Tue, April 23

Bonk (BONK) Price Prediction 2024, 2025, 2026-2030

Bonk (BONK) Price Prediction Crypto Price Prediction
  • Bullish BONK price prediction for 2024 is $0.00004854 to $0.00011411.
  • Bonk (BONK) price might reach $0.0005 soon.
  • Bearish (BONK) price prediction for 2024 is $0.00001120.

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

TABLE OF CONTENTS
INTRODUCTION
  • Bonk (BONK) Current Market Status
  • What is Bonk (BONK)?
  • BONK 24H Technicals
BONK (BONK) PRICE PREDICTION 2024
  • Bonk (BONK) Support and Resistance Levels
  • Bonk (BONK) Price Prediction 2024 — RVOL, MA, and RSI
  • Bonk (BONK) Price Prediction 2024 — ADX, RVI
  • Comparison of BONK with BTC, ETH
BONK (BONK) PRICE PREDICTION 2025, 2026-2030
CONCLUSION
FAQ

Bonk (BONK) Current Market Status

Current Price $0.00001411
24 – Hour Price Change 9.53% Down
24 – Hour Trading Volume $153,585,875
Market Cap $917,969,207
Circulating Supply 65,191,332,386,576 BONK
All – Time High $0.00004704 (On Mar 04, 2024)  
All – Time Low $0.00000009197 (On Dec 31, 2022)  
BONK Current Market Status (Source: CoinMarketCap)

What is Bonk (BONK)

TICKERBONK
BLOCKCHAINBonk
CATEGORYDEXs
LAUNCHED ONDecember 2022
UTILITIESGovernance, 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. 

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 88th 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 Horizontal Channel Pattern (Source: TradingView)

In the above chart, Bonk (BONK) laid out a horizontal channel pattern. A horizontal channel or sideways trend has the appearance of a rectangle pattern. It consists of at least four contract points. This is because it needs at least two lows to connect, as well as two highs. Horizontal channels provide a clear and systematic way to trade by providing buy and sell points. The longer the horizontal channel, the stronger the exit movement will be. There is frequently a price on the channel after exit. The exit often occurs at the fourth contact point on one of the horizontal channel’s lines.

At the time of analysis, the price of Bonk (BONK) was recorded at $0.00001411. If the pattern trend continues, then the price of BONK might reach the resistance levels of $0.00004004, and $0.00016028. If the trend reverses, then the price of BONK may fall to the support of $0.00002039, and $0.00001010..

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$0.00004854
Resistance Level 2$0.00011411
Support Level 1$0.00002302
Support Level 2$0.00001120

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.

INDICATORPURPOSEREADINGINFERENCE
50-Day Moving Average (50MA)Nature of the current trend by comparing the average price over 50 days50 MA = $0.00002233Price = $0.00003664
(50MA < Price)
Bullish/Uptrend
Relative Strength Index (RSI)Magnitude of price change;Analyzing oversold & overbought conditions65.26786749
<30 = Oversold
50-70 = Neutral>70 = Overbought
Neutral
Relative Volume (RVOL)Asset’s trading volume in relation to its recent average volumesAbove cutoff lineStrong 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).

INDICATORPURPOSEREADINGINFERENCE
Average Directional Index (ADX)Strength of the trend momentum48.65108476Strong Trend
Relative Volatility Index (RVI)Volatility over a specific period55.88
<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$0.0007$0.000010
Bonk (BONK) Price Prediction 2026$0.0008$0.000009
Bonk (BONK) Price Prediction 2027$0.0012$0.000008
Bonk (BONK) Price Prediction 2028$0.0019$0.000007
Bonk (BONK) Price Prediction 2029$0.0026$0.000006
Bonk (BONK) Price Prediction 2030$0.003$0.000005

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 $0.00011411. Comparatively, if unfavorable sentiment is triggered, the bearish Bonk (BONK) price prediction for 2024 is $0.00001120.

If the market momentum and investors’ sentiment positively elevate, then Bonk (BONK) might hit $0.0005. 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 $0.0005?

If Bonk (BONK) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $0.0005 soon.

7. What will be the Bonk (BONK) price by 2025?

Bonk (BONK) price might reach $0.0007 by 2025.

8. What will be the Bonk (BONK) price by 2026?

Bonk (BONK) price might reach $0.0008 by 2026.

9. What will be the Bonk (BONK) price by 2027?

Bonk (BONK) price might reach $0.0012 by 2027.

10. What will be the Bonk (BONK) price by 2028?

Bonk (BONK) price might reach $0.0019 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

A journalism graduate who is passionate about writing loves to dance and travel currently starts exploring blockchain technology.