In the dynamic world of meme cryptocurrencies, notable players such as Shiba Inu (SHIB) and Pepe (PEPE) have recently witnessed remarkable price surges. This upward trend seems to have extended to the Solana-based meme coin, Bonk (BONK), which is showing promising signs of a bullish breakthrough. In this context, a seasoned crypto analyst has suggested that Bonk is currently in an ideal position for a substantial upward movement.
Analyst Predicts Ambitious Target at $0.000033
Bluntz, a well-respected crypto trader and analyst, has unveiled the next bullish target for Bonk. In a post on X (formerly Twitter) dated September 30, Bluntz highlighted that Bonk is poised for a “turbo green week.” Despite experiencing a brief and minor price dip recently, the analyst views this decline as a strategic opportunity for Bonk to enter a significantly bullish phase, potentially sparking a legendary rally.
Bluntz shared a detailed chart showcasing Bonk’s price trajectory over the past month, indicating a potential acceleration to new highs. The illustration predicts that Bonk’s price could rise within the range of $0.000028 to $0.000027 before settling at a support level between $0.000026 and $0.000025. Following this consolidation, Bonk is anticipated to soar to $0.00003, before briefly retracing to $0.000028. Ultimately, Bluntz envisions Bonk reaching a new peak of $0.000033 during the projected “turbo green week.” For this bullish breakout to materialize, Bonk would need to sustain three days of crucial sideways trading.
Currently, Bonk is trading at $0.00002, marking a modest increase of 3.86% over the past week. Achieving the projected high of $0.000033 would require the meme coin to climb approximately 65% from its present value.
Bonk Poised to Surpass Pepe
While maintaining an optimistic outlook on Bonk’s price trajectory, Bluntz suggests that Bonk may soon assume the leadership role among meme coins, potentially overtaking Pepe. As Bonk gathers momentum, Pepe’s performance appears to be slowing, despite having previously experienced a significant price surge.
The analyst has identified a “higher low” on the BONK/PEPE chart, signaling that Bonk is positioning itself for a more robust price rally compared to Pepe. Generally, a higher low occurs when a cryptocurrency’s price pulls back but remains above its previous low, indicating a possible continuation of an uptrend.
Bluntz notes that Bonk is currently among the top meme coins, including Dogwifhat (WIF) and Pepe, which are all exhibiting signs of strong bullish momentum. However, despite this positive analysis, Bonk has experienced a decline of over 10% in the past 24 hours.
The current price is at $0.000021, as observed on the BONKUSDT chart on Tradingview.com.
