Bonk Crypto Price Shows Strong Bullish Signs
Bonkās price has breezed past critical support, showing healthy buyer interest. The crypto has tested its point of control (POC) with remarkable volume, suggesting ongoing demand.
Key levels like the 0.618 Fibonacci retracement align well,providing a robust foundation for price gains. this setup creates promising conditions for price to target its next value area high and beyond.
- POC Retest confirms bullish demand with strong support.
- 0.618 Confluence adds technical strength to the zone.
- Next key target is the value area high, including potential move to new swing highs.
Safety Shot, listed on Nasdaq, formed BONK Holdings to buy Bonk, adding weight to its positive trajectory. With clear upward patterns forming, Bonk looks poised for more gains.
The chart shows multiple higher highs and lows, coupled with strong volume spikes during the retest. This indicates active buyer engagement at the POC. As long as this formation persists, prices can climb towards value area highs and possibly swing highs.
Volume data backs this view; sharp increases show demand holding up prices. For continuity, this bullish volume must stay strong as resistance looms. A value area high reclaim paves way to new heights, reinforcing the uptrend and opening doors to further gains.
Current signs point to bullish price activity. If POC holds up, moving towards value area highs seems likely. A breakout here could speed momentum towards swing highs, cementing Bonkās bullish path.
