BONK’s 10% Surge: Is This Dog About to Fetch $0.00002 and Break the Internet?

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  • BONK, having apparently dined on some particularly stimulating kibble, bounded up by nearly 10%, piquing the interest of bullish sorts everywhere. 🐶🚀
  • With both on-chain soothsayers and technical tea-leaf readers grinning, whispers of a breakout are swirling ever more enthusiastically.

Picture, if you will, Bonk [BONK] capering along a rising wedge pattern since the 4th of March – picture Jeeves himself guiding the price up a butler-approved, ever-so-tidy incline. The memecoin’s loyal adherence to this trendline recalls a dachshund anxious not to stray from the garden path.

April arrived, bringing with it BONK’s dramatic swan dive to a low of $0.00000884. Fortunately, much like a bouncy rubber ball (or a Wooster after one too many lemonades), it rebounded briskly and trotted ever upwards.

From that low point, BONK has continued on a jolly old bull run, tiptoeing neatly along the wedge’s support—as if fearful Bertie himself were about to step on it.

The latest spring off support has brought a delightful flush to the cheeks of BONK holders everywhere, injecting a dash of optimism (and possibly some mild frothing at the mouth).

CoinMarketCap’s numbers confirm that BONK pounced by almost 10%—a development that positively reeks of bullish momentum. Astrologers consult the heavens, but in crypto, nothing says “exciting times ahead” like price compressing inside a pattern that looks suspiciously like a slice of lemon pie. 🍋

Stochastic RSI—Or the Oracle’s Teacup 🍵

On the technical side, the so-named Stochastic RSI lounges in an “oversold” alcove on the daily chart, which is chartist-speak for “something dramatic may be about to happen, and it needn’t involve newts in the bath.”

Less selling, more hope: if BONK keeps its current tempo, the wedge might just swing wide for a bullish breakout in the near future—or at least cause a stir at the Drones Club.

On-chain Metrics or Prophecies of the Blockchain Seers 🧐

The blockchain is abuzz with bullish gossip: AMBCrypto’s analysis of CoinGlass data reveals BONK’s Weighted Funding Rates, snoozing peacefully between 0% and 0.02% during this consolidation. No rowdy over-leverage here—phew. That means no sudden, violent liquidations to wake Aunt Agatha.

Sprinkling even more hope on this bullish pudding are the Liquidation Heatmaps. Feast your eyes: clusters of liquidity are lurking above the $0.00002 mark, ready to dash headlong for the exit should the bulls decide to charge.

the whole setup is positively spiffing for bulls.

Should BONK vault over the mythical $0.00002 threshold, don’t be surprised if it unleashes a deluge to test new resistance levels. Umbrellas at the ready, chums! ☔️

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2025-05-09 07:26