Will the rise restart? ---- BONKBONK was born in Solana. In the initial stage, it was used to airdrop to NFT holders in the ecosystem. Different from the current situation where meme is the speculation token, BONK holders have more crypto spirit. For BONK, the main pump is relying on the launch of the Solana phone. In order to encourage mobile phone sales, Solana airdropped Bonk to mobile phone users. The increase in topicality led to the increase in Bonk, which then led to an increase in mobile phone sales, and finally increased topicality. This is a classic meme marketing method.
There is another reason why we are talking about BONK today. But remember, this is just our surmise! ! ! It's no secret that DWF Labs is getting into the meme world. Neither Milady nor Floki has achieved 100% circulation, but they already have a good community. So among memes that have a good community and don't have full circulation, we find BONK. And in the following on DWF's X, we also found BONK. So, you get that. But this is all just our analysis and surmise, DYOR.
Returning to the technical level, the trend of BONK on Binance is to rise for a short time and correct for a long time. But the highs and lows are rising. We can see that on the TSB indicator, BONK is under a BUY signal. But the column has fallen back to the low rail of the wavy area. As we mentioned in the introduction to the indicator, under bullish signals, wavy areas provide support. So BONK may rebound at this position.
Introduction to indicators:
Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated.
KDMM (KD Momentum Matrix) is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
