Bonk Price Prediction: 2024, 2025, 2030

BONK price prediction: Key highlights

 

1. Primary support and resistance levels

• On the daily time frame, $0.000032 was the highest resistance.
• $0.000015 can be anticipated as the lowest support.

2. Market sentiment

• As of August 2024, the BONK market has been observed to be bearish.  

3. Predictive forecasts

• Our AI/ML predictive algorithms project BONK’s average price to be $0.00006 in 2031 and $0.00009 in 2034.

Given below is a thorough daily technical analysis of BONK, followed by projections for the coming days of the month, upcoming months, and yearly forecast tables derived from our AI/ML-based predictive models: 

 

BONK technical analysis: Bulls accumulate as price dips

 

BONK has garnered massive popularity since the beginning of the year. However, its price journey has been less than smooth, prompting a closer look at the Bonk price prediction in 2024. The period started optimistically for the Solana-based token as it rallied from $0.000019.

 

This rally culminated in a brief test of $0.000026 in early July. AMBCrypto reported that this uptick was catalyzed by the Bonk decentralized autonomous organization’s (DAO) proposal to burn 84 billion tokens.

 

Despite a rejection, the token did not fall to previous lows, and the rally resumed by mid-month. Subsequently, the level was claimed, turning the market favorable for bulls. AMBCrypto’s analysis highlighted a pennant pattern close to a breakout over $0.000029. This materialized as the level was flipped, with the price testing the highest chart resistance of $0.000032. 

 

A price correction at this peak pulled the token back to $0.000026. Subsequent tests of reclaiming $0.000029 preceded a stronger market downturn. This led BONK to bottom out at the lowest analyzed support of $0.000017 in early August.
 

The low triggered a recovery as buyers entered the market, pushing the token over $0.000019. Nonetheless, the uptick was fleeting, and the price returned to the lowest floor by mid-month. At press time, the memecoin traded at $0.000018.

 

AMBCrypto recently revealed that a short-term rebound might follow. This could potentially allow the price to retest the current resistance. A move over it would reverse the market’s trend and open the way to a rally towards the peak barrier.
 

Nonetheless, bearish trends were expected to continue. Thus, a rejection at the immediate resistance could prompt the price to retrace its steps to the lowest support. Additionally, the report highlighted $0.000015 as a significant liquidity pool, potentially pulling the price to this level before any bullish reversal occurs.
 

The predictive models suggest a potential rise in BONK's value to $0.00006 by 2031 and a projected increase to $0.00009 by 2034. These forecasts indicate a promising future for BONK, envisioning it continuously achieving new highs.

 

BONK's 2024 roadmap: Key indicators to watch and trade

• The token’s trading volume followed the price’s movements. However, it surged with the price’s depreciation in early August but thereafter receded along with the downtrending price. 
• The Moving Average Convergence Divergence (MACD) and the signal line turned positive in mid-July. However, their ascent was reversed in late July, culminating in a bearish crossover. Furthermore, both dropped below the zero line in early August.
• By the analysis's end, a bullish crossover was noted, registering the MACD at -0.00000176, the signal line at -0.00000178, and the histogram at 0.00000002.
• The Bollinger bands expanded slightly when the price candles touched the upper band between early and late July. Meanwhile, the 20-day Moving Average (MA) was briefly flipped to support in early July and again mid-month. 
• However, the downtrend reinstated it as a resistance in late July. Moreover, the candles’ slight breach of the lower band in early August triggered substantial expansion. The volatility decreased from mid-month as the price stayed over the lower band yet still below the 20 MA, reflecting net selling pressure.