$BONK / USDT โ BULLISH CONTINUATION AHEAD: MEMECOIN CYCLE SIGNALS ANOTHER LEG UP ๐๐๐๐๐คฃ๐คฃ๐คฃ๐ฅบ๐
Market Next Move (Bullish):
The chart reflects a clear yearly memecoin rotation patternโ$DOGE (2021), SHIBA (2022), $PEPE (2023), BONK (2024)โsuggesting a cyclical speculative wave that typically expands into the following year. Price structure shows higher lows, strong volume expansion during breakouts, and consolidation above key moving averages, indicating accumulation rather than distribution. This favors a bullish continuation into 2025 as liquidity rotates back into high-beta meme assets.
Trade Setup (Long)
Entry (Long): On pullback near key support / range low
Targets (TP):
TP1: Previous yearly high
TP2: 1.618 Fib extension of last impulse
TP3: Cycle breakout high (runner)
Stop Loss (SL): Below last higher low / range support
RiskโReward: Minimum 1:3
Market Outlook
As long as the broader crypto market remains risk-on, memecoins historically outperform during late-cycle momentum phases. BONK remains well-positioned to benefit from renewed retail interest and narrative-driven rallies going into 2025, with volatility expected to expand upward.
