Bonk Price Confirms Bullish Retest with Volume - Is a Major Reversal Imminent?

Bonk just flashed its most bullish signal in months—and the volume confirms this isn't just another false alarm.

Breaking the Pattern

After weeks of sideways action, Bonk's chart just printed a textbook bullish retest. Price dipped, held key support, and ripped higher on surging volume. That’s the kind of momentum shift traders live for.

Volume Tells the Real Story

No shaky breakout here. Volume spiked 40% above the 30-day average—real money moving in, not just retail hype. When institutions start accumulating, reversals tend to stick.

Could This Be the Bottom?

If support holds here, we’re looking at a classic reversal setup. The kind that makes short sellers panic and FOMO buyers pile in. Just remember—in crypto, even 'sure things' have a habit of humbling the overconfident (usually at the worst possible time).

Bonk price key technical points

• Point of Control Retest: Bullish demand confirmed at high-volume support.
• 0.618 Fibonacci Confluence: Reinforces the strength of the support zone.
• Next Target: Value area high, with potential extension into swing highs.

The current market structure on Bonk remains bullish, with consecutive higher highs and higher lows forming across multiple time frames. After testing daily support in confluence with the 0.618 Fibonacci retracement, price rebounded with strong momentum. The point of control was back-tested and held, leaving multiple wicks on the chart that confirm strong demand from buyers.

From a structural perspective, this confirms the presence of accumulation at the current level. As long as this higher-low formation holds, the probability of continuation toward the value area high increases significantly.

Volume data provides additional confirmation of the bullish outlook. Volume nodes have been increasing sharply since the retest, signaling that demand is actively supporting price at the POC. For Bonk to continue its rotation higher, this bullish influx of volume must persist as price approaches resistance.

If the value area high is reclaimed on a closing basis, the next logical target becomes the swing high, where a new higher high could be established. This WOULD further reinforce the macro bullish uptrend and potentially open the door to even higher levels.

What to expect in the coming price action

Bonk is currently displaying strong bullish signals across price action, structure, and volume profiles. As long as the POC support remains defended, the likelihood of continuation into the value area high remains strong. A breakout above that level would likely accelerate momentum into the swing highs, solidifying Bonk’s position within its broader bullish uptrend.