Bonk (BONK) Price Prediction 2024-2030: Will BONK Price Hit $0.001 Soon?

• The bullish BONK price prediction ranges from $0.00005643 to $0.00006753.
• Analysis suggests that the BONK price might reach above $0.00009785 soon.
• The BONK bearish market price prediction for 2024 is $0.00000949.

What is BONK?

BONK has garnered the attention of several meme coin enthusiasts and has become popular. This is evident from the listing announcements made by several centralized exchanges. BONK, as described by the team, is a utility and social token developed to “empower the Solana ecosystem’s community and developers.” 

BONK was formed at the end of the bear market in 2022. Based on the report, BONK’s distribution is expected to offer a “morale boost through a well-timed airdrop.” It is also dubbed the ‘Solana Ecosystem Social Token’.

One of the reasons why BONK garnered the attention of investors was due to the fair distribution model—a strategy that distributed 50% of BONK tokens to existing Solana users, developers, and creators. 

Highlighting the achievements over the period of time, the team has also boasted that BONK is “the third most transacted token on the Solana network, other than Solana itself and USDC.” BONK is focused on collaborating within the Solana community to develop new use cases and foster collaborations to enhance its utility in the ever-evolving cryptocosmos.

Bonk (BONK) Market Overview

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BONK Current Market Status

BONK is currently priced at $0.00002675, experiencing a 74.33% spike in just 24 hours. Moreover, BONK is ranked in the 46th position based on CoinMarketCap’s Market Cap ranking. BONK’s market cap is valued at $327,378,421 after experiencing a 75.45% increase in just one day.

Meanwhile, BONK’s trading volume is valued at $1,436,921,481, experiencing a surge of 412.33% in just 24 hours, indicating that the trader’s demand for the altcoin is rising. BONK has a circulating supply of 60,837,624,528,359 BONK, while its maximum supply is 100,000,000,000,000 BONK. 

BONK can be exchanged on many exchanges, such as Binance, KuCoin, Coinbase, Raydium, ByBit, Gate.io, and Bitget.

BONK Price Analysis 2024

Will BONK’s most recent improvements, additions, and modifications help the BONK price rise? There are speculations that the utility features and community excitement could be driving force for BONK to surge. Before confirming this theory, let’s focus on the charts in this article’s BONK price forecast.

BONK Price Analysis – Bollinger Bands

The Bollinger Bands are a technical analysis tool that is used to analyze price movement and volatility. Bollinger Bands (BB) utilize the time period and the standard deviation of the price. Normally, the default value of BB’s period is set at 20. The upper band of the BB is calculated by adding 2 times the standard deviations to the Simple Moving Average (SMA), while the lower band is calculated by subtracting 2 times the standard deviation from the SMA. Based on the empirical law of standard deviation, 95% of the data sets will fall within the two standard deviations of the mean. 

Looking at the chart, the candlesticks were trading most of their time in the top half of the Bollinger Bands as it continued to move upwards. During their upward journey, the candlesticks continued to test the upper band of the indicator. This is often viewed as overbought momentum by most traders. Recently, the candlesticks hit the upper band of the indicator and finally faced correction as the value of BONK dropped. However, it seems that bulls have come back into the picture, which could be confirmed by the green candlesticks. 

BONK Price Analysis – Relative Strength Index (RSI)

The Relative Strength Index (RSI) is a momentum indicator utilized to find out the current trend of the price movement and determine if it is in the oversold or overbought region. Traders often use this tool to make decisions about when to buy or sell the tokens. When the RSI is often valued below or at 30, it is considered an oversold region, and a price correction could happen soon. Moreover, when the RSI is valued above or at 70, it is considered an overbought region, and traders expect the price to fall soon.

The RSI is currently valued at 64.81 after facing a correction from the overbought region. Moreover, the RSI is below the SMA, which is often seen as a bearish signal. It seems that the RSI was continuously trying to fall for a long time. However, out of the unexpected, the traders felt optimistic, which caused the RSI to rise once again. There may be a chance that the RSI could form a bullish cross soon.  

