The meme piece based in Solana Bonk has resisted 24 hours volatile, because an important institutional activity has defined both the ups and downs of the commercial range.
The token reached $ 0.000026 and quickly encountered resistance to this level, with 4.02 billions of tokens changing the hands during a MIDI rejection which established a clear technical ceiling in the short term, according to the Technical Analysis Data model of Coindesk Research.
From there, Bonk slipped 6% to find a floor almost $ 0.000023, where 1.07 billion of chips exchanged while buyers absorbed the sale pressure. This area has now become a key support level, tested several times without breaking.
Bonk then organized a modest recovery, winning approximately 1% from $ 0.000024 to $ 0.00002425. The rebound was powered by tips of sharp volume at 10:48 UTC and 10:49 UTC, 21.99 billion and 31.43 billion tokens, respectively, suggesting the accumulation of larger players just above the previous resistance.
Traders are now faced with a defined battle line: the resistance remains set at $ 0.000026, with a support anchored at $ 0.000023. A thrust sustained above 0.000025 could point out the start of a more pronounced movement, while breaking of the lower binding risks retains the stockings in early August, depending on the model.
Bonk’s high continuous liquidity, even in the midst of recent volatility, underlines its position as one of the most active tokens in the meme parts sector. Institutional participation has maintained the action of closely linked prices, but it has also increased the potential for sudden thrusts if the control books at key levels.
Technical analysis
- Exchange reduction: $ 0.000023 to $ 0.000026 over the 23 -hour period.
- Resistor locked at $ 0.000026 after the 4.02T tokens sales wall.
- The support confirmed at $ 0.000023 with chips of 1.07T exchanged.
- The price closed at 0.00002448, down 0.92% over the period.
- Bound at the end of the session from 0.000024 to 0.00002425 $ (+ 1%).
- Volume peaks at 10:48 UTC (21.99b) and 10:49 utc (31.43b) suggest accumulation.
- Consolidation area emerging between $ 0.000024 and $ 0.000025.
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