BONK Price Forecast Potential Scenarios in the Next 30 Days

Coin World reported:
Bonk is preparing to break through, with increased liquidity and greater price potential.
At the time of writing, Bonk has risen by 31% in the past 30 days.
The price trend of BONK indicates a promising outlook.
According to data, although the price of Bonk [BONK] has slightly declined by 2.71% in the past 24 hours, it has still risen by over 31% in the past 30 days.
However, these fluctuations are not worth worrying about, as it seems to be preparing for a potential memecoin supercycle.
The trading volume in the past 24 hours has surged by over 23%, reaching $263 million, reflecting increasing interest in the token and laying the foundation for an exciting future period.
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 energy for an upcoming 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, reaching a target level of $0.00004894.
If it breaks this level, it may set 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 investors planning to hold BONK for the long term.
Increased Liquidity and Upbit Listing
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 greater buying pressure.
Although this indicator cannot 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.
This move will allow memecoin to be listed on one of the world’s largest trading platforms, increasing awareness of memecoin among a wider Asian audience.
The influx of new traders from South Korea is expected to increase liquidity and promote the increasingly active market activity of BONK.
With the attention brought by the listing, it is advised for traders to position themselves before the market surge, as demand may sharply increase. The current price trend of Bonk and the upcoming developments indicate that it will rise.
With the approaching breakthrough, enhanced liquidity, and the new listing in South Korea, BONK seems to have the potential for significant upward movement in the near future.