BONK? Seriously, is this about to explode?!

I am not typically a meme coin investor, but I have taken a long position on Bonk. The reason for this is that the market is overheating, and I believe that Bitcoin (BTC) and Ethereum (ETH) are nearing the end of their bull runs. This implies that capital is rotating into higher-risk coins like Solana (SOL) and XRP, with meme coins like Dogecoin (DOGE) likely to follow.

To be clear, I don’t have a strong affinity for meme coins in principle. However, just because something starts as a joke doesn’t mean it can’t develop into a product with value and utility. Bonk actually has potential. Its technical analysis suggests that it is poised for a major pump, forming an ascending triangle with indications of a parabolic support line as we create higher lows since April 2025.

I am not saying everyone should buy Bonk, but I find this analysis interesting. As I mentioned, I have taken a position because I see significant upside potential in Q3 and Q4 for Bonk. Currently, we are situated right in the middle of its chart, which could mean gains of 150% or losses of 60% in this range. However, this offers more upside than downside. Of course, it could drop to zero, and none of this constitutes financial advice.

Aside from that, this could be a fun meme coin to watch, and personally, I like the odds of it making significant gains soon. Bonk appears to be a coiled spring ready to go. I did this analysis for fun since it’s not my usual focus on stocks like Apple or major cryptocurrencies like BTC, SOL, ETH, or the Magnificent Seven.