Bonk price has reacted strongly from a high-timeframe support confluence, sparking a bullish rally. With rising volume, a strong market structure, and higher lows forming, the token is now positioned to test higher resistance levels.

Bonk (BONK) has shown impressive resilience after finding strong support at a key technical region. This area, anchored by the 0.618 Fibonacci retracement and the point of control, has provided the foundation for a decisive bullish reaction.

The rebound has fueled an impulsive rally that pushed the price above the POC, with momentum now carrying toward the Value Area High and ultimately the swing high that aligns with higher-timeframe resistance. Adding to this momentum, Nasdaq-listed Safety Shot has launched a subsidiary called BONK Holdings, dedicated to acquiring Bonk tokens as part of its broader digital asset accumulation strategy.

Bonk price key technical points

• Support Rebound: Price bounced from 0.618 Fibonacci and point of control.
• Market Structure: Consecutive higher lows signal bullish continuation.
• Upside Targets: Value area high and swing high at higher-timeframe resistance.

The reaction at this critical support zone is notable because it confirms demand where confluences align. Market structure has remained firmly bullish, as the rally not only reclaimed the POC but also established a sequence of higher lows. This structural strength signals that buyers are in control, pushing the trend toward continuation.

Volume dynamics further reinforce the bullish c

Go to Source to See Full Article
Author: Aziz Zamani