BONK Posts Small Gain as Price Stays in Narrow Range
Solana-based meme token BONK edged up modestly as trading remained confined within a tight range, shaped by repeated resistance tests and fluctuating volumes.
Over the past 24 hours, BONK rose 1.1% to $0.00000988, continuing its consolidation phase between key technical levels. CoinDesk Research data shows the token moved between strong support near $0.00000980 and repeated resistance around $0.00001020.
Volume briefly spiked to 754 billion tokens — about 46% above the hourly moving average — as BONK tested the upper end of its range. Momentum above resistance proved unsustainable, however, and the token reverted to sideways trading as volume tapered. A short dip to $0.00000982 was quickly followed by a V-shaped recovery to the session midpoint.
BONK’s recent market activity reflects ongoing consolidation, with traders operating around established intraday levels. Support at $0.00000980 remains solid, indicating persistent buyer interest, though a clear breakout has yet to occur.
Without a significant increase in volume pushing above $0.00001020, BONK is expected to remain range-bound. A breach below support could open the way for a deeper retracement toward $0.00000950.
