Crypto expert Man of Bitcoin recently shared thoughts on Bonk price prediction using the Elliot Wave Theory. He explained how much higher the Solana meme coin might go in its next move up.
BONK Price could surge past its All-Time High
In a recent X (formerly Twitter) post, Man of Bitcoin predicted that BONK could reach $0.000027 in its third wave, according to his Elliot Wave analysis. He explained that since BONK has already risen above $0.000022, it shows potential for further growth to that target.
The analyst also noted that BONK seems to have finished its second wave correction, recovering from the $0.0000167 level. His chart suggests that BONK might hit $0.000027 by September.
Once BONK hits $0.000027, it’s expected to see another drop, this time to around $0.000023. However, Man of Bitcoin predicts an even stronger rise afterward, with BONK possibly climbing to $0.000029 in its fifth wave.
While this price is still below BONK’s all-time high (ATH) of $0.000047, which it reached in March, there’s a chance it could reach and surpass that level again. Analysts like Quinten François believe the bull run hasn’t even started yet. It’s also notable that BONK’s ATH coincided with Bitcoin reaching its own ATH of $73,000, so BONK price might hit a new ATH if Bitcoin does the same.
Crypto analyst Jacob Canfield has also shared an optimistic forecast for BONK. He believes that BONK’s market cap could soar to between $5 billion and $10 billion. This prediction is based on his positive view of Solana, which he expects to hit a minimum of $600 and a maximum of $1,700 during this bull run.
