BONK Pushes Higher, Tests Resistance at $0.0000264
Main Idea
BONK, a Solana-based memecoin, gained 1.7% in 24 hours, testing resistance at $0.0000264 amid volatile trading and strong volume.
Key Points
1. BONK rose 1.7% to $0.00002626, with resistance holding firm at $0.00002640.
2. 24-hour trading volume exceeded 1 trillion tokens during recovery phases.
3. The price rebounded from a low of $0.00002485, reaching a high of $0.00002645.
4. A volume spike of 48.86 billion tokens coincided with a failed breakout attempt past $0.00002615.
5. Support was established at $0.00002550–$0.00002600, with elevated liquidity in the $0.00002580–$0.00002610 band.
Description
BONK, a Solana-based memecoin, advanced 1.7% in the last 24 hours to $0.00002626. The token traded within a 4% range, with a high of $0.00002645 and a low of $0.00002485 , producing a $0.00000160 spread, according to CoinDesk Research's technical analysis data model. The price rebounded from the low at 16:00 UTC on Aug. 7, moving toward the peak during the European morning on Friday. This recovery phase saw total volume surge above 1.09 trillion tokens, greater than the daily average. However, m...
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