Release: 2024/10/03 19:04 Reading: 987
Analyst Predicts Bullish Week for Bonk (BONK)
Noted cryptocurrency analyst Bluntz projects a promising outlook for the Solana-based memecoin Bonk (BONK) in the coming week. His predictions draw upon technical analysis and prevailing market trends, indicating a positive sentiment towards memecoins within the crypto community.
Bluntz's Predictions for BONK
According to Bluntz, Bonk is currently engaged in a five-wave upward trend. Based on the Elliott Wave theory, he believes assets typically experience this pattern during bullish phases, suggesting optimism for BONK's trajectory.
Potential Price Target for BONK
Bluntz estimates a price target of $0.000033 for BONK. He expresses confidence that the memecoin will outperform PEPE, stating, "The recent decline positions BONK for a strong rebound." BONK is currently trading at $0.000024, having recovered from its recent low of $0.0000216.
Bluntz also notes that PEPE's recent dip could represent a wave 4, presenting an entry point for new investors. His chart indicates that PEPE could rise to $0.000013, currently hovering at $0.00001.
Key Points from Bluntz's Analysis:
Bluntz's forecasts offer valuable insights for traders seeking to navigate the evolving memecoin landscape and anticipate a potential shift in leadership from PEPE to BONK.
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