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Recently, top meme-based cryptocurrencies such as Shiba Inu (SHIB) and Pepe (PEPE) have seen their prices rise. This upward trend appears to have extended to… Meme coin based on Solana BONK (BONK)Price movements have shown signs of this happening Imminent upside. Related to this, one cryptocurrency analyst noted that Bonk is currently well-positioned for a significant upward movement.
The analyst expects the legendary target to be at $0.000033
Bluntz, a prominent cryptocurrency trader and analyst, revealed Bonk’s next upside target. In X (formerly Twitter) mail On September 30, Plantz revealed that Punk is currently in prime position for “Turbo Green Week”.
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He revealed that the meme currency witnessed a rapid and slight decline in prices during the week. However, the analyst sees this price drop as a positive sign, suggesting that it creates an opportunity for Punk to enter into a large bullish position, which could lead to a legendary rally.
Share the graph that depicts Bonk price movements As of last month, Plantz indicated in his price chart that the meme coin could see an accelerated price increase to new highs. Giving an explanation of his expectations for Ponk’s future price movements, the analyst revealed that the meme coin will rise between the range of $0.000028 and $0.000027 before falling to the support level between $0.000026 and $0.000025.
After that, Bonk price is expected to rise to $0.00003, before falling to $0.000028. As for the latest price rise in its expected green week, Plantz revealed that Bonk will reach a new high price of $0.000033. The analyst also revealed that for Punk to try A Bullish price breakoutthe meme coin will have to undergo three days of basic side trading.
Bonk’s price is currently trading at $0.00002, reflecting a slight increase of 3.86% in the past week. Jumping to the expected highs of $0.000033 would require the meme to rise approximately 65% from its current price.
BONK is set to outperform PEPE
While maintaining an optimistic outlook on Bonk’s price, Plantz said It has been detected That the meme coin might remove the control of the meme coin from Pepe. This suggests that Bonk is as well Gain more momentumPepe’s performance is slowing down after witnessing a significant price increase.
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The analyst has identified a “higher bottom” on the BONK/PEPE chart, suggesting that Bonk is positioning itself for a stronger price uptrend than Pepe. Typically, a higher low occurs when a cryptocurrency’s price declines but maintains its value above its previous low, indicating a potential continuation of an uptrend.
In the case of Bonk, Bluntz revealed that it is currently among the top meme currencies as Dujoyfat (WIF)And Pepe, which is currently showing signs of a strong upward trend. Despite this analysis. Cryptocurrency has fallen By more than 10% during the past 24 hours.
Featured image created with Dall.E, chart from Tradingview.com