BONK Drops 4% With Volatility Exceeding Altcoin Average

Description

BONK traded under sustained selling pressure on Wednesday falling 3.9% to $0.00002383 in 24 hours. The Solana-based memecoin swung between a high of $0.00002486 and a low of $0.00002360, a range that translated to 50.3% volatility, well above the altcoin average, according to CoinDesk Research's technical analysis data model. Multiple attempts to reclaim higher ground were rejected near the $0.00002480 resistance zone, where persistent selling capped intraday rallies. Volume surged to 682.03 bil...