Technical analysis by martinxi5u4 about Symbol PONKE: Buy recommendation (7/24/2024)

So, $PONKE just broke out of its ATH, and we are ready for a new price discovery. As seen on July 16th, Ponke broke through the ATH level resistance. We then reversed to the 0 Fibonacci level to retest the previous ATH as the new resistance level. This previous resistance level has now flipped to support, and this price level should present a great opportunity to add a long position. Given that this is a memecoin, a wide stop loss level is advisable; mine is set at 0.328. Ponke is a new memecoin that is predicted to be listed on major exchanges such as Coinbase, Binance, and KuCoin. There is much evidence to suggest that Ponke will soon skyrocket in price. This highly volatile coin will undoubtedly be an exciting project to follow. Ponke currently has a small market cap of 337M. My gut feeling is that this coin will surely reach a 1B market cap, and possibly even 10B or more.Updated charts:SL hit