BONK fell more than 5% to $0.00001213 in the past 24 hours as the Solana-based meme token failed to maintain its momentum above key resistance levels.
The decline came after a brief attempt to break above $0.0000130, which was quickly reversed amid heavy trading activity, according to CoinDesk Research’s technical analysis data model.
Volume peaked at 813.46 billion tokens, almost 50% above the 24-hour average. This move coincided with BONK’s sharp rejection at the $0.0000130 level, confirming near-term resistance. After the reversal, the token slid towards $0.00001223, where short-term support formed to prevent a deeper decline.
Intraday volatility reached 6.6%, with price swings confined within a range of $0.0000086. Hourly data shows a brief rebound from $0.00001280 to $0.00001301, followed by a rapid retracement that erased most of the gains as momentum weakened.
As overall market sentiment stabilized, BONK’s price action reflected the lingering uncertainty typical of meme tokens. The rejection pattern reinforced the prevailing downtrend, suggesting that consolidation could persist between $0.00001223 and $0.00001295 unless expanding volume supports a breakout attempt.
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.
