Bonk Price Prediction: Is a Rally on the Horizon?


South Korea's largest crypto exchange, Upbit, has listed the Solana meme coin Bonk, leading to a 7% increase in its price today. This move has sparked interest among traders and analysts, raising questions about Bonk's future.

Upbit Lists Bonk for Trading


On October 22, Upbit announced the listing of Bonk for spot trading. This listing is significant, as Bonk has become one of the most sought-after digital assets. Trading began at 06:00 PM KST, allowing users to trade BONK against USDT.

Trading Conditions

Upbit has set certain trading conditions. Deposits and withdrawals through other Solana networks are not supported. For the first 24 hours, BONK withdrawal fees will be waived, after which standard fees will apply.

Transaction restrictions are in place. Sell orders below 10% of the previous day's closing price will be restricted for about five minutes after trading begins, ensuring market stability.

Bonk's Recent Developments

In addition to the Upbit listing, Bonk plans to launch a BONK ETP (Exchange-Traded Product) in the U.S., fueling optimism about its future price movements.

Price Forecast: Can Bonk Double?

Following the Upbit announcement, BONK's price jumped 7% within an hour, extending its monthly rally to over 35%. Traders are hopeful for a new all-time high as Bonk has been consolidating for months.

Technical Indicators Point to a Rally

Analysts are observing a potential "golden cross," where the 50-day moving average (MA) is expected to cross above the long-term 200-day MA. This pattern is seen as a bullish indicator, suggesting an upcoming price rally. Current targets for BONK are set between $0.000035 and $0.000045, as it trades around $0.00002425.

Current Trading Metrics

Bonk is currently trading at approximately $0.00002321, with a 24-hour low of $0.00002304 and a high of $0.00002485. Trading volume has surged by 30% in the last 24 hours, indicating heightened interest among traders as Per Coinpedia markets data.




For a deeper dive into the future of Bonk, check out our detailed Bonk  Price Prediction article!

Additionally, open interest in futures contracts for Bonk has exceeded $300 million, reflecting a 20% increase. This surge signals growing market participation and investor confidence, as traders anticipate significant price movements.

With the recent listing on Upbit and optimistic forecasts, Bonk is positioned for potential growth. As traders monitor key indicators and market conditions, many hope Bonk could achieve new highs soon. For those interested in Bonk's price journey, keep an eye on these developments!

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