Introduction to Bonk’s Price Rebound

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.

Critical Support and Momentum

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.

Key Technical Points

Bonk price key technical points include:

• 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.

Market Structure and Uptrend

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.

Bullish Trends and Price Action

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.

Immediate Resistance and Sustained Inflows

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.

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.