Bonk (BONK) Price Bounces from Golden Pocket: Is a Rally Ahead?
Bonk (BONK) has rebounded strongly from the critical Golden Pocket region, marked by the 0.618 Fibonacci retracement and daily support structure. This confluence has historically provided strong technical footing, and its effectiveness once again strengthens the ongoing bullish market structure.
The recent bounce confirms another higher low, maintaining the pattern of higher highs and higher lows. This structure is often associated with strong bullish momentum, and BONK appears to be holding that trajectory—pending a successful test of immediate resistance.
At the time of writing, the Point of Control (POC) now serves as the key short-term resistance level. A decisive break above this area, backed by volume, would likely confirm the bounce and open the path toward daily resistance and prior swing highs. However, volume confirmation is critical. Without strong bullish inflows, the breakout risks fading, making this inflection point especially pivotal.
Coinbase’s recent decision to list Bonk as eligible collateral for perpetual futures has added fresh momentum to the token’s narrative. This move not only boosts visibility in the derivatives market but also signals growing institutional interest in BONK’s liquidity profile.
Historically, BONK has shown accelerated moves once reclaiming control zones during broader expansions. Should the token clear the current POC with conviction, the probability increases for a rally toward the next resistance cluster.
The key to BONK’s near-term outlook lies in confirming buyer strength through sustained volume and price commitment above resistance. If those conditions are met, bulls may regain control and push the asset higher.
As always, market conditions remain dynamic. Traders are advised to monitor volume profiles and structural changes closely.
