Bonk price confirms bullish retest with volume, is a reversal possible?
The post Bonk price confirms bullish retest with volume, is a reversal possible? appeared on BitcoinEthereumNews.com.
Bonk price has confirmed a bullish retest of its point of control (POC), with strong volume inflows signaling continued demand. Market structure remains bullish, keeping the focus on higher resistance levels. Summary POC Retest: Bullish demand confirmed at high-volume support. 0.618 Confluence: Strong technical base for higher prices. Next Target: Value area high, then swing highs for continuation. Bonk (Bonk) price action has respected key technical zones, with a decisive reaction from the point of control in its current trading range. This confluence zone also aligned with the 0.618 Fibonacci retracement, strengthening the case for buyers to step in. Nasdaq-listed Safety Shot created BONK Holdings to accumulate Bonk under its digital asset strategy, adding a fundamental layer to the bullish outlook. With structure intact, Bonk appears well-positioned to rotate toward its next value area high and potentially set new highs 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. BONKUSDT (1D) Chart, Source: TradingView 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…
Filed under: News - @ September 19, 2025 9:27 pm