BONK Slides 6% to Test Key Support
Main Idea
BONK, a Solana-based meme token, experienced a 6% drop to test key support at $0.000024, followed by a 3% recovery amid high trading volumes and volatility.
Key Points
1. BONK fell 6% to test $0.000024 support after repeated rejections near $0.000027.
2. A high-volume recovery lifted the token 3% in the final hour of trading.
3. The trading range spanned 10% over the 24-hour period amid elevated volumes.
4. Volume spiked to 1.13 trillion tokens, well above the 24-hour average of 708 billion.
5. BONK found firm support around $0.000024 at 10:00 UTC on 889 billion tokens traded.
6. The rebound signaled possible short-term stabilization, forming $0.000024 as a key support level.
Description
BONK fell nearly 6% in the last 24 hours, dropping from $0.00002606 to $0.00002436 in a move that carved out a $0.0000028 range , roughly 10% of its trading spectrum. The decline accelerated after the token failed to hold gains near $0.000027 on Aug. 11, where volume spiked to 1.13 trillion tokens, well above the 24-hour average of 708 billion, according to CoinDesk Research's technical analysis data model. Selling pressure persisted into the morning of August 12, with BONK finding firm support ...
Latest News
- DOGE Rises 5.6% on $200M Whale Accumulation Despite Late-Session Selloff2025-08-13 04:43:27
- XRP Gains 4% as Ripple-SEC Settlement Spurs Institutional Buying2025-08-13 03:43:28
- Asia Morning Briefing: Polymarket Bettors Foresee $5K ETH by End of August2025-08-13 03:04:43
- Circle Dips 6% After Hours on 10M Share Secondary Offering2025-08-12 22:21:20
- Kazakhstan’s Fonte Capital Introduces Central Asia’s First Spot Bitcoin ETF2025-08-12 22:20:58