Is BONK the Next 1000x Crypto?
The post Is BONK the Next 1000x Crypto? appeared on BitcoinEthereumNews.com.
Bonk (BONK) has been turning heads lately with a sharp breakout. But with prices still incredibly low, many are asking the big question: Can a $1,000 investment in BONK today really turn into $1 million by 2025? Let’s dive into the latest charts, the real numbers, and the possibilities ahead. BONK Price Prediction: BONK Enters a Full-Fledged Breakout Mode BONK/USD 1-Day chart, TradingView Looking at the daily chart, BONK has staged an impressive comeback. After months of sideways action and accumulation under the $0.00001000 mark, the token finally blasted through resistance. BONK is now trading around $0.00001900, up over 70% in just a few weeks. The BONK price has crossed above the 20-day, 50-day, and even the 100-day moving averages — a strong signal that the trend has shifted bullish. What’s more impressive is the Accumulation/Distribution Line (ADL), now spiking towards 1,594.49, showing strong hands accumulating BONK aggressively. The next major daily resistance sits around $0.00002400 (the 200-day SMA), and clearing that could open the door to a rapid climb toward $0.00003000 and higher. Hourly Chart: Short-Term Pullback or New Buying Opportunity? BONK/USD 1-HR chart, TradingView On the hourly timeframe, BONK shows a slight pullback after its recent surge. It’s currently testing the 20-hour moving average around $0.00001800. This is perfectly normal after a big rally — a cool-down period is healthy for sustainable growth. Despite the pullback, the moving averages remain stacked bullishly. The 50-hour and 100-hour moving averages are far below the current price, showing that momentum is still with the bulls. The hourly ADL also remains stable near 1,478.22, suggesting no major distribution from whales yet. If BONK holds above $0.00001750, the next bounce could easily retest the highs around $0.00002100 and push beyond. The Million-Dollar Question: $1,000 to $1 Million? Let’s break it down with simple…
Filed under: News - @ April 26, 2025 3:19 pm