Bonk’s price has rebounded from the Golden Pocket Fibonacci zone, confirming another higher low. Technical confluence suggests a bullish reversal is underway, with upside potential toward daily resistance and prior highs.
Summary
- BONK has bounced from the Golden Pocket Fibonacci zone, confirming another higher low.
- The point of control acts as the immediate resistance to reclaim.
- Breakout above resistance could trigger acceleration toward daily resistance and swing highs.
Bonk (Bonk) has found critical support at the Golden Pocket Fibonacci retracement, a region further strengthened by daily structure and the 0.618 Fibonacci retracement. The bounce confirms ongoing bullish market structure, positioning BONK for a continuation higher if resistance is reclaimed with volume support. Adding to its momentum, Coinbase has officially listed Bonk as eligible collateral for perpetual futures trading, enhancing its visibility in the derivatives market.
Bonk price key technical points
- Golden Pocket Support: Confluence of 0.618 Fibonacci and daily support confirms another higher low.
- Point of Control Resistance: Current local resistance must be breached for sustained upside.
- Upside Potential: Successful breakout could propel BONK toward daily resistance and the swing high.
The Golden Pocket region has once again acted as a reliable area of support for BONK, producing a bounce that aligns with broader bullish market structure. By establishing another higher low, BONK has reinforced the ongoing uptrend, keeping bullish momentum intact despite recent corrective moves.
The market structure now shows a consistent pattern of consecutive higher highs and higher lows. This is a hallmark of strong bullish trends, and the current bounce adds weight to the probability of continuation. Historical price action also reinforces this view, as BONK has previously accelerated after reclaiming the point of control during past expansions.
Currently, the point of control serves as the immediate local resistance. A close above this level is essential to validate the bounce and trigger a rotation toward daily resistance and the swing high. For the move to be sustained, strong and sustained bullish inflows on the volume profile are required. Without this confirmation, any breakout risks fading. Sustained demand, however, could open the door for an impulsive rally toward higher levels.
What to expect in the coming price action
BONK is at a key inflection point. If the bounce is confirmed with a breakout above the point of control, probability favors an accelerated move toward daily resistance and prior swing highs.