{"id":637798,"date":"2024-08-26T11:30:11","date_gmt":"2024-08-26T11:30:11","guid":{"rendered":"https:\/\/www.shenyangcang.com\/?p=637798"},"modified":"2024-08-26T09:03:11","modified_gmt":"2024-08-26T09:03:11","slug":"bonk-3rd-wave-next-target","status":"publish","type":"post","link":"https:\/\/www.shenyangcang.com\/analysis\/bonk\/bonk-3rd-wave-next-target\/","title":{"rendered":"BONK About To Enter 3rd Wave, Analyst Reveals Next Target"},"content":{"rendered":"

Crypto analyst Man of Bitcoin recently provided insights into <\/span>Bonk\u2019s (BONK) trajectory<\/span><\/a> using the Elliot Wave Theory. As part of his analysis, the analyst revealed how high the <\/span>Solana meme coin<\/span><\/a> could rise on its next leg up.\u00a0<\/span><\/p>\n

BONK To Rise To $0.000027 On Next Leg Up<\/h2>\n

In an X (formerly Twitter) post, Man Of Bitcoin <\/span>predicted<\/span><\/a> that BONK would reach $0.000027 in the third wave of his <\/span>Elliot Wave analysis<\/span><\/a>. The analyst noted that BONK already broke above the first wave of $0.000022, which confirms that it can indeed make such an impulsive move to that price level.\u00a0<\/span><\/p>\n

Related Reading: Crypto Analyst Sounds Alarm: Here\u2019s Why It\u2019s Your \u2018Last Chance To Buy Bitcoin\u2019<\/a><\/div>\n
\"BONK\"
Source: X<\/figcaption><\/figure>\n

BONK looks to have already completed the corrective Wave 2 move, seeing how it has recovered from the $0.0000167 price level, which the analyst highlighted as the bottom during this price correction. Moreover, from the chart that Man of Bitcoin shared, <\/span>BONK\u2019s rise to $0.000027<\/span><\/a> is expected to happen sometime in September.\u00a0<\/span><\/p>\n

Once that impulsive move to $0.000027 is over, <\/span>BONK<\/span><\/a> is expected to experience another price correction, dropping to $0.000023 this time around. Meanwhile, Man Of Bitcoin offered a much more bullish prediction for BONK, with his chart showing that the fifth largest meme coin by market cap will rise to $0.000029 on its fifth wave.\u00a0<\/span><\/p>\n

A rise to that price level is still well below its current <\/span>all-time high (ATH)<\/span><\/a> of $0.000047, reached in March earlier this year. However, there is no doubt that it could reach price level again and even rise higher, especially with crypto analysts like Quinten Fran\u00e7ois <\/span>suggesting<\/span><\/a> that the bull run has yet to begin. It is worth mentioning that BONK hit its ATH around the time Bitcoin hit its ATH of $73,000. As such, BONK could hit a new ATH as the flagship crypto reaches a new ATH.\u00a0<\/span><\/p>\n

Other Bullish Predictions For The Meme Coin<\/h2>\n

Crypto analyst Jacob Canfield<\/span><\/a> has also <\/span>provided<\/span><\/a> a bullish prediction for BONK, stating that the meme coin\u2019s market cap could reach between $5 billion and $10 billion. He made this statement based on his bullish outlook for <\/span>Solana<\/span><\/a>, which he believes can reach a minimum target of $600 and a maximum target of $1,700 in <\/span>this bull run<\/span><\/a>.\u00a0<\/span><\/p>\n

Related Reading: Bullish XRP Analyst Eyes $7.50 If Crypto Breaks Resistance<\/a><\/div>\n

Crypto analyst Sleek Crypto noted that <\/span>BONK<\/span><\/a> still has plenty of room to run in this market cycle and predicted that the meme coin could delete two zeros and rise to as high as $0.0011. Meanwhile, crypto analyst Zer0 <\/span>stated<\/span><\/a> that BONK has the potential to pull a 20 to 50x before the end of this cycle.\u00a0<\/span><\/p>\n

\"BONK
Source: X<\/figcaption><\/figure>\n

At the time of writing, BONK is trading at around $0.00002072, up over 1% in the last 24 hours, according to <\/span>data<\/span><\/a> from CoinMarketCap.\u00a0<\/span><\/p>\n

