The crypto market is showing signs of cautious optimism amid mixed macroeconomic signals. Bitcoin remains range-bound, consolidating above $60K, while Ethereum lingers near the $3K mark. Altcoins are seeing selective bullish momentum, with meme coins like Bonk (BONK) drawing attention due to increased social media activity and retail participation.

Bonk, built on Solana, has gained traction thanks to its low transaction fees and strong community engagement. It's currently experiencing volatile swings, offering opportunities for short-term traders. Momentum indicators suggest a potential breakout if broader market sentiment remains bullish. However, whale wallets are starting to offload at resistance levels, so caution is warranted.

Buy Position for BONK (Short-Term Swing):

Entry Zone: $0.00002100 – $0.00002200

Stop Loss: $0.00001980

Target 1: $0.00002500

Target 2: $0.00002700

Sell/Short Position (If Breakdown Occurs):

Entry Below: $0.00001950

Stop Loss: $0.00002080

Target 1: $0.00001750

Target 2: $0.00001600

In summary, Bonk is speculative but ripe for tactical plays. Traders should closely watch Solana's ecosystem trends and broader market cues before entering. Manage risk tightly. $BONK #Bonk #bonkupdate