BONK Catches the Eye of Prominent Traders, Anticipating More Upside if Market Conditions Improve

Bonk's BONK/USD current relative strength in a downtrending market caught the eye of outstanding traders, who are eager to see extra upside if market conditions improve.

Outstanding merchants are keeping track of meme coin Bonk (BONK) as a result of its power within the downtrending market.

Outstanding merchants Chilly Blooded Shiller and Mayne highlighted Bonk’s power on Monday.

Merchants are desirous to see extra upside from Bonk if market situations enhance.

Outstanding merchants highlighted meme coin Bonk’s (BONK) power in a downtrending market on Monday.

Bonk’s Power: Outstanding dealer Chilly Blooded Shiller observed Bonk’s power on the every day chart. He famous that the meme coin was rejected as soon} as from a serious resistance stage however added that it “appears to be like good worth.”

Crypto dealer Mayne additionally highlighted Bonk’s power compared to one other meme coin, Dogwifhat.

Millionaire dealer ‘Bonk man’ pointed to Bonk’s current power, anticipating extra upside within the coming months.

One more closely adopted crypto dealer tweeted that Bonk “has confirmed a bullish market construction reversal round a macro assist degree, which is a optimistic signal.” He famous that the upside potential is “large,” however merchants ought to keep away from chasing a inexperienced candle and await the next low.

Bonk, an “Shiba Inu on Solana,” surged in worth final week after rumors surfaced that common buying and selling platform Robinhood is planning so as to add cryptocurrency futures buying and selling in each the U.S. and Europe.

The affect of meme cash and Bitcoin as an institutional asset class will probably be mentioned intimately at Benzinga’s upcoming Future of Digital Assets occasion on Nov. 19.

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