BONK Price Analysis – Moving Average Convergence Divergence (MACD)

The Moving Average Convergence Divergence (MACD) indicator can be used to identify potential price trends, momentums, and reversals in markets. MACD will make the reading of a moving average cross easier. The MACD indicator is calculated by subtracting the long-term EMA (Exponential Moving Average) indicator from the short-term EMA. Normally, the default values for the MACD are set at the 12-day EMA, 26-day EMA, and 9-day EMA. Moreover, MACD is considered a lagging indicator as it cannot provide trade signals without any past pr

The MACD is one of the indicators that could highlight the short term trend in the market. Currently, it highlights that the trend is bearish due to the formation of red bars in the histogram. Moreover, the MACD line crossed below the SMA line, another bearish indicator. If the MACD line falls, it may signal that the bear trend will continue. However, since the gap between them is small, it could also form a bullish signal anytime soon.

BONK Price Prediction 2024

With the indicator’s help, it has been identified that the market is being heavily influenced by buyers. Even the recent surge BONK experienced was heavily influenced by buyers. The MACD, a lagging indicator, seems to be still stuck near the price retracement data, which is why it showcases a bearish trend. 

However, the Bull vs. Bear indicator confirms that buyers are in the market, as highlighted by the green signal. It also shows that buying volume could rise, further motivating the candlesticks to reach new levels of resistance. 

Moreover, the listing announcements and developments will also contribute to the positive market sentiment. Hence, looking at all these factors, there may be a chance that the candlesticks will reach new levels of resistance. 

BONK Price Prediction 2024 – Resistance and Support Level

Although BONK has less data to determine future resistance levels, the Fib retracement levels could be used to determine future support levels. For instance, traders and analysts have often seen that 0.382 is the common pullback zone for several assets in the industry. Based on this theory, it is expected that $0.0002302 could be one of the supports. However, the critical support could be near $0.00001049 due to the price action in the BONK price.

BONK Price Prediction 2025

BONK could still experience the after-effects of the Bitcoin halving and is expected to trade above its 2024 price. Many trade analysts speculate that BTC halving could create a huge impact on the crypto market. Moreover, similar to many altcoins, BONK will continue to rise in 2025, forming new resistance levels. It is expected that BONK will trade beyond the $0.000103 level.

BONK Price Prediction 2026

It is expected that after a long period of bull runs, the bears will come into power and start negatively impacting cryptocurrencies. During this bearish sentiment, BONK could tumble into its support regions. However, when BONK remains in the oversold region, there could be a price correction soon. BONK, by the end of 2026, could be trading beyond the $0.000244 resistance level after experiencing the price correction.

BONK Price Prediction 2027

Naturally, traders expect bullish market sentiment after the crypto industry was negatively affected by the bears’ claw. BONK is expected to rise after its slumber in the bear season. Moreover, BONK could even break more resistance levels as it continues to recover from the bearish run. Therefore, BONK is expected to trade at $0.0004537 by the end of 2027.

BONK Price Prediction 2028

Once again, the crypto community is looking forward to this year, as there will be a Bitcoin halving. Like many altcoins, BONK will continue to form new higher highs and is expected to move on an upward trajectory. Hence, BONK would be trading at $0.000574 after experiencing a massive surge by the end of 2028. 

BONK Price Prediction 2029

2029 is expected to be another bull run due to the aftermath of the BTC halving. However, traders speculate that the crypto market will gradually become stable by this year. In tandem with the stable market sentiment and the slight price surge expected after the aftermath, BONK could be trading at $0.000687 by the end of 2029.

BONK Price Prediction 2030

After witnessing a bullish run in the market, BONK and many altcoins would show signs of consolidation and might trade sideways for some time while experiencing minor spikes. Therefore, by the end of 2030, BONK could be trading at $0.000785.

BONK Price Prediction 2040

The long-term forecast for BONK indicates that this altcoin could reach a new all-time high (ATH). This would be one of the key moments, as hodlers may expect to sell some of their tokens at the ATH point. However, BONK may face a slight fall before starting its upward journey once again. It is expected that the average price of BONK could reach $0.05736 by 2040.

BONK Price Prediction 2050

The community believes that there will be widespread adoption of cryptocurrencies, which could maintain gradual bullish gains. By the end of 2050, if the bullish momentum is maintained, BONK could surpass the resistance level of $0.8749.

Conclusion

To summarize, if investors continue to show interest in BONK and add these tokens to their portfolio, then it could continue to rise. BONK’s bullish price prediction shows that it could pass beyond the $0.00005643 level in 2024. Moreover, BONK could surpass the $0.8749 level by the end of 2050.