BONK experienced a drop of 4.5% in the last 24 hours, falling from $0.000009524 to $0.000009097 after a strong previous performance hit a significant resistance level.
The token traded within an intraday range of 11.8%, peaking at $0.000010183 before declining and entering a tight consolidation phase, as noted in CoinDesk Research’s technical analysis data model.
A notable spike in trading volume marked this reversal point, with a rise to 2.03 trillion tokens as the price neared the $0.00001010 mark. The trading intensity at this level confirmed its role as a ceiling preventing further gains. Following this rejection, BONK consistently moved lower before stabilizing above $0.00000910, where volatility decreased during the later part of the session.
BONK is currently trying to stabilize near support, with hourly metrics showing several short-lived upward movements toward $0.000009147, accompanied by periodic volume surges of approximately 27.6 billion tokens. These fluctuations reflect active participation in the market around the lower limit of the range, with price behavior beginning to outline a potential consolidation base as the next session approaches.
Short-term dynamics now depend on whether BONK can maintain stability above the $0.00000910 level. A breakthrough through nearby resistance at $0.00000915–$0.00000920 would indicate meaningful progress toward reversing Tuesday’s decline, whereas failure to hold support raises the risk of a retest at the $0.00000890 level.
Disclaimer: Parts of this article were generated with the assistance of AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
