BONK Demonstrates Robust Support Recovery, Positioned for Growth Potential

Technical Analysis of BONK: BONK has bounced from the Golden Pocket Fibonacci zone, confirming a higher low and reinforcing a bullish market structure, indicating potential upward movement.

Resistance and Breakout Potential: The cryptocurrency faces immediate resistance at the point of control; a successful breakout above this level could lead to significant upward momentum.

Coinbase Listing Impact: BONK's listing as collateral for perpetual futures trading on Coinbase enhances its market visibility and could increase demand in the derivatives market.

Market Sentiment: Growing interest in BONK, supported by its technical foundation and recent developments, suggests a strong bullish trend despite potential risks of price retracement.