BONK Price Prediction: Possible Scenarios for the Next 30 Days
As of now, BONK has increased by 31% over the past 30 days. Although the price has slightly dropped by 2.71% in the last 24 hours, the overall trend remains optimistic, indicating its readiness for a potential memecoin super cycle.
Recently, BONK's 24-hour trading volume surged over 23%, reaching $263 million, demonstrating growing market interest in the token. This lays the groundwork for future gains.
Price Trend and Forecast
BONK's price has formed a Volatility Contraction Pattern (VCP), accompanied by a decrease in trading volume, signaling the potential for an imminent breakout. Once the price breaks above the current downtrend, the target will be $0.00004894. If the breakout is successful, new highs may be set next year.
Liquidity and Upbit Listing
BONK's aggregated order book shows a difference of $263,000 between buy and sell orders, reflecting market buying pressure. Additionally, BONK has been listed on Upbit, the largest exchange in South Korea, which is expected to attract more traders and enhance liquidity.
With these positive factors emerging, traders are advised to position themselves early, as BONK's demand is anticipated to rise sharply. In summary, with a breakout approaching, increased liquidity, and a new listing in South Korea, BONK may see significant gains in the future.
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