Bonk Surges Past Key Support Level, Bullish Signals Strengthen
Bonk’s price has successfully tested and retested its point of control (POC), backed by robust volume flows, indicating sustained buyer interest. The market framework stays positive, focusing on upcoming resistance levels.
- The POC retest validated bullish demand at a high-volume support zone.
- A 0.618 fibonacci level offered significant technical backing for price gains.
- Targets now include the next value area high, possibly followed by initial swing highs.
nasdaq-listed Safety Shot set up BONK Holdings to gather Bonk, fortifying its investment potential. This move aligns well with ongoing market trends. If supportive trading patterns endure, Bonk may soon reach its next value area high and establish fresh peaks.
The chart illustrates a clear bullish pattern, marked by rising highs and escalating lows across varying time periods. Volume data further affirms optimism; notable volume spikes have occurred following the POC test, illustrating active buyer participation at this level. For Bonk to maintain its upward trajectory, this strong volume must remain steady as prices near resistance.
Should Bonk reclaim the value area high, the subsequent goal shifts to the swing high, possibly creating a new upward benchmark. This outcome would bolster the overall bullish trend, opening avenues for significant growth. Bonk exhibits strong bullish signs; consistent defense of POC support could pave the way toward securing new milestones.
