Bonk (BONK), the Solana-based meme coin, has recently confirmed a bullish retest at the Point of Control (POC) zone. The surge in trading volume signals that buyers remain strong and the overall market structure continues to lean bullish.
Analysts highlight that BONK’s current movement aligns with the 0.618 Fibonacci retracement level, creating a significant confluence zone. This alignment further strengthens the bullish bias, suggesting the potential for a renewed upward trend in the coming days.
Technical Outlook
- Point of Control (POC) Retest: Strong support confirmed with solid trading volume.
- 0.618 Fibonacci Confluence: Indicates bullish continuation.
- Next Target Zones: First, the Value Area High, followed by potential tests of swing highs.
Fundamental Support
Beyond technical factors, BONK is also gaining fundamental momentum. Nasdaq-listed Safety Shot recently launched BONK Holdings as part of its digital asset strategy. This corporate endorsement is seen as a confidence boost for the token’s long-term prospects.
Looking Ahead
If BONK maintains its current structure, the next key milestone will be the Value Area High. A successful breakout above this level could pave the way for the coin to reach new highs. While market volatility remains an ever-present risk, BONK continues to show bullish momentum, keeping investors closely focused on its next moves.
