@akanny.base.eth
Bonk’s corrective pullback to strong support could ignite bullish reversal
BONK is holding a major confluence support zone combining the point of control, 200 EMA, and 0.618 Fibonacci retracement.
Bullish structure remains intact with higher highs and higher lows despite recent correction.
A confirmed reversal with increased volume could drive price back toward daily resistance and the swing high.
After an extended bullish run, BONK bonk-10.26%Bonk has entered a healthy corrective phase, retracing from its daily high-timeframe resistance. This move has brought price into a critical support region with multiple technical confluences, creating an ideal environment for a potential reversal. If this support holds, BONK may resume its uptrend and test prior resistance levels in the near term.
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