BONK-USD has rebounded from earlier losses this week, climbing 4.6% to $0.00001394, continuing its bullish trend. The Solana-based asset gained consistent upward traction, surpassing $0.00001380 and establishing a new local high near $0.000013968.
The 24-hour trading range has narrowed between $0.00001281 and $0.00001410, indicating controlled volatility as the price consistently trends higher with successive higher lows, as shown by CoinDesk Research’s technical analysis data model.
Trading volume increased by 67% above the 24-hour average, reaching 1.15 trillion tokens, signaling robust participation behind this upward move.
Market sentiment is shifting towards cautious optimism, with traders focusing on $0.00001400–$0.00001410 as the next resistance zone to tackle. The price action is supported by a clear ascending structure, bolstered by solid buying interest in the $0.00001375–$0.00001380 range, where the breakout initiated.
If BONK sustains momentum above its recent breakout area, it may aim for higher levels in the near term. Conversely, a persistent close below $0.00001380 could lead to a return to range-bound conditions. With both volatility and volume rising, BONK’s setup favors continued upward movement as speculative interest returns to the meme coin sector as November approaches.
Disclaimer: Parts of this article were generated with assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For further information, see CoinDesk’s full AI Policy.
