BONK Dips 4% on Surging Volume as Bulls Struggle to Hold Support
BONK, the Solana-based meme token, slipped 4% over the past 24 hours, retreating from a local high of $0.0000377 to an intraday low of $0.00003278. The decline follows a sharp increase in trading activity, as volume surged to 2.82 trillion tokens — signaling significant profit-taking after a failed breakout attempt.
A concentrated burst of selling occurred between 13:41 and 13:51 UTC, with over 145 billion BONK tokens changing hands in just 10 minutes. This spike in volume coincided with a rejection at the $0.000038 resistance level, triggering a fast-paced move lower that tested key technical support zones.
The price action reflects broader altcoin market weakness, with SOL, DOGE, and ADA also posting losses amid fading bullish momentum across major assets. As Bitcoin and Ethereum stalled near resistance, traders moved to de-risk, leaving meme assets like BONK particularly exposed to downside volatility.
Despite the decline, BONK continues to trade within a mid-term consolidation range, with analysts pointing to $0.000032 as a critical level. A clean bounce from that zone could reignite upward momentum, but continued pressure may lead to further downside toward lower support levels.
Key Metrics:
- 24H Performance: –4%
- High/Low: $0.0000377 / $0.00003278
- Volume: 2.82T BONK
- Breakdown Catalyst: $0.000038 resistance rejection
- Short-Term Support: $0.000032
Market participants remain cautious, with attention now turning to broader crypto sentiment and Bitcoin dominance as potential indicators of BONK’s next move.
