Crypto Analyst: Solana-Based BONK Is Ready For Legendary Rally
Top meme-based cryptocurrencies like Shiba Inu (SHIB) and Pepe (PEPE) have been rising in price. The price of Solana-based meme currency Bonk (BONK) has been rising, indicating a positive trend. A crypto expert believes Bonk is poised for a major rise.
Analyst predicts legendary goal At $0.000033
Bluntz, a notable crypto trader and pundit, highlighted Bonk's next bullish objective. Bluntz said on September 30 on X (previously Twitter) that Bonk is poised for a "turbo green week."
He said the meme coin's price dropped briefly over the week. The analyst believes this price decrease is a chance for Bonk to take a bullish position and start a legendary rally.
Bluntz posted a chart of Bonk's price fluctuations over the last month, suggesting the meme currency might rise rapidly to new highs. The expert predicted that Bonk's price will climb between $0.000028 and $0.000027 before dropping to the support level of $0.000026 and $0.000025.
Bonk should rise to $0.00003 before falling to $0.000028. Bluntz predicted a $0.000033 Bonk price high for his last turbo green week price explosion. The expert said Bonk needs three days of sideways trade to break out bullishly.
Bonk is now trading at $0.00002, up 3.86% in a week. The meme currency would need to gain 65% to reach $0.000033.
BONK Will Beat PEPE
Bluntz said Bonk may be overtaking Pepe as meme coin leader while remaining positive about its pricing. This shows that Pepe's performance is slowing down following a huge price hike while Bonk gains momentum.
The analyst found a “higher low” on the BONK/PEPE chart, indicating Bonk is poised for a greater price rise than Pepe. A higher low happens when a cryptocurrency price drops but stays above its previous low, indicating an uptrend.
Bluntz notes that Bonk is among prominent meme currencies like Dogwifhat (WIF) and Pepe, which are displaying positive indicators. Despite this study, the Bitcoin fell over 10% in 24 hours.
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