1. Summary

$BONK just experienced a large burn movement and many large token transfers between whale wallets → exchange; the market is reacting with a range test with short-term dump risk. (Do not chase).

• Price: ~0.00002246 USDT. • probe conditionally / waiting for breakout volume.

2. Market Overview

Recent catalyst: the 500B BONK burn has attracted community attention and several large token transfers (Galaxy-linked ~$18.75M transferred to Binance/Coinbase) creating liquidity volatility. Whale accumulation/rotation has also been noted but there are signs of divestment in some large wallets.

3. Technical Analysis

Short-term bias: neutral → slightly bullish if it holds above 0.00002260 and reclaims the 0.00002314–0.00002460 range; otherwise, it is likely to test support at 0.00002190. RSI 1H ~56 — slightly positive momentum but needs volume to continue.

4. Fundamental Analysis

Tokenomics: very large circulating supply (≈ 77–81T BONK; market cap ~ $1.7–1.8B), so any large burns/transfers will cause short-term price impact but do not change the basic tokenomics. Meme-token, heavily dependent on liquidity & whale flows.

5. Psychological Analysis

Sentiment: 2-way — the community is hyped due to burn/listing news, but professional traders may take profit quickly; on-chain data shows both accumulation and divestment, so FOMO is likely to be trapped.

6. Strategy

  • Entry (probe): buy cautiously if the price holds 0.00002190–0.00002220 with a green bounce candle + decreasing sell volume.

  • Entry (confirm): scale in when reclaiming & closing > 0.00002314 on increased volume; stronger if it exceeds 0.00002460.

  • Stop-loss: SL tranche below 0.00002130 (set tight for each order).

  • TP1 / TP2: TP1 0.00002460–0.00002550, TP2 0.00002800+ — scale out gradually when hitting resistance and when volume fades.

  • Early exit triggers: confirm whales pushing large amounts to exchanges (large inflow), or breakdown below SL with volume; manage risk with small orders and clear SL.