BONK Price Forecast Potential Scenarios in the Next 30 Days

Coin World reported:
Bonk is ready to break through, with increased liquidity and greater price potential.
As of the time of writing, Bonk has risen by 31% in the past 30 days.
The price trend of BONK indicates a promising future.
According to data, although the price of Bonk [BONK] has slightly dropped by 2.71% in the past 24 hours, it has still increased by more than 31% in the past 30 days.
However, these fluctuations are not a cause for concern as it seems to be preparing for a potential memecoin super cycle.
The trading volume in the past 24 hours has surged by over 23%, reaching $263 million, reflecting the increasing interest in the token and laying the foundation for an exciting period in the future.
Price Trend and Forecast of BONK
The price trend of BONK indicates a positive outlook as it forms a Volatility Contraction Pattern (VCP) accompanied by a decrease in trading volume.
This pattern suggests that the energy for a breakthrough is accumulating. Traders familiar with this pattern know that it indicates a strong upward trend may follow.
Once the price breaks through the current downtrend resistance, it may quickly rise with a target level of $0.00004894.


If it breaks through this level, it may reach a new all-time high next year. However, it is expected that the last quarter of this year will start moving towards this target.
This setup provides an excellent opportunity for long-term holders of BONK.
Increased Liquidity and Listing on Upbit
The aggregated order book of BONK shows a depth difference of $263,000 between buy and sell orders. When buy orders exceed sell orders, the data is shown in green, indicating a greater buying pressure.
Although this indicator does not directly determine the price of BONK, it can reflect market sentiment and liquidity. Currently, this indicator shows positive buying depth, indicating a favorable environment for potential price increases.


Another significant development is the listing of BONK on UPBIT, the largest cryptocurrency exchange in South Korea, which has caused a sensation.
This move will bring memecoin to one of the largest trading platforms in terms of global trading volume, allowing a wider Asian audience to learn about memecoin.
The influx of new traders from Korea is expected to increase liquidity and promote the growing activity of the BONK market.
With the attention brought by the listing, it is advised for traders to position themselves before the market surges, as demand may sharply increase. The current price trend of Bonk and the upcoming developments all indicate that it will rise.
With the approaching breakthrough, enhanced liquidity, and the new listing in Korea, BONK seems poised for a significant surge in the near future.