmetrical triangle pattern on the 4-hour time frame, a pattern that is typically characterized by converging trendlines and can potentially signal a continuation of the prevailing trend.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="399" src="https://captainaltcoin.com/wp-content/uploads/2024/03/image-596-1024x399.png" alt="" class="wp-image-452274" srcset="https://captainaltcoin.com/wp-content/uploads/2024/03/image-596-1024x399.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-596-300x117.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-596-766x298.png 766w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-596-1536x598.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-596-2048x797.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-596-385x150.png 385w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-596-100x39.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-596-899x350.png 899w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-596-788x306.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-596.png 1606w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>One notable aspect is the presence of a support area around the 0.00002600 level, represented by the green zone on the chart. This area could act as a crucial floor, providing a potential entry point for traders looking to position themselves for a potential upward move.</p>
<p>The 100-period moving average, which is generally considered a measure of trend strength and direction, is positioned above the current price, indicating a higher level of stability for the asset.</p>
<p>Reinforcing the bullish narrative is the recent breakout of the triangle pattern to the upside, followed by a retest of the trendline. This retest could be interpreted as a potential confirmation of the breakout, as it allows traders who may have missed the initial move to enter at a more favorable price.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Explosion in Meme Coin Market; How to find potential successors to $BONK, $PEPE, and $WIF? <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" class="wp-smiley" style="height: 1em; max-height: 1em;">
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p>The key? Getting in early, especially during the <strong>ICO phase</strong>. Check out <a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow"><strong>NuggetRush</strong></a> today! This pioneering memecoin combines play-to-earn gaming with authentic gold mining ventures. <a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow"><strong>Seize the opportunity</strong></a> with ongoing presale prices! Plus, prepare for $NUGX’s upcoming launch on major exchanges.</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<p>The Relative Strength Index (RSI), a momentum oscillator that measures the speed and change of price movements, is currently exhibiting a downtrend that appears to be on the verge of breaking higher. A break above this downtrend could be interpreted as a bullish signal, suggesting potential for further upward momentum.</p>
<p>If the bullish scenario plays out, the first target for BONK could be around the 0.00003883 level. Traders may consider taking partial profits or adjusting their stop-loss levels at this point, depending on their risk management strategies.</p>
<p>Should the uptrend continue, the next key level to watch would be 0.00004365, followed by a potential third target at 0.00005121.</p>
<p>You may also be interested in:</p>
<ul>
 <li><a href="https://captainaltcoin.com/floki-burns-more-tokens-than-shiba-inu-shib-pepe-dogwifhat-wif-and-other-top-meme-coins-combined/" target="_blank" rel="noopener noreferrer nofollow">Floki Burns More Tokens Than Shiba Inu (SHIB), PEPE, Dogwifhat (WIF), and Other Top Meme Coins Combined</a></li>
 <li><a href="https://captainaltcoin.com/why-is-paysenger-ego-ego-token-price-pumping-expert-sets-his-eyes-on-this-next-target/" target="_blank" rel="noopener noreferrer nofollow">Why is Paysenger EGO (EGO) Token Price Pumping? Expert Sets His Eyes On This Next Target</a></li>
 <li><a href="https://captainaltcoin.com/new-cryptocurrency-opportunity-at-0-0115-for-investors-who-missed-shiba-inu-and-dogecoin-doge-rally/" target="_blank" rel="noopener noreferrer nofollow">New Cryptocurrency Opportunity at $0.0115 For Investors who Missed Shiba Inu and Dogecoin (DOGE) Rally</a></li>
</ul>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/Copy-of-P2P-Review-17-qi3pqhl3pi3mlojv8nq0upz5rcb68rblc7kuvhcaou.png" width="500" alt="Check NuggetRush ($NUGX)" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-nuggetrush-nugx-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check NuggetRush ($NUGX)</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy NUGX Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Being in its <strong>ICO stage</strong>, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>A unique <strong>play-to-earn</strong> gaming platform in the memecoin market <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>The platform combines artisanal and <strong>gold mining</strong> with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Fosters a strong <strong>community </strong>by encouraging physical meetups among members <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i><strong>NFT</strong> Integration with Prominent Characters
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/the-stage-is-set-for-bonk-to-surge-again-here-are-key-targets-to-watch/" rel="noopener noreferrer nofollow">The Stage Is Set for BONK to Surge Again, Here Are Key Targets to Watch</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

The Stage Is Set for BONK to Surge Again, Here Are Key Targets to Watch

Table of Contents

CaptainAltcoin

Other articles published on Mar 14, 2024

Solana (SOL) Sees Expansion; XRP Aims for an Upgrade; Borroe Finance Secures Millions in Presale

Meme Coin Whale Makes $3.39M Profit After Selling PEPE Holdings

How Will WIF Overtake Memecoin King DOGE in 85 Days; Expert Analysis by Miles Deutscher

Pepe Coin Whale Dumps 500B PEPE On Binance Amid Meme Coin Buzz

Hivemapper Maps 15% of Global Roads in 14 Months

Elliptic: Lazarus Group taps Tornado Cash to launder Heco Bridge, HTX hack proceeds

Join our free newsletter for daily crypto updates!