BONK experienced a 1.47% increase in the last 24 hours, reaching $0.00000954. This follows a 4.2% rise since Friday, with trading sitting just below the crucial $0.00001 mark.
The memecoin rose from $0.00000940 but faced ongoing resistance around $0.00000958, trailing the CD5 crypto index by approximately 2%. Traders remained focused on tight-range positioning rather than broader market momentum, as noted by CoinDesk Research’s technical analysis data model.
Volume patterns significantly influenced the session’s structure. Activity surged 78% beyond the 24-hour moving average late on December 7, hitting 1.06 trillion tokens as BONK confirmed support at $0.00000900.
Trading narrowed into a compact range, with several 60-minute intervals testing the $0.00000952–$0.00000956 area. A short-term descending pattern emerged after rejection from $0.00000962, although a series of higher lows maintained a slight upward bias.
Without major catalysts, BONK’s immediate outlook depends on its ability to break through resistance. A move above $0.00000962 would shift focus back to the $0.00001000 level, whereas failure to hold support around $0.00000951 could lead to a return toward the reinforced $0.00000900 floor.
Disclaimer: This article contains content generated with AI assistance and has been reviewed by our editorial team to maintain accuracy and compliance with our standards. For further details, refer to CoinDesk’s complete AI Policy.
