The Super Whites scored two goals in the first 10 minutes to secure a seventh consecutive home win that left Wolves only a point clear of the relegation zone.
Bolton opened the scoring with a close-range effort by David Ngog from a smart Jay Spearing’s corner.
Marcos Alonso then wrong-footed Dorus De Vries to double the advantage.
De Vries made a series of brilliant saves to the score down, as the whites threatened to run up a cricket score in the first half, while Bolton keeper Adam Bogdan also excelled to deny Wolves a way back into the match.
The result means Bolton remain in the hunt for a play-off spot – eighth, and two points behind sixth-placed Brighton – and have registered their best home sequence since 1995.
The Whites seem to have a knack of starting quickly under Dougie Freedman and they did so again to take a third-minute lead.
Spearing’s set-piece was headed goalwards by Craig Dawson and, when De Vries was unable to hold the defender’s powerful header, Ngog was on hand to slam the ball into the roof of the net.
There was further misery for the midlanders when Alonso’s shot squirmed past De Vries after Medo Kamara’s drive was deflected into his path.
Wolves were hanging on as the Whites played some scintillating stuff and were indebted to their keeper for preventing further damage.
Chungy cut in from the left to bring a superb save from De Vries, who then went on to thwart Marvin Sordell from close range.
Super John McGinlay made a rare appearance on the pitch at half time to a rousing Reebok reception evoking some great memories of victories past and Ding-Dong-do’s between to to famous Wanderers
Tongo Doumbia replaced Jake Cassidy after the interval as Wolves boss Dean Saunders looked to change his attacking options, and to some degree it worked with the visitors having the lions share of possession early in the second half
Bogdan, who was a spectator in the first half and playing his first game since injury sidelined him some 4wks ago showed magnificent reactions to pluck Kevin Doyle’s firm header from Kaspars Gorkss’s cross out of the top corner, he then forced Wolves substitute Adam Hammill wide when well placed,
Hunt seemed to be doing his best to wind up the home fans with his theatrics, but luckily the referee Andy D’Urso was having none of it and waved play-on when others might have been fooled.
An ecstatic Dougie Freedman said after the game “There are a few games to go and we will try to get over the finishing line. We started the game so well and in the first 30 minutes we expressed the talent that we’ve got and, if we’d have been better at finishing, we would have been four or five up.
“In the second half you then saw a very organised team who could hold out for the win, which is something we weren’t at the start of the season.
“I think that teams and even fans of other teams are looking at us as a club facing the right direction and getting better.
“The problem for us is that the games are running out, but you can tell by today that we’re going somewhere as a team and that we are more than capable of making that final push.”
Meanwhile Dean Saunders admitted “We didn’t really deserve anything from the game, We gave ourselves too much to do in the first 20 minutes and our keeper made two or three cracking saves to keep us in the game.
“Sometimes emotionally and mentally the Championship is so demanding and that was what was wrong with us today. I changed it after 20 minutes just to keep us in it and Kevin Doyle and Adam Hammill missed two great chances.
“But Bolton have got very good players and are a top team in good form and we’ve bumped into them at a bad time. All in all we’ve got to take the positives out of it because at least we never crumbled and, after Huddersfield drew, we’ve got a chance to do them serious damage if we beat them next week.”
Bogdan 7, Alonso 7, Knight 7 , Dawson 7, Ricketts 7 , Eagles 7, Spearing 8(Booked), Lee 7, Medo 9, Ngog 7 (Butterfield – 83′ ), Sordell 7 (Booked, C Davies – 66′ )
De Vries 9, Johnson 6, Robinson 6, Gorkss 7, Doherty 6 (Booked), Hunt 4, O’Hara 5 (Hammill – 75′ ), Davis 5 (Henry – 25′ ), Sigurdarson 5, Doyle 6, Cassidy 5(Doumbia – 46′ Booked )
Man of the Match.. Medo