BONK's price action has turned parabolic as market sentiment shifts from bearish to bullish territory. Over the past week alone, the token surged roughly 80%—marking its strongest weekly performance since mid-September. This kind of explosive move reflects broader momentum in the crypto market, with retail and institutional attention both pivoting toward risk-on assets. The technical picture supports this narrative, with the Relative Strength Index signaling potential continuation of upside momentum. Whether this rally sustains or faces consolidation will depend on whether buyers can defend these elevated levels and maintain the current bullish sentiment.