Bonk Price Prediction: 2024, 2025, 2030

BONK price prediction: Key highlights

1. Primary support and resistance levels

• Over the daily timeframe, $0.000042 can pose a significant resistance to an uptrend. 
• $0.000011 can likely be the lowest price floor for the token.

2. Market sentiment

• The BONK market has been observed to be neutral to bearish in April 2024.

3. Predictive forecasts

• Our AI/ML predictive models anticipate BONK to attain an average trading price of $0.001 in 2029 and $0.1 in 2035.

Take a glance at a thorough daily technical analysis of BONK, followed by the coming days of the month, upcoming months, and yearly forecast tables derived from our AI/ML-based predictive models: 

BONK technical analysis: Bulls aim for a comeback

BONK is a relatively new entrant in the market, and the daily chart provided a more detailed outlook for Bonk's price prediction in 2024. The period commenced on a bullish note for the Solana-based token, as it bounced up from its support at $0.000021
 

The momentum was carried forward as BONK attained a new all-time high (ATH). Simultaneously, a new peak resistance was established at $0.000042. This peak was followed by a price correction due to the token’s overvalued status. 

The bulls tried to halt further declines at $0.000028. An initial breach of this level was followed by an attempt to test and overcome the resistance at $0.000033. However, the price faced repeated rejections, ultimately falling below $0.000028, turning it into a resistance.

Buyers managed to hold $0.000021 as a cushion to rally towards $0.000028. Nonetheless, this rally faced considerable resistance, leading the price to drop again. An increase in selling pressure close to mid-April broke the resilience of $0.000021.
 

A drop below this led BONK to the low support of $0.000014. After briefly falling below this level in mid-April, the token bounced back to test the support-turned-resistance at $0.000021. As the analysis concluded, the memecoin exchanged hands at $0.000020.

AMBCrypto reported that BONK’s Social Volume spiked due to this pump. Open Interest (OI) also saw an uptick. Furthermore, aggregated liquidations indicated that numerous short positions were liquidated during the upward move, which further propelled prices higher. Despite this, the Funding Rate and the Weighted Sentiment continued to be negative. 

A sustained bullish rally could elevate the price back to $0.000033 in 2024. The continued trajectory can lead BONK to reclaim its ATH. Overcoming this level could put $0.000050 as the next likely target. 
 

This bullish scenario is supported by predictive models, suggesting a potential rise in BONK's value to $0.001 in 2029, with a projected ascent to $0.1 by 2035. Such forecasts point towards a promising future for BONK, envisioning it to achieve new ATHs continuously. 

If the selling pressure increases, the token can likely find respite at $0.000013. A fall below this level could suggest that BONK is on its way to reaching the previous low of $0.000011. This movement would increase the likelihood of a bearish market trend.

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

• The trading volume increased in tandem with the bullish market trend. However, this uptrend did not last, as the price correction led to a decrease in volume again. The recent price recovery was mirrored in the volume. This reflected the presence of investor confidence.
• The Moving Average Convergence Divergence (MACD) and its signal line started out strong above the zero line, with the former being dominant. By mid-March, the MACD line declined below the signal line. 
• The downward movement continued, with the MACD line crossing below the zero line in April, further confirming the bearish trend. The signal line also moved below the zero line shortly after.
• As a price bumped from its low support on the chart, the MACD line moved above the signal line. At the time of this analysis, the MACD line was at -0.00000131, the signal line at -0.00000184, and the histogram at 0.00000053. These values indicated that while the overall trend remained bearish, there was some short-term bullish momentum.
• At the outset, the price candles surged above the upper Bollinger Band, causing them to expand significantly. Given the rejection, the price dropped below the upper band and even moved below the 20-day moving average (MA) by mid-March, causing the bands to contract. 
• Toward the end of the month, the price candles ascended above the MA once again, only to dip shortly thereafter. As the price retreated to its lowest support level, the candles fell below the lower band, resulting in a slight expansion. 
• Nearing the end of the analysis period, the price managed to maintain its position above the MA, yet it remained below the upper band. This suggested a slight increase in buying pressure.