Bonk crypto has seen a lot of correction recently and is now trying to bounce back. The bullish pattern formation is in place and could be a buy signal.
In this article, we will look at Bonk coin next target by looking at price chart and technical analysis.
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Bonk Coin Next Target
- Price: $0.00001077 per BONK.
- Market Capitalization: $844.95 million .
- 24-Hour Trading Volume: $127.6 million .
- Circulating Supply: 78.39 trillion BONK.
- Total Supply: 88.87 trillion BONK.
Price is in a downtrend, however, it’s trading in a Falling Wedge pattern, which typically resolves in a bullish breakout and a trend reversal.
We wait for such a breakout. In the meantime, there appears to be Bullish RSI Divergence as price made a new low but RSI did not make a new low when compared to the prior downswing.
That indicates that the downward momentum is easing up and there could be a brief near-term bounce.
Technical Indicators
- Price Movement: On March 10, 2025, BONK’s price ranged between a low of $0.00000971 and a high of $0.00001082, closing at $0.00001043.
- 24-Hour Performance: The price increased by approximately 8.95% within the 24-hour period.
- All-Time High: BONK reached an all-time high of $0.00005959 in November 2024, currently trading about 82% below that peak.
Recent Developments
- Market Performance: Analysts predict that BONK’s price could stabilize around an average price of $0.000025 to $0.000030 by the end of 2025.
- Burn Event: In November 2024, Bonk initiated a burn event aiming to reduce its supply by 1 trillion tokens over approximately six weeks.
- Price Predictions: Some forecasts suggest that BONK’s price could experience significant growth in 2025, with potential targets ranging from $0.000025 to $0.000030.
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