Show

Coin

<p>Sjuul | AltCryptoGems, a top analyst, has identified potential bullish signals for the digital asset $BONK. In a <a href="https://x.com/AltCryptoGems/status/1782743975604232323" target="_blank" rel="noopener noreferrer nofollow">tweet</a>, the analyst shared a chart analysis, highlighting key patterns and levels that could suggest a favorable outlook for $BONK. He stated, “$BONK had a nice rally lately, now is consolidating just below a key resistance level. You can see a sort of cup &amp; handle pattern forming here. Pay attention for a possible breakout!”</p>
<h2 class="wp-block-heading" id="strong-breaking-the-bearish-trend-a-technical-turnaround-strong"><strong>Breaking the Bearish Trend: A Technical Turnaround</strong></h2>
<p>The chart, presented on a 4-hour candlestick timeframe, reveals a descending trendline connecting the lower highs from left to right. This trendline indicates that the market has been in a downtrend over the period covered. However, a significant development is the break of this descending trendline, which is typically considered a bullish signal, hinting at a potential change in trend from bearish to bullish.</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXdl_-euGsk5DkkR1DEQsBlfUKHUD4oXXtic3PamC8Ecq0lj_xMI0XUxvJ81H1dgrZpFqGoUXNnhX3Iv_algCyqV9ozgzSfd2GUY44BrHYlTWNBnqGQhAUXa0jGnHeLJjpg5oUyWovfbOJSEHmBCACsU-LD4?key=PEUi4gA4ATg15pFXxS8zaQ" alt="">
</figure>
<p>Moreover, one of the notable features highlighted by the analyst is a green-shaded support zone. This area represents a price level where the asset has found a floor, with buyers historically stepping in to provide a potential bounce for the price. Additionally, the chart illustrates a ‘Cup &amp; Handle’ pattern, a bullish continuation pattern that suggests a slow and steady recovery from a previous downtrend.</p>
<p>The ‘Cup’ portion of the pattern is a U-shape or rounding bottom, while the ‘handle’ is a smaller downward drift in price following the cup, indicating a final sell-off before a potential bullish breakout. Sjuul | AltCryptoGems has also annotated a ‘Minimum Price Target,’ which implies the potential upside that may be achieved if the pattern is confirmed.</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 $WIF, $PEPE, and $BONK? <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 new 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>
<h2 class="wp-block-heading" id="strong-flag-pattern-and-market-continuation-strong"><strong>Flag Pattern and Market Continuation</strong></h2>
<p>Moreover, after the breakout from the descending trendline, the chart shows a small consolidation in the form of a flag pattern. This continuation pattern suggests that after a strong move up (the pole), the price consolidates sideways or slightly downwards (the flag) before potentially continuing in the direction of the initial move.</p>
<p>Hence, analysts and traders will closely monitor the price action of $BONK to see if the bullish patterns identified by Sjuul | AltCryptoGems play out, potentially leading to a continuation of the upward move.</p>
<p><em><strong>Hunting for a small cap coin that could explode 10x? We’ve unveiled a few last week alone.<br>Get all our future calls by joining our&nbsp;<a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram community.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/Copy-of-P2P-Review-17-qi3pqhl3pi3mlojv8nq0upz5rcb68rblc7kuvhcaou.png" width="500" alt="Check NuggetRush ($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/bullish-breakout-imminent-for-bonk-memecoin-analyst-highlights-emerging-cup-and-handle-pattern-what-to-watch/" rel="noopener noreferrer nofollow">Bullish Breakout Imminent for BONK Memecoin: Analyst Highlights Emerging Cup and Handle Pattern – What to Watch</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Bullish Breakout Imminent for BONK Memecoin: Analyst Highlights Emerging Cup and Handle Pattern – What to Watch

Table of Contents

CaptainAltcoin

Další články publikované 23. 4. 2024

Binance Coin (BNB) Price Prediction: How High can BNB go?

Bitcoin Market Dynamics Still Positive Post-Halving – Bitfinex Analysis

Farcaster: Beginner’s Guide

3 Reasons Why Bitcoin Price Is UP – The 3rd One Is Obvious!

BEFE Coin Buzz: Riding the Wave of MEME Coin Trending Phenomenon

Crypto Market Surges: 5 Coins Defying Gravity on April 23

Join our free newsletter for daily crypto updates!