Cryptocurrency analyst Man of Bitcoin recently shared his insights on Bonk Trajectory (BONK) using Elliott wave theory. As part of his analysis, the analyst revealed how high Solana meme coin may escalate at the next growth stage.
BONK to rise to $0.000027 in next stage of growth
In a post on X (formerly Twitter) Man Of Bitcoin Planned that BONK will reach 0.000027 in the third wave of its Elliott Wave AnalysisThe analyst noted that BONK has already broken through the first wave of $0.000022, which confirms that it can indeed make such an impulsive move towards this price level.
BONK appears to have already completed its Wave 2 corrective move, seeing it reclaim the $0.0000167 price level that the analyst indicated as the bottom during this price correction. Furthermore, from the chart shared by Man of Bitcoin, BONK growth to $0.000027 This is expected to happen in September.
As soon as the impulsive move towards $0.000027 ends, BANG is expected to experience another price correction, this time dropping to $0.000023. Meanwhile, Man Of Bitcoin has provided a much more bullish forecast for BONK, with his chart showing the fifth-largest meme coin by market cap rising to $0.000029 on its fifth wave.
The price escalate to this level is still significantly lower than the current one. All-time High (ATH) $0.000047, reached in March of this year. However, there is no doubt that it can reach the price level again and even go higher, especially with cryptocurrency analysts such as Quinten François suggestion that the bull run hasn’t even started yet. It’s worth mentioning that BONK reached its ATH around the same time Bitcoin reached its ATH of $73,000. As such, BONK could reach a up-to-date ATH when the flagship cryptocurrency reaches a up-to-date ATH.
Other bullish predictions for the Meme coin
Cryptocurrency analyst Jacob Canfield it also has provided that bullish forecast for BONK, stating that the meme coin’s market capitalization could reach $5 billion to $10 billion. He made this comment based on his bullish outlook for Solanumwhich he believes can reach a minimum target of $600 and a maximum target of $1700 this bull run.
Cryptocurrency analyst Sleek Crypto noted that BANG still has a lot of room to play in this market cycle and predicted that the meme coin could remove two zeros and rise to $0.0011. Meanwhile, cryptocurrency analyst Zer0 he stated that BONK has the potential to achieve 20-50x growth by the end of this cycle.
At the time of writing, BONK stock is trading at around $0.00002072, up more than 1% in the past 24 hours, according to data data from CoinMarketCap.
Featured image created with Dall.E, chart from Tradingview.com
