BONK crypto poised for Takeoff: Is Alt Season Approaching?

Who could have predicted that the pumps today would surpass those of yesterday? Bonk crypto is flourishing amid extensive market pumps. Bears are unmistakably feeling the pinch while bulls are relishing the continuation of robust market momentum.

As of this writing, Bitcoin is trading above $94,000. It easily closed above $92,000 and continues to rise, providing significant relief for altcoins, many of which are experiencing gains of over 20%.

$BONK

We’ve observed classic gap fills from daily trends to daily EMA100 – I mentioned this pattern a few days ago in the group.

This trend appears across all timeframes and tends to be quite accurate in both directions.

Additionally, here are the next trades I’m anticipating with $BONK. pic.twitter.com/An9ldRK9y8

— G O N Z O (@GonzoXBT) April 23, 2025

Numerous traders on CT anticipate that the BONK price will eventually reach a new ATH. Some are sharing PnL pictures in the millions from very early entries. It’s hard not to engage with such activity. But when is the optimal moment to get on board?

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BONK Crypto Gaining Strength: Next Targets

(BONKUSDT)

The BONK 1D chart illustrates distinct price action, making it possible to draw horizontal lines at significant levels. From the low of $0.09, BONK has appreciated by +70%. In my view, it may be too late to enter positions now, so I would recommend waiting for a bit of trading market stabilization.

The Cup and Handle pattern could emerge as a potential price action; however, it’s essential to first reclaim the zone between 0.0155 and 0.017. Following that, a 50% rise to 0.025 could be anticipated.

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Lower Timeframe Analysis – 4H Upward movement

(BONKUSDT)

The 4H chart also offers valuable insights. Price has broken and closed one candle above the lower red line – indicative of previous two highs. After retracing to the initial key level, this acts as the first resistance indication. I appreciate that we are above all MAs, and MA100 is on the verge of crossing above MA200 – commonly known as the golden cross.

The price is likely to consolidate within this range for some time until RSI cools off and returns to the 50-60 range. I’ll monitor this closely, with the last high being $0.014, which represents a potential base level and entry point.

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