Analyst Predicts Strong Performance for Bonk (BONK) Next Week
Release: 2024/10/03 18:44 Reading: 820
Analyst Predicts Strong Performance for Bonk (BONK) Next Week
Renowned cryptocurrency analyst and strategist Bluntz anticipates a robust performance for the Solana-based memecoin Bonk (BONK) in the coming week, despite recent market corrections. This projection stems from technical analysis and prevailing market trends, mirroring a broader sentiment within the cryptocurrency community regarding memecoin dynamics.
BONK Forecast
Based on a comprehensive analysis, Bluntz has stated that BONK is currently experiencing a five-wave upward trajectory. As a proponent of the Elliott Wave theory, Bluntz maintains that assets in an upward cycle typically follow a five-wave rally, bolstering his bullish outlook.
Price Targets and Comparisons
Bluntz's analysis includes a chart that predicts BONK's potential surge to $0.000033. He further believes that BONK will surpass PEPE, stating, "There was a brief drop on the weekly, which I interpret as an advantageous position for BONK to experience a surge in the coming week."
At the time of writing, BONK is trading at $0.000024, having recovered from a 24-hour low of roughly $0.0000216. This upward trend aligns with Bluntz's expectations and suggests potential for further appreciation.
Bluntz also assessed PEPE in his analysis, noting, "I view this decline as a fourth wave, creating an opportune moment for sidelined investors." His chart indicates that PEPE is poised to climb to $0.000013, completing a five-wave rally. Currently, PEPE trades at $0.00001.
Bluntz's optimistic forecast for BONK presents potential trading opportunities, particularly given the perceived shift in leadership within the memecoin market from PEPE to BONK.
Disclaimer:
This article is for informational purposes only and does not constitute financial advice.
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