BONK experienced a decline in value over the last 24 hours, dropping to around $0.0000087 as previous attempts to maintain higher prices dwindled.
The token underwent significant intraday fluctuations before stabilizing near recent lows, indicating increased volatility without a clear directional trend, based on the technical analysis data model from CoinDesk Research.
Market activity surged as trading volume rose significantly above recent averages while BONK approached short-term resistance around the $0.0000090 mark. However, the price could not sustain above this level, leading to a pullback toward the lower end of its trading range.
BONK later found stability in the range of $0.0000086 to $0.0000088, a price point that has frequently served as a short-term reference in recent trading sessions. While price compression was noted toward the close, the overall market structure remained stable, with the token still trading below previous support levels that now limit upward movement.
From a technical perspective, BONK continues to fluctuate within a specified range, with increased trading volume highlighting sensitivity around nearby resistance levels. Until the price moves back above $0.0000090, trading patterns are expected to reflect consolidation at the lower range rather than a definitive trend reversal.
Disclaimer: Sections of this article were produced using AI tools and have been reviewed by our editorial team for accuracy and compliance with our standards. For additional details, refer to CoinDesk’s complete AI Policy.
