BONK edged higher over the past 24 hours, rising 2.84% to $0.00001215, establishing a well-defined consolidation range as the price stabilized above key support levels, according to CoinDesk Research’s technical analysis data model.
Volume reached 2 trillion tokens around 20:00 UTC on Tuesday – around 134% above the daily average – as BONK rebounded from $0.00001099.
Following this burst of activity, the token held in the $0.00001170 – $0.00001210 area for most of the day before testing new intraday highs near $0.00001217.
The price movement may reflect an orderly consolidation phase following the recent volatility in the meme token segment. Despite intermittent pullbacks, BONK has maintained its pattern above its near-term support base, suggesting continued stabilization rather than renewed bearish momentum. While volume levels remain robust, the token continues to attract the attention of traders who are monitoring a possible breakout beyond its current range.
In the near term, BONK faces resistance between $0.00001217 and $0.00001225, an area that has capped prior advances. A clear move above this band could validate a continuation trend targeting higher levels. On the downside, $0.00001099 remains the critical support floor to watch, with a break below potentially signaling a return to lower consolidation zones.
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.
