Bonk Price Set to Erupt? Analysts Eye $0.00005500 Target

1d ago•

bullish:

bearish:

According to recent reports from crypto news outlets, the Bonk price is drawing a lot of attention as big Solana investors known as whales are helping to push its latest rise. Major market analysts predict the meme coin might soon jump by 172%.

This coin is often seen as playful but risky. It has again grabbed the spotlight, due to strong market moves and new interest from big buyers. Experts and traders are now closely watching to see if Bonk’s price can pass its rival, WIF, as it holds just below its important price levels.

Whales Stir Momentum as Bonk Price Climbs

The Bonk price is now trading around, in just one day it rose by 0.2%, increased by 0.2% in the past 24 hours and is now trading around $0.00002021. Earlier, it reached a high of $0.00002059 before pulling back a bit.

Even with this small drop, bullish Sentiments remain strong, with 13 good days in the past month and a strong 15% monthly gain. Experts say the 14-day Relative Strength Index (RSI) is at 53.87, which is a neutral level. This means that Bonk’s price still has room to rise higher.

Traders are closely watching the whale’s activities. According to the Blockchain analytics company Lookonchain, several large wallets have been buying up a lot of Bonk, which made people think that there could be a big price jump soon.

Bonk Price on the Verge of Breakout

From a technical point of view, Bonk’s price is currently just below important resistance levels between $0.00001950 and $0.00002175. This zone has been acting as a big barrier in recent weeks. Bonk’s price can close above it, then there might be a lot of room for the price to go up.

Experts point to the double bottom pattern that is seen on Bonk’s daily chart, with a key resistance between $0.00002167 and $0.00002500. If this pattern holds and is confirmed by strong trading volume, forecasts suggest Bonk’s price might jump by as much as 172%, possibly reaching a target near $0.00005500, based on past price trends and Fibonacci levels.

Metrics	Value	Sources
Current Price	$0.00002028	Coinmarketcap
24 Hour Trading Volume	$284.19M	Coinmarketcap
All-time high (Nov.2024)	$0.00005916	Coinmarketcap
BONK Market cap	$1.62B	Coinmarketcap
WIF Market cap	$1.12B	Coinmarketcap

Bonk Price vs. WIF

Bonk’s market capitalization is now around $1.62 billion, which puts it ahead of its rival meme coin WIF. Dogwifhat has a smaller market cap of about $1.12 billion.

While Bonk’s price has done better than WIF and other Solana-based meme coins over the past month, analysts warn that keeping this lead will depend on confirming a breakout above key resistance levels and maintaining the strong momentum that is backed by whale activity.

Crypto analyst Michaël van de Poppe said that it is not just about doing well for one month. He added that for Bonk’s price to stay strong, it has to break important price levels and keep them; if not, then WIF or a new coin might take the attention away.

Expert Insights and Market Sentiment

The market sentiments are still bullish, with the Fear &Greed Index showing 73, which points to greed. But experts warn that just excitement is not enough.

Meme coin — Bonk Price Set to Erupt? Analysts Eye $0.00005500 Target 4

Trader Rekt Capital suggested that traders should look for a confirmed daily close above $0.00002175 to validate the bullish outlook. Additionally, while some analysts have shared speculative long-term market cap targets.

They have even suggested that Bonk reach a $15 billion market cap. However, most experts say these targets are just hopeful for now, and it depends on bigger market trends and whether Bonk can stay popular in the competitive meme coin world.

Conclusion

Bonk price is at an important point, with big investors and positive market signs that suggest a possibility of a big jump. But experts warn that only a clear breakout above the key price levels will show if Bonk can really beat rivals like WIF and stay on top in the fast-moving meme coin market.