BONK Falls Below Key Support as Volume Spikes, Short-Term Outlook Turns Bearish
BONK dropped beneath a critical support level amid heightened trading activity, signaling fragility in its short-term structure. Over the past 24 hours, the token slid to $0.00001006, extending a downtrend that began after repeated failures to hold the $0.00001090 zone.
According to CoinDesk Research’s technical model, BONK broke below $0.00001032, a level that had previously provided short-term stability. The decline coincided with a surge in volume to 1.06 trillion tokens—over 113% above the recent average—with late-session spikes of 28.6 trillion and 32.1 trillion tokens as the token tested intraday lows near $0.00001017.
Hourly charts show a sequence of lower highs and lower lows, with momentum indicators approaching oversold territory. While short-term bounces remain possible, overhead resistance at $0.00001032 now acts as the first major hurdle.
Support at $0.00001017 is critical: a sustained break below this level could open the door to further declines, while recovery attempts face tight resistance above.