\"BONK
Token price struggles to hold up | Source: BONKUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Crypto analyst Man of Bitcoin recently provided insights into Bonk\u2019s (BONK) trajectory using the Elliot Wave Theory. As part of his analysis, the analyst revealed how high the Solana meme coin could rise on its next leg up.\u00a0 BONK To Rise To $0.000027 On Next Leg Up In an X (formerly Twitter) post, Man Of Bitcoin predicted that BONK would reach $0.000027 in the third wave of his Elliot Wave analysis. The analyst noted that BONK already broke above the first wave of $0.000022, which confirms that it can indeed make such an impulsive move to that price level.\u00a0 Related Reading: Crypto Analyst Sounds Alarm: Here\u2019s Why It\u2019s Your \u2018Last Chance To Buy Bitcoin\u2019 BONK looks to have already completed the corrective Wave 2 move, seeing how it has recovered from the $0.0000167 price level, which the analyst highlighted as the bottom during this price correction. Moreover, from the chart that Man of Bitcoin shared, BONK\u2019s rise to $0.000027 is expected to happen sometime in September.\u00a0 Once that impulsive move to $0.000027 is over, BONK is expected to experience another price correction, dropping to $0.000023 this time around. Meanwhile, Man Of Bitcoin offered a much more bullish prediction for BONK, with his chart showing that the fifth largest meme coin by market cap will rise to $0.000029 on its fifth wave.\u00a0 A rise to that price level is still well below its current all-time high (ATH) of $0.000047, reached in March earlier this year. However, there is no doubt that it could reach price level again and even rise higher, especially with crypto analysts like Quinten Fran\u00e7ois suggesting that the bull run has yet to begin. It is worth mentioning that BONK hit its ATH around the time Bitcoin hit its ATH of $73,000. As such, BONK could hit a new ATH as the flagship crypto reaches a new ATH.\u00a0 Other Bullish Predictions For The Meme Coin Crypto analyst Jacob Canfield has also provided a bullish prediction for BONK, stating that the meme coin\u2019s market cap could reach between $5 billion and $10 billion. He made this statement based on his bullish outlook for Solana, which he believes can reach a minimum target of $600 and a maximum target of $1,700 in this bull run.\u00a0 Related Reading: Bullish XRP Analyst Eyes $7.50 If Crypto Breaks Resistance Crypto analyst Sleek Crypto noted that BONK still has plenty of room to run in this market cycle and predicted that the meme coin could delete two zeros and rise to as high as $0.0011. Meanwhile, crypto analyst Zer0 stated that BONK has the potential to pull a 20 to 50x before the end of this cycle.\u00a0 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.\u00a0 Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":637801,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[92958],"tags":[87477,92959,90819,87479,90771],"class_list":["post-637798","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bonk","tag-bonk","tag-bonk-meme-coin","tag-bonk-news","tag-bonk-price","tag-bonkusdt"],"acf":[],"yoast_head":"\nBONK About To Enter 3rd Wave, Analyst Reveals Next Target<\/title>\n<meta name=\"description\" content=\"Crypto analyst Man 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Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/www.shenyangcang.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"BONK About To Enter 3rd Wave, Analyst Reveals Next Target","url":"http:\/\/www.shenyangcang.com\/analysis\/bonk\/bonk-3rd-wave-next-target\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/www.shenyangcang.com\/analysis\/bonk\/bonk-3rd-wave-next-target\/"},"thumbnailUrl":"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/08\/BONK.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/08\/BONK.jpeg?fit=1792%2C1024"},"articleSection":"BONK","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bonk","bonk meme coin","bonk news","bonk price","bonkusdt"],"dateCreated":"2024-08-26T11:30:11Z","datePublished":"2024-08-26T11:30:11Z","dateModified":"2024-08-26T11:30:11Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"BONK About To Enter 3rd Wave, Analyst Reveals Next Target\",\"url\":\"http:\\\/\\\/www.shenyangcang.com\\\/analysis\\\/bonk\\\/bonk-3rd-wave-next-target\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/www.shenyangcang.com\\\/analysis\\\/bonk\\\/bonk-3rd-wave-next-target\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/www.shenyangcang.com\\\/wp-content\\\/uploads\\\/2024\\\/08\\\/BONK.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/www.shenyangcang.com\\\/wp-content\\\/uploads\\\/2024\\\/08\\\/BONK.jpeg?fit=1792%2C1024\"},\"articleSection\":\"BONK\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/www.shenyangcang.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bonk\",\"bonk meme coin\",\"bonk news\",\"bonk price\",\"bonkusdt\"],\"dateCreated\":\"2024-08-26T11:30:11Z\",\"datePublished\":\"2024-08-26T11:30:11Z\",\"dateModified\":\"2024-08-26T11:30:11Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/shenyangcang.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/08\/BONK.jpeg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.shenyangcang.com\/wp-json\/wp\/v2\/posts\/637798"}],"collection":[{"href":"https:\/\/www.shenyangcang.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.shenyangcang.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.shenyangcang.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/www.shenyangcang.com\/wp-json\/wp\/v2\/comments?post=637798"}],"version-history":[{"count":0,"href":"https:\/\/www.shenyangcang.com\/wp-json\/wp\/v2\/posts\/637798\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.shenyangcang.com\/wp-json\/wp\/v2\/media\/637801"}],"wp:attachment":[{"href":"https:\/\/www.shenyangcang.com\/wp-json\/wp\/v2\/media?parent=637798"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.shenyangcang.com\/wp-json\/wp\/v2\/categories?post=637798"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.shenyangcang.com\/wp-json\/wp\/v2\/tags?post=637798"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}