Right this moment, high meme primarily based cryptocurrencies admire Shiba Inu (SHIB) and Pepe (PEPE) had been witnessing a spike in their prices. This bullish trend looks to maintain extended to Solana primarily based meme coin Bonk (BONK), as its tag movements has been showing signs of an impending bullish surge. With appreciate to this, a crypto analyst has suggested that Bonk is in the present day neatly-positioned for a necessary upward circulate.
Analyst Predicts Legendary Target At $0.000033
Bluntz, a prominent crypto trader and analyst has revealed the following bullish purpose for Bonk. In an X (beforehand Twitter) post on September 30, Bluntz revealed that Bonk is in the present day in a top web page for a”turbo green week.”
He disclosed that the meme coin had skilled a like a flash and minor tag dip at some level of the week. On the bogus hand, the analyst sees this tag decline as a undeniable signal, suggesting that it creates an opportunity for Bonk to enter a very much bullish web page, doubtlessly triggering a legendary rally.
Sharing a chart depicting Bonk’s tag movements from the past month, Bluntz indicated in his tag chart that the meme coin might ride an accelerated tag amplify to new highs. Presenting an illustration of his predictions of Bonk’s future tag movements, the analyst disclosed that the meme coin would rise between the vary of $0.000028 and $0.000027 outdated to falling to the lend a hand level between $0.000026 and $0.000025.
After this, Bonk is anticipated to skyrocket to $0.00003, outdated to shedding support to $0.000028. For his closing tag surge in his projected turbo green week, Bluntz revealed that Bonk will attain a brand new tag high of $0.000033. The analyst additionally revealed that for Bonk to ride a bullish tag breakout, the meme coin must undergo three days of very important sideways trading.
At the moment the tag of Bonk is trading at $0.00002, reflecting a shrimp amplify of three.86% within the past week. A soar to projected highs at $0.000033 would require the meme coin to rise by approximately 65% from its current tag.
BONK Attach To Outperform PEPE
While conserving an optimistic outlook on Bonk’s tag, Bluntz disclosed that the meme coin will be laying aside the meme coin leadership from Pepe. This implies that as Bonk is gaining more momentum, Pepe’s efficiency is slowing down after experiencing a necessary tag amplify.
The analyst has acknowledged a “increased low” on the BONK/PEPE chart, which indicates that Bonk is positioning itself for a stronger tag rally than Pepe. On the total, a increased low occurs when the tag of a cryptocurrency pulls support but maintains its worth above its outdated low level, signaling a ability continuation of an uptrend.
Within the case of Bonk, Bluntz has revealed that it’s in the present day among high meme coins admire Dogwifhat (WIF), and Pepe which might be at this time showing signs of a sturdy bullish trend. Despite this evaluation, the cryptocurrency has declined by over 10% within the past 24 hours.
