BONK Weakens as Repeated Stress Tests Limit Meme Token Momentum

BONK decreased to $0.00001073, down 2.1% in the last 24-hour window, as another attempt to reclaim higher grounds failed below the familiar $0.00001090 resistance band.

The token is lagging broader crypto benchmarks by about 3.5 percentage points, extending a multi-session trend of relative underperformance even as major assets posted modest gains, according to CoinDesk Research’s technical analysis data model.

Volume increased sharply, increasing 11.46% above BONK’s weekly average to 557.6 billion tokens. A major spike at 16:00 UTC pushed turnover to 879.0 billion – around 58% above typical session levels – coinciding with another rejection at the upper end of the range. Trading then declined decisively, with BONK falling below $0.00001080 after several failed bounces.

A brief move from $0.00001085 to $0.00001072 marked the sharpest decline of the session, supported by volume of 63.3 billion and reinforcing the lower and higher trend that shaped BONK’s chart throughout November. Support remains concentrated around $0.00001050 to $0.00001040, while a sustainable recovery would require a return above $0.00001090 due to strengthening volume.

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.

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