BONK Eyes All time High as ‘Golden Pocket’ Zone Approaches

BONK Eyes All-Time High as ‘Golden Pocket’ Zone Approaches

With a 25% increase in the past day and a 75% increase in the last week, BONK is once again in the sights of investors. There is a lot of market conversation as traders watch the so-called “golden pocket” Fib zone and discuss if this rise has legs. At the time of writing, the meme currency was trading slightly below its daily high of $0.00003936.

Market Momentum and Volume Surge

According to CoinMarketCap statistics, BONK is currently only 33% off its all-time high of $0.00005916, and its trading volume has risen to $2.4 billion, a 60% increase in a single day, which has boosted BONK’s market cap back beyond $3 billion.

According to Coinglass statistics, derivatives volume increased by 150%, while Open Interest increased by 36%, indicating a growing market for BONK exposure. Furthermore, short sellers had a $3.39 million liquidation slaughter in the last 24 hours, adding to bullish pressure.

At the same time, BONK’s LetsBonk.fun, which debuted earlier this year, is making headlines by capturing 52% of the meme currency generating industry.

However, with 401,000 users over the last 24 hours compared to LetsBonk’s 268,000, Jupiter claims that Pump.fun continues to lead in trade activity.

Technical Analysis: Fibonacci Levels and Breakouts

The 4-hour chart of BONK displays a traditional bullish breakout that is backed by volume. The price is currently trading slightly below the 4.236 extension at $0.00004190, having broken through the 3.618 Fibonacci level at $0.00003894.

Traders are paying great attention to this zone since it is a common take-profit location, sometimes known as the “golden pocket” for late-stage rallies.

With the RSI at 78.31, solidly in the overbought zone, momentum indicators provide a strong bullish picture, making BONK one of the top meme cryptocurrencies to buy in July 2025. With widening histogram bars and the MACD line far above the signal line, bullish continuation is indicated.

Price Prediction and Potential Pullback Zones

In a bull market, BONK may retest its all-time high of $0.00005916 after breaking the $0.00004190 Fib level. A significant decline to the 3.618 or 2.618 zones ($0.00003894 and $0.00003414, respectively) might happen, though, if BONK is rejected at the 4.236 Fib zone.

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