Popular cryptocurrency analyst and strategist Bluntz anticipates that the Solana 
$88-based memecoin Bonk (BONK) will exhibit strong performance next week, despite recent corrections. His predictions are based on technical analysis and market trends, reflecting a broader sentiment within the cryptocurrency community regarding memecoin dynamics.
Analyst’s BONK Forecast
In a statement to his followers on the social media platform X, Bluntz noted that Bonk is currently in the midst of a five-wave upward movement. As a well-known practitioner of the Elliott Wave theory, he explained that an asset in an upward trend typically follows a five-wave rally, which adds to his bullish outlook.
Price Targets and Comparisons
Bluntz shared a chart predicting that BONK could rise to $0.000033. He also suggested that BONK would outperform PEPE, stating, “There was a quick drop on the weekly, which I believe places BONK in an ideal position for a turbo green week.”
At the time of writing, BONK is trading at $0.000024, having risen from a 24-hour low of approximately $0.0000216. This upward movement indicates potential for further gains, aligning with Bluntz’s expectations.
Bluntz highlighted PEPE in his analysis, stating, “I see this drop as a wave 4, presenting a perfect opportunity for those on the sidelines.” According to his chart, PEPE is expected to rise to $0.000013, completing a small five-wave rally. Currently, PEPE is valued at $0.00001.
Bluntz’s optimistic outlook for BONK’s performance suggests potential opportunities for traders, especially considering that the leadership in the memecoin market is perceived to be shifting from PEPE to BONK.
