Bonk Price Prediction as BONK Gains 130% From Recent Lows – Dip-Buying Opportunity Over?

cryptonews.com:

The Bonk (BONK) price has been moving aggressively higher over the past week despite a subdued tone to recent trade in the blue-chip cryptocurrency market. BONK is now up more than 130% from the lows it set earlier in the month.

The leading Solana meme coins. was trading around $0.000028, having dipped as low as $0.0000124 on April 13.

The surge in the Bonk price comes after it broke to the north of a downtrend on Sunday, igniting a wave of technical buying, with BONK now challenging late March highs around $0.000029.

Having more than doubled from its earlier monthly lows, meme coin investors are asking whether the dip-buying opportunity is over.

At the current Bonk price of $0.000028, BONK is still down more than 40% from its 2024 peaks.

On March 4, Bonk hit an all-time high of $0.000047.

So, yes, investors jumping into Bonk right now have, of course, missed the recent price bottom.

But Bonk has shown it can trade at substantially higher levels than its current price.

So, arguably, the dip-buying opportunity isn’t over yet.

Of course, meme coins are highly risky, and investors shouldn’t risk more than they can afford to lose.

Given its lack of obvious utility, Bonk could easily lose 90% or more of its value from current levels in the blink of an eye.

That being said, Bonk is a very well-established meme coin at this point.

It’s been around since 2022 when Solana devs launched it via airdrop to reignite post-FTX collapse on-chain activity.

Since then, Bonk has amassed a large community, the lifeblood of any meme coin.

Bonk has nearly 280,000 followers on X, 13,600 on Telegram, and 22,000 on Discord.

That suggests a strong likelihood that Bonk remains a leader in the meme coin space.

Bonk could be a great bet for those betting that