🔵 #Can BTC Break $110K?#
Bitcoin recently broke above $107,000 and is currently trading around $105,000, just shy of its all-time high at $109,580. Do you think Bitcoin can set a new record and push past $110,000? Share your analysis and predictions with us!
🔵 #AI Token Market Cap Rebounds#
According to CoinGecko, the total market cap of the AI agent sector has rebounded to $6.862 billion, with a 1.2% increase in the past 24 hours. Notably, VIRTUAL surged 18.5%, and AI16Z rose 7.1%. Which AI tokens are you bullish on? How are you planning your portfolio strategy? Let’s hear your thoughts!
Is Bonk (BONK) Poised for More Gains? This Emerging Pattern Hints at an Upside Move
Date: Tue, May 06, 2025 | 07:50 AM GMT The cryptocurrency market has seen a much-needed relief rally over the past couple of weeks following a rocky start to 2025. Ethereum (ETH), for instance, plummeted nearly 45% in Q1 but has since bounced back with a strong 30% recovery from its April 9 low. This optimism is now rippling across the market— and Bonk (BONK), the Solana-based memecoin, is catching traders’ attention. $BONK has surged by an impressive 57% over the last 30 days, and current technicals suggest the rally may not be over just yet.
Source: Coinmarketcap Power of 3 in Play? Zooming into BONK’s 4-hour chart, a classic “Power of 3” setup appears to be unfolding — a pattern known for cycling through accumulation, manipulation, and expansion phases.
BONK 4H Chart/Coinsprobe (Source: Tradingview) Accumulation Phase: From April 26 to May 3, BONK moved sideways within a tight range, showing typical signs of accumulation as traders built positions.Manipulation Phase: Since May 4, the price dipped below support, likely triggering stop-losses and shaking out retail traders — a hallmark of the manipulation phase. This "fake-out" is often a precursor to a bigger move. Currently, BONK is challenging the key resistance level at $0.000018, which marks the low of the previous accumulation zone. A successful breakout above this level would confirm a transition into the expansion phase. The next target would be $0.000022 — the high of the previous accumulation range. If BONK manages to close above that, the chart hints at a strong upward move toward $0.000028, representing a potential 27% upside from the breakout point. The MACD on the 4H chart is starting to flip bullish, with the MACD line looking to cross above the signal line — often a reliable indicator of building buying momentum. BONK is also testing the 50-period moving average, which could act as a launchpad if broken with volume. Final Thoughts BONK’s technical setup is aligning with a potential breakout scenario, especially if the Power of 3 pattern fully plays out. Combined with a recovering market backdrop, the memecoin might be ready to post fresh gains. Still, as with any crypto play — especially memecoins — volatility can cut both ways. The expansion phase remains unconfirmed until BONK decisively clears resistance. Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before investing in cryptocurrencies.