Bonk (BONK), the Solana-based memecoin, has demonstrated remarkable resilience, executing a significant rebound from a critical Fibonacci retracement level. This technical maneuver, often referred to as the “Golden Pocket,” has successfully established another higher low in BONK’s price trajectory, signaling a potentially robust bullish reversal. The ongoing market structure, characterized by a series of successive higher highs and higher lows, reinforces the underlying strength of its uptrend.
The recent price action saw BONK find substantial support within the 0,618 Fibonacci retracement zone, a region widely recognized by technical analysts as a pivotal area for trend continuation or reversal. This “Golden Pocket” confluence with daily structural support has proven instrumental in fostering the current bounce, reinforcing the cryptocurrency’s bullish market disposition despite recent price corrections. Adding to this technical momentum, Coinbase’s recent decision to list Bonk as eligible collateral for perpetual futures trading has amplified its visibility and integration within the broader derivatives ecosystem, a move likely to contribute to increased liquidity and market confidence.
Key technical indicators underscore the strategic position of Bonk at this juncture:
| Indicator | Significance |
| Golden Pocket | Proven support at the 0,618 Fibonacci retracement, reinforcing bullish market structure and higher lows. |
| Point of Control | Immediate resistance level; a decisive breach is essential for validating the current upward momentum. |
| Upside Potential | A sustained breakout above the Point of Control could propel BONK towards daily resistance and prior swing highs. |
Historically, BONK has exhibited a propensity for accelerated price appreciation following successful reclamation of its Point of Control during previous expansion phases. This pattern suggests that a definitive close above this immediate local resistance is not merely a technical milestone but a necessary catalyst for a rotational shift towards higher daily resistance levels and ultimately, the prior swing highs. For such a move to be sustainable, however, it must be accompanied by strong and persistent bullish inflows, as indicated by the volume profile. Without this fundamental confirmation, any breakout carries the inherent risk of dissipation. Conversely, robust and sustained demand could pave the way for an impulsive rally, ushering BONK into a new phase of price discovery.
In conclusion, Bonk stands at a critical inflection point. Should the current bounce translate into a validated breakout above its Point of Control, underpinned by significant trading volume, the probability strongly favors an accelerated price movement towards its established daily resistance and prior swing highs. Market participants will be closely monitoring these developments for further confirmation of this anticipated bullish continuation.
