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Cryptocurrency analyst Man of Bitcoin recently provided insights into BONK Track Using the Elliott Wave Theory. As part of his analysis, the analyst revealed how high Solana meme coin He may go up on his next trip.
BONK price is expected to rise to $0.000027 in the next stage
In a post on X (formerly Twitter), the Bitcoin man said: expected BONK will reach $0.000027 in the third wave of Elliott Wave AnalysisThe analyst noted that BONK has already broken the first wave at $0.000022, confirming that it can indeed make such an impulsive move to this price level.
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BONK appears to have already completed a corrective wave 2 move, recovering from the $0.0000167 price level, which the analyst highlighted as the bottom during this price correction. Furthermore, from the chart shared by Man of Bitcoin, BONK rises to $0.000027 This is expected to happen sometime in September.
Once this impulsive move to $0.000027 is over, Punk BONK is expected to see another price correction, this time dropping to $0.000023. Meanwhile, Man Of Bitcoin has made a more bullish prediction for BONK, as his chart shows that the fifth-largest meme coin by market cap will rise to $0.000029 in its fifth wave.
The rise to this price level is still much lower than its current level. All Time High (ATH) $0.000047, which it reached in March earlier this year. However, there is no doubt that it could reach the price level again and even rise higher, especially with cryptocurrency analysts like Quentin Francois suggestion The price rally has yet to begin. It is worth noting that BONK reached its all-time high at the same time that Bitcoin reached its all-time high of $73,000. Therefore, BONK could reach new all-time highs as the leading cryptocurrency reaches new all-time highs.
Another bullish forecast for meme coin
Cryptocurrency Analyst Jacob Canfield He also has available He made a bullish prediction for BONK, stating that the meme coin’s market cap could reach $5-10 billion. He made this statement based on his bullish prediction for Solanawhich he believes could reach a minimum target of $600 and a maximum target of $1,700 in This bull is running.
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Cryptocurrency analyst Sleek Crypto noted that, Punk The cryptocurrency still has a lot of room to move in this market cycle and he expects the meme coin to be able to delete two zeros and rise to $0.0011. Meanwhile, cryptocurrency analyst Zer0 said Stated BONK likely has the potential to make 20-50x gains before the end of this cycle.
At the time of writing, BONK is trading at around $0.00002072, up over 1% in the last 24 hours, according to Data From CoinMarketCap.
Featured image created using Dall.E, chart from Tradingview.com
