🔍 Current situation of $BONK

Price and market data

According to CoinGecko, the price of BONK today is approximately 0.00003362 $ with a decrease of about 2.64% over the past 24 hours.

According to TradersUnion, BONK was traded at ~0.0000207$ with a daily increase of ~7.85%, but it faces technical resistance at ~0.000022 and ~0.000023.

According to on-chain data, despite the growth in the number of wallets and trading volume, the price has decreased from ~0.0000282$ to ~0.0000202$ during September.

Another analysis from CoinMarketCap indicates that BONK has lost ~4% in 24 hours, trending towards continued short-term underperformance.

News and fundamental drivers

The LetsBonk project associated with the BONK platform was launched, which contributed to raising the value of BONK by ~52% since its launch.

A NASDAQ-listed company (Safety Shot) announced its intention to buy $25 million of BONK as part of its treasury strategy, leading to a ~50% drop in its stock due to investor reactions.

BONK faces increasing competition from new meme tokens like PENGU or Layer-2 meme projects (like LILPEPE) that may attract part of the investor interest.

Some predictions confirm that there are also expectations of a 'token burn' or BONK entering ETF strategies, which could lead to significant price movements.

⚖️ Strengths + Risks

Positive points / Risks / Disadvantages - Strong community support for the meme project on the Solana network.

- High trading activity and momentum on-chain.

- The possibility of stimulation through token burning or the introduction of investment tools (ETF). - Very high volatility, making it a risky investment.

- Strong technical resistances may prevent the rise.

- Increasing competition from new meme projects with better technical advantages.

- Weak sustainability if the project lacks real use cases or long-term adoption.

🔮 Predictions for October and beyond

The Coindcx platform expects BONK to potentially rise by 20–25% in October if speculators can restore the levels of moving averages (EMA).

On the other hand, the CoinCheckup platform predicts a decline to ~0.0000143$ by the end of October based on a bearish scenario.

Technical analysis from TradersUnion sees that short-term technical resistance will create a barrier to the rise, while support may be in the range of ~0.0000197–0.000020.

Based on that, in the best scenarios we may see a rise from a range of ~0.000020 to ~0.000025–0.000030 dollars in October, but this requires strong momentum and support from liquidity and speculators. However, if momentum weakens or resistance fails to break, the price may remain in a sideways range or even drop again.

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