BONK Slips 4.5% After Failing to Clear Key Resistance
BONK declined 4.5% over the past 24 hours after an early rally stalled near a key resistance level, pushing the token back toward support. Price fell from $0.000009524 to $0.000009097 as upside momentum faded following a rejection near $0.00001010.
According to CoinDesk Research’s technical analysis model, BONK traded within an intraday range of nearly 12%, peaking at $0.000010183 before reversing lower and settling into a narrow consolidation zone. The rejection was accompanied by a sharp surge in activity, with trading volume climbing to 2.03 trillion tokens as price tested the $0.00001010 area, underscoring its role as a near-term ceiling.
After the pullback, BONK drifted steadily lower before stabilizing above $0.00000910. Volatility eased later in the session as price compressed near that level. Hourly data showed multiple short-lived attempts to move higher toward $0.000009147, each marked by intermittent volume spikes of roughly 27.6 billion tokens, suggesting active participation around the lower boundary of the range.
Near-term direction now depends on whether BONK can hold above the $0.00000910 support zone. A sustained move through resistance between $0.00000915 and $0.00000920 would indicate progress toward reversing the recent decline, while a breakdown could open the door to a retest of the $0.00000890 area.
