Bonk (BONK) Price Prediction 2024, 2025–2030 | CoinCodex (2024)

According to our current Bonk price prediction, the price of Bonk is predicted to rise by 221.53% and reach $ 0.000127 by June 28, 2024. Per our technical indicators, the current sentiment is Bullish while the Fear & Greed Index is showing 72 (Greed). Bonk recorded 16/30 (53%) green days with 18.06% price volatility over the last 30 days. Based on the Bonk forecast, it's now a good time to buy Bonk.

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Based on the historical price movements of Bonk and the BTC halving cycles, the yearly low Bonk price prediction for 2025 is estimated at $ 0.00003957. Meanwhile, the price of Bonk is predicted to reach as high as $ 0.000183 next year. Using the same basis, here is the Bonk price prediction for each year up until 2030.

Bonk price prediction 2025

The Bonk price prediction for 2025 is currently between $ 0.00003957 on the lower end and $ 0.000183 on the high end. Compared to today’s price, Bonk could gain 360.89% by 2025 if BONK reaches the upper price target.

Bonk price prediction 2030

The Bonk price prediction for 2030 is currently between $ 0.00009517 on the lower end and $ 0.000154 on the high end. Compared to today’s price, Bonk could gain 289.11% by 2030 if it reaches the upper price target.

Bonk's 50-Day, 200-Day Simple Moving Averages and 14-Day Relative Strenght Index - RSI (14)

Based on our technical indicators, Bonk's 200-day SMA will rise in the next month and will hit $ 0.00002824 by Jun 28, 2024. Bonk's short-term 50-Day SMA is estimated to hit $ 0.00005750 by Jun 28, 2024.

The Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70). Currently, the RSI value is at 74.32, which indicates that the BONK market is in a overbought position. The RSI indicator suggests that the price of BONK will increase.

Popular BONK Moving Averages and Oscillators for Wed, May 29, 2024

Moving averages (MA) are a popular indicator in all financial markets, designed to smooth price action over a certain amount of time. They are a lagging indicator which means they are influenced by historical price activity. In the table below you can find two types of moving averages, simple moving average (SMA) and exponential moving average (EMA).

Bonk Oscillators

An oscillator is a technical analysis tool that constructs high and low bands between two extreme values, and then builds a trend indicator that fluctuates within these bounds. Traders use the trend indicator to discover short-term overbought or oversold conditions.

Bonk Key Price Levels

Based on today's classical pivot point (P1) with the value of $ 0.00004098, Bonk has support levels of $ 0.00003766, $ 0.00003402, and the strongest at $ 0.00003070. Similarly, Bonk resistance levels are at $ 0.00004462, $ 0.00004794, and $ 0.00005158.

Bonk Correlation

Over the past 7 days, Bonk price was most positively correlated with the price of Floki Inu (FLOKI), Dogwifhat (WIF), Bitget Token (BGB), BOOK OF MEME (BOME) and Chiliz (CHZ) and most negatively correlated with the price of OKB (OKB), AIOZ Network (AIOZ), Bitcoin Cash (BCH), TRON (TRX) and Quant (QNT).

Bonk price is negatively correlated with the top 10 coins by market cap with a price of -0.001, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.109.

Currencies that are positively correlated with Bonk indicate that the movement of one has a statistically significant weight to lead the other in the same direction. For currencies that are negatively correlated with Bonk, a move in one direction for Bonk would translate into a move in the opposite direction for the negatively correlated coin.

To get a better idea of what could happen to the Bonk price in the future, it’s helpful to also explore Bonk’s price history. In the last month, the BONK/USD pair is down .

How to read and predict Bonk price movements?

Bonk traders use a variety of tools to try and determine the direction in which the BONK market is likely to head next. These tools can roughly be divided into indicators and chart patterns. When trying to predict the Bonk price, traders also try to identify important support and resistance levels, which can give an indication of when a downtrend is likely to slow down and when an uptrend is likely to stall.

Bonk Price Prediction Indicators

Moving averages are among the most popular Bonk price prediction tools. As the name suggests, a moving average provides the average closing price for BONK over a selected time frame, which is divided into a number of periods of the same length. For example, a 12-day simple moving average for BONK is a sum of BONK’s closing prices over the last 12 days which is then divided by 12.

In addition to the simple moving average (SMA), traders also use another type of moving average called the exponential moving average (EMA). The EMA gives more weight to more recent prices, and therefore reacts more quickly to recent price action.

50-day, 100-day and 200-day moving averages are among the most commonly used indicators in the crypto market to identify important resistance and support levels. If the BONK price moves above any of these averages, it is generally seen as a bullish sign for Bonk. Conversely, a drop below an important moving average is usually a sign of weakness in the BONK market.

Traders also like to use the RSI and Fibonacci retracement level indicators to try and ascertain the future direction of the BONK price.

How to read Bonk charts and predict price movements?

Most traders use candlestick charts, as they provide more information than a simple line chart. Traders can view candlesticks that represent the price action of Bonk with different granularity – for example, you could choose a 5-minute candlestick chart for extremely short-term price action or choose a weekly candlestick chart to identify long-terms trends. 1-hour, 4-hour and 1-day candlestick charts are among the most popular.

Let’s use a 1-hour candlestick chart as an example of how this type of price chart gives us information about opening and closing prices. The chart is divided into “candles” that give us information about Bonk’s price action in 1-hour chunks. Each candlestick will display BONK’s opening price, closing price, as well as the highest and lowest prices that Bonk reached within the 1-hour period.

It’s also important to pay attention to the color of the candle – a green candle means that the closing price was higher than the opening price, while a red candle tells us the opposite. Some charts will use hollow and filled candlestick bodies instead of colors to represent the same thing.

What affects the price of Bonk?

Just like with any other asset, the price action of Bonk is driven by supply and demand. These dynamics can be influenced by fundamental events such as block reward halvings, hard forks or new protocol updates. Regulations, adoption by companies and governments, cryptocurrency exchange hacks, and other real-world events can also affect the price of BONK. The market capitalization of Bonk can change significantly in a short period of time.

When trying to make a Bonk forecast, many traders also try to monitor the activity of BONK “whales”, which are entities and individuals that control large amounts of BONK. Since the Bonk market is relatively small compared to traditional markets, “whales” can single-handedly have a big influence on Bonk’s price movements.

Bullish and bearish price prediction patterns

Some traders try to identify candlestick patterns when making cryptocurrency price predictions to try and get an edge over the competition. Some candlestick formations are seen as likely to forecast bullish price action, while others are seen as bearish.