- Bullish BONK price prediction for 2024 is $0.00004008 to $0.00006266.
- Bonk (BONK) price might reach $0.0001 soon.
- Bearish (BONK) price prediction for 2024 is $0.00001574.
In this Bonk (BONK) price prediction 2024, 2025-2030, we will analyze the price patterns of BONK by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
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TABLE OF CONTENTS |
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INTRODUCTION |
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BONK (BONK) PRICE PREDICTION 2024 |
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| BONK (BONK) PRICE PREDICTION 2025, 2026-2030 |
| CONCLUSION |
| FAQ |
Bonk (BONK) Current Market Status
| Current Price | $0.00003407 | 24 – Hour Price Change | 5.65% Down |
| 24 – Hour Trading Volume | $581.73M |
| Market Cap | $2.57B |
| Circulating Supply | 75.76T BONK | All – Time High | $0.00005916 (On Nov 20, 2024) |
| All – Time Low | $0.00000009197 (On Dec 30, 2022) |
(Source: CoinMarketCap)
What is Bonk (BONK)
| TICKER | BONK |
| BLOCKCHAIN | Bonk |
| CATEGORY | DEXs |
| LAUNCHED ON | December 2022 |
| UTILITIES | Governance, security, gas fees & rewards |
Bonk, the dog-themed memecoin on the Solana network, distinguishes itself by offering a level of utility not commonly found in meme coins. Created to restore liquidity to Solana-based decentralized exchanges (DEXs), Bonk has garnered attention for its practical use case within the crypto ecosystem.
With airdrops distributed to the Solana community and a focus on community-driven development, Bonk embodies the ethos of decentralized finance (DeFi). Its utility-driven approach sets it apart from other meme coins, positioning Bonk as a potential standout performer in the 2024 bull market.
The memecoin has recently announced the launch of its US ETP launch which has also propelled a price rally in the token. A New York-based firm, Osprey Funds plans to assist the Solana-based meme coin team to launch the ETP.
As Bonk aims to bring liquidity to Solana-based DEXs and foster community engagement, it emerges as a compelling asset for investors seeking financial freedom in the crypto space.
Bonk 24H Technicals
(Source: TradingView)
Bonk (BONK) Price Prediction 2024
Bonk (BONK) ranks 57th on CoinMarketCap in terms of its market capitalization. The overview of the Bonk price prediction for 2024 is explained below with a daily time frame.
BONK/USDT Symmetric Triangle Pattern (Source: TradingView)
In the above chart, Bonk (BONK) laid out a symmetric triangle pattern. A symmetrical triangle is made up of a falling upper trendline and a rising lower trendline. As the price approaches the apex, it will undoubtedly violate the upper trendline, resulting in a breakout and uptrend on rising prices, or it will breach the lower trendline, resulting in a breakdown and downtrend on falling prices.
After drawing two converging trendlines on a chart, a triangle can be seen.
The symmetrical triangle differs from the other triangle patterns in that it is a neutral pattern that does not lean in any direction. While the triangle itself is neutral, it still favours the existing trend’s direction, and traders look for breakouts in that direction.
At the time of analysis, the price of Bonk (BONK) was recorded at $0.00003407. If the pattern trend continues, then the price of BONK might reach the resistance levels of $0.00003941, and $0.0004931. If the trend reverses, then the price of BONK may fall to the support of $0.00003460 and $0.00003258.
Bonk (BONK) Resistance and Support Levels
The chart given below elucidates the possible resistance and support levels of Bonk (BONK) in 2024.
BONK/USDT Resistance and Support Levels (Source: TradingView)
From the above chart, we can analyze and identify the following as resistance and support levels of Bonk (BONK) for 2024.
| Resistance Level 1 | $0.00004008 |
| Resistance Level 2 | $0.00006266 |
| Support Level 1 | $0.00002533 |
| Support Level 2 | $0.00001574 |
BONK Resistance & Support Levels
Bonk (BONK) Price Prediction 2024 — RVOL, MA, and RSI
The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Bonk (BONK) are shown in the chart below.
