BONK Jumps 10% to $0.000027 Before Profit-Taking Hits
Main Idea
BONK experienced a 10% price surge to $0.000027 before profit-taking caused a slight pullback, with trading activity influenced by strong support at $0.000024 and resistance at $0.000027.
Key Points
1. BONK gained 10% in 24 hours, reaching $0.000027 before a small pullback due to profit-taking.
2. Support held at $0.000024 during early trading, fueling an overnight breakout.
3. The token reached a daily high of $0.000027 between 03:00 and 04:00 UTC on August 13.
4. Trading volumes consistently exceeded the 24-hour average of 956.8 billion tokens.
5. A sharp decline at 12:52 UTC, accompanied by a 38-billion-token volume spike, indicated profit-taking.
Description
BONK posted one of its most significant intraday rallies in recent weeks, climbing 10% from $0.000025 to $0.000027 during the 24-hour period from Aug. 12 at 13:00 UTC to Aug. 13 at 12:00 UTC.. The Solana-based meme token traded in a $0.000031 range, representing 13% volatility, as traders capitalized on short-term momentum, according to CoinDesk Research's technical analysis data model. The rally began after BONK established solid support at $0.000024, with buying interest intensifying. Momentum...
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