BONK Holds Key Support as Volume Surges During Solana Selloff
October 29, 2025
BONK (BONK-USD) fell 3.4% to $0.0000143 on Tuesday, extending its decline amid renewed pressure across the Solana ecosystem.
The drop marked a clear break below the $0.0000146 support level, confirming a short-term bearish bias, according to CoinDesk Research’s technical analysis model.
Trading activity spiked sharply during the downturn, with volume jumping 122% above its daily average to 1.26 trillion tokens around 20:00 GMT, suggesting strong participation from institutional and algorithmic traders.
After peaking near $0.0000152, BONK lost upward momentum, forming a series of lower highs before sliding toward its session low at $0.0000143. Late in the session, a wave of buying interest between 01:32 and 01:50 GMT lifted the token modestly to $0.00001433, establishing a higher low and hinting at early base formation near support.
BONK is now consolidating within the $0.0000143–$0.0000144 range, with resistance at $0.0000144–$0.0000146. Analysts anticipate sideways trading in the near term, noting opportunities for selective accumulation if volumes stay elevated.