BONK/USDT RVOL, MA, RSI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the current Bonk (BONK) market in 2024.
| INDICATOR | PURPOSE | READING | INFERENCE |
| 50-Day Moving Average (50MA) | Nature of the current trend by comparing the average price over 50 days | 50 MA = $0.00003732Price = $0.00003624 (50MA > Price) |
Bearish/Downtrend |
| Relative Strength Index (RSI) | Magnitude of price change;Analyzing oversold & overbought conditions | 43.58155040 <30 = Oversold 50-70 = Neutral>70 = Overbought |
Nearly Oversold |
| Relative Volume (RVOL) | Asset’s trading volume in relation to its recent average volumes | Below cutoff line | Weak Volume |
Bonk (BONK) Price Prediction 2024 — ADX, RVI
In the below chart, we analyze the strength and volatility of Bonk (BONK) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).
BONK/USDT ADX, RVI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the price momentum of Bonk (BONK).
| INDICATOR | PURPOSE | READING | INFERENCE |
| Average Directional Index (ADX) | Strength of the trend momentum | 18.05434028 | Weak Trend |
| Relative Volatility Index (RVI) | Volatility over a specific period | 54.68 <50 = Low >50 = High |
High Volatility |
Comparison of BONK with BTC, ETH
Let us now compare the price movements of Bonk (BONK) with that of Bitcoin (BTC), and Ethereum (ETH).
BTC Vs ETH Vs BONK Price Comparison (Source: TradingView)
From the above chart, we can interpret that the price action of BONK is dissimilar to that of BTC and ETH. That is, when the price of BTC and ETH increases, the price of BONK decreases, if the price of BTC and ETH decreases, the price of BONK increases.
Bonk (BONK) Price Prediction 2025, 2026 – 2030
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Bonk (BONK) between 2025, 2026, 2027, 2028, 2029, and 2030.
| Year | Bullish Price | Bearish Price |
| Bonk (BONK) Price Prediction 2025 | $0.0003 | $0.000009 |
| Bonk (BONK) Price Prediction 2026 | $0.0004 | $0.000008 |
| Bonk (BONK) Price Prediction 2027 | $0.0005 | $0.000007 |
| Bonk (BONK) Price Prediction 2028 | $0.0006 | $0.000006 |
| Bonk (BONK) Price Prediction 2029 | $0.0007 | $0.000005 |
| Bonk (BONK) Price Prediction 2030 | $0.0008 | $0.000004 |
Conclusion
If Bonk (BONK) establishes itself as a good investment in 2024, this year would be favorable to the cryptocurrency. In conclusion, the bullish Bonk (BONK) price prediction for 2024 is $0.00006266. Comparatively, if unfavorable sentiment is triggered, the bearish Bonk (BONK) price prediction for 2024 is $0.00001574
If the market momentum and investors’ sentiment positively elevate, then Bonk (BONK) might hit $0.0001. Furthermore, with future upgrades and advancements in the Bonk ecosystem, BONK might surpass its current all-time high (ATH) of $0.00004704 and mark its new ATH.
FAQ
1. What is Bonk (BONK)?
BONK is Solana’s first dog-themed coin “for the people, by the people,” with the Solana community receiving 50% of the cryptocurrency’s entire supply via airdrop.
2. Where can you buy Bonk (BONK)?
Traders can trade Bonk (BONK) on the following cryptocurrency exchanges such as Binance, GroveX, Bybit, OKX, and UZX.
3. Will Bonk (BONK) record a new ATH soon?
With the ongoing developments and upgrades within the Bonk Platform, Bonk (BONK) has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of Bonk (BONK)?
Bonk (BONK) hit its current all-time high (ATH) of $0.00004704 on Mar 04, 2024.
5. What is the lowest price of Bonk (BONK)?
According to CoinMarketCap, BONK hit its all-time low (ATL) of $0.00000009197 on Dec 31, 2022.
6. Will Bonk (BONK) hit $0.0001?
If Bonk (BONK) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $0.0001 soon.
7. What will be the Bonk (BONK) price by 2025?
Bonk (BONK) price might reach $0.0003 by 2025.
8. What will be the Bonk (BONK) price by 2026?
Bonk (BONK) price might reach $0.0004 by 2026.
9. What will be the Bonk (BONK) price by 2027?
Bonk (BONK) price might reach $0.0005 by 2027.
10. What will be the Bonk (BONK) price by 2028?
Bonk (BONK) price might reach $0.0006 by 2028.
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Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
