BONK-USD reversed some of its losses from earlier in the week, rising 4.6% to $0.00001394 in a bullish move that extended the meme token’s recovery streak. The Solana-based asset has seen steady upward momentum, marking a breakout above $0.00001380 and printing a new local high near $0.000013968.
The 24-hour trading range tightened between $0.00001281 and $0.00001410, reflecting controlled volatility as the price tends to rise through higher consecutive lows, according to CoinDesk Research’s technical analysis data model.
Volume surged 67% above the 24-hour average, reaching 1.15 trillion tokens, confirming strong participation behind the move.
Market sentiment is showing signs of moving towards cautious optimism, with traders eyeing $0.00001400 – $0.00001410 as the next resistance band to overcome. Price action remains supported by a defined ascending structure, reinforced by firm buying interest between $0.00001375 and $0.00001380, where the breakout began.
If BONK maintains its momentum above its recent breakout zone, it could aim for higher levels in the near term. However, a sustained close below $0.00001380 would risk reintroducing range-bound behavior. With volatility and volume increasing, BONK’s setup favors continued upside as speculative interest returns to the meme coin segment heading into November.
Disclaimer: Portions of this article were generated with the help of AI tools and reviewed by our editorial team to ensure accuracy and compliance. our standards. For more information, see CoinDesk Comprehensive AI Policy.
