BONK Price Prediction 2024: Will BONK Reach $0.000050 Soon?

BONK price is expected to rise by 31.35% in the next 5 days according to our Bonk price prediction. BONK is trading at $0.000044 after gaining 14.33%

BONK price is expected to rise by 31.35% in the next 5 days according to our Bonk price prediction

BONK/USD is trading at $0.000044 after gaining 14.33% in the last 24 hours. The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 13.10% in the same time period. BONK performed well against BTC today and recorded a 10.13% gain against the world's largest cryptocurrency.

According to our Bonk price prediction, BONK is expected to reach a price of $0.000050 by Nov 20, 2024. This would represent a 31.35% price increase for BONK in the next 5 days.

BONK Price Prediction Chart

Buy/Sell Bonk

What has been going on with Bonk in the last 30 days

Bonk has been displaying a positive trend recently, as the coin gained 79.75% in the last 30-days. The medium-term trend for Bonk has been bullish, with BONK increasing by 144.55% in the last 3 months. The long-term picture for Bonk has been positive, as BONK is currently displaying a 1,515.53% 1-year price change. On this day last year, BONK was trading at $0.000003.

Bonk reached its all-time high price on Mar 04, 2024, when the price of BONK peaked at $0.000045. The current BONK cycle high is $0.000044, while the cycle low is at $0.000013. BONK has been displaying high volatility recently – the 1-month volatility of the coin is at 18.84. Bonk recorded 14 green days in the last 30 days.

Bonk technical analysis for today - Nov 15, 2024

The sentiment in the Bonk markets is currently Bullish, and the Fear & Greed index is reading Extreme Greed. The most important support levels to watch are $0.000033, $0.000030 and $0.000024, while $0.000041, $0.000047 and $0.000050 are the key resistance levels.

Bullish sentiment for Bonk

24 indicators are currently signaling a bullish prediction for Bonk, while 3 indicators are showing a bearish forecast. With 89% of indicators favoring a positive prediction. This results in an overall Bullish sentiment for Bonk.

Crypto market is currently experiencing Extreme Greed

Currently, the Fear & Greed index is at 80 (Extreme Greed), which signals that investors have a positive outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

Bonk moving averages & oscillators

Let's take a look at what some of the most important technical indicators are signaling. We'll be going through key moving averages and oscillators that will allow us to get a better idea of how Bonk is positioned in the market right now.

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Bonk is at 76.00, suggesting that BONK is currently overbought.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Bonk over the last 50 days. Currently, Bonk is trading below the SMA 50 trendline, which is a bearish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that's calculated by taking an average of the BONK closing price for the last 200 days. BONK is now trading below the SMA 200, signaling that the market is currently bearish.

The bottom line about this Bonk prediction

After considering the above factors, we can conclude that the current forecast for Bonk price prediction is Bullish. BONK would have to increase by 31.35% to hit our $0.000050 target within