Bonk Price Prediction: 2024, 2025, 2030

BONK price prediction: Key highlights

1. Primary support and resistance levels

• On the daily time frame, $0.0000217 was the highest resistance.
• $0.0000146 can be anticipated as the lowest support.

2. Market sentiment

• As of September 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 $0.0000500 in 2031 and $0.0000900 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: Bears suppress recovery attempts

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 pessimistically, for the Solana-based token encountered substantial losses.

This led BONK to depreciate at the lowest analyzed support of $0.0000157 in early August. The low triggered a recovery as buyers entered the market, pushing the token over $0.0000200. Nonetheless, the simultaneous test of the highest resistance at $0.0000217 was rejected.

Consecutive drops dragged the token to a low of $0.0000175 by mid-month. AMBCrypto revealed that a short-term rebound might follow. This materialized as the price surged to exceed the highest barrier. However, dominant red candles from late August erased these gains.
 

By September, BONK tested the support at $0.0000164. The bearish stronghold led to the price falling below it and bottoming out at the lowest support. AMBCrypto’s analysis highlighted that the token was close to a breakout from a descending trendline on the four-hour chart, which could lead to further gains. Thus, the token reclaimed $0.0000164.

The upward momentum carried it slightly over $0.0000175 in mid-September. Nevertheless, the bulls could not flip it, and BONK dropped again. At press time, the memecoin traded at $0.0000166.

How high/low can BONK go in 2024?

AMBCrypto’s recent examination showed BONK struggling to break a critical long-term trendline resistance at $0.0000180 after the Q2 downtrend. If Bitcoin (BTC) stays below $60,000, the token’s recovery is unlikely, and it can potentially drop to the lowest support.
 

In an extended downtrend, the price may go as low as $0.0000146. Nonetheless, a breakout above the resistance could push the price above $0.0000200. This would open the way to challenging and flipping the highest resistance.
 

The predictive models suggest a potential rise in BONK's value to $0.0000500 by 2031 and a projected increase to $0.0000900 by 2034. These forecasts indicate BONK’s slow yet promising future, envisioning it continuously achieving new highs.

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

• The token’s trading volume surged with the price’s depreciation in early August. However, it later receded along with the downtrending price, highlighting low investor activity. 
• The Moving Average Convergence Divergence (MACD) and the signal line turned negative in early August. However, their decline was reversed in late August, culminating in a bullish crossover. 
• After a bearish crossover in early September, the MACD line moved over the signal line again by the second week. At press time, the MACD was at -0.00000068, the signal line at -0.00000086, and the histogram at 0.00000017.
• The Bollinger Bands’ initial expansion was triggered by the price’s frequent contact with the lower band. The temporary flip of the 20-day Moving Average (MA) into support in late August brought the bands closer.
• However, this was reversed shortly. A similar contraction repeated briefly in mid-September. These dynamics reflected dominant selling pressure.