Insights

BONK , one of the most hyped meme coins in recent history, has been on a rollercoaster ride. After experiencing massive spikes followed by deep corrections, traders are wondering: Can BONK price rally to $1 within the next 30 days? Let's dive into the latest price action, technical indicators, and market trends to assess BONK’s potential. Analyzing the daily chart, BONK has been consolidating after a prolonged downtrend. The current price hovers around $0.00001193, reflecting a 4.24% daily gain. Despite a recent uptick, the price remains significantly below its previous highs, indicating that buyers are stepping in but lack strong conviction. The Relative Strength Index (RSI) is currently at 43.53, suggesting that BONK is in neutral territory—not oversold but still below the critical 50 level that signals strength. This indicates that momentum is shifting but hasn't yet confirmed a full-blown reversal. BONK price has tested the $0.00001050 support level multiple times, making it a key zone to watch. If this level holds, we may see an upward trajectory toward resistance levels at $0.00001400 and $0.00002000. However, failure to hold this range could lead to another drop toward $0.00000900. A notable MACD crossover is forming on the daily chart, where the MACD line is attempting to cross above the signal line. This would be a bullish confirmation that momentum is shifting in favor of buyers. For BONK to see explosive growth, it must clear significant resistance levels: A strong close above $0.00001400 with high volume would confirm bullish intent. Realistically, BONK reaching $1 within 30 days would require an astronomical 8,385,000% increase from its current price—an impossible feat in such a short time frame. However, short-term gains of 100% to 200% are achievable if the current uptrend gains momentum. Several factors could influence BONK’s price action: While BONK price hitting $1 in 30 days is unlikely, short-term gains remain possible. The technical setup suggests that a breakout is forming, but confirmation above $0.00001400 is needed. Traders should monitor RSI, MACD crossovers, and volume spikes to gauge the strength of the next move .