BONK rose 1.1% over the past 24 hours to $0.00000988, trading in a narrow band as the Solana-based meme token continued its consolidation phase.
Price action held within well-defined technical limits, with the session fluctuating between firm support near $0.00000980 and repeated resistance tests around $0.00001020, according to CoinDesk Research’s technical analysis data model.
Activity briefly picked up, with volume reaching 754 billion tokens – around 46% above its hourly moving average – as BONK challenged the upper end of the range. Despite the increased participation, the token failed to maintain momentum above resistance, reverting to a sideways movement as volume declined towards the close. Subsequent trading saw a brief decline towards $0.00000982 before a quick V-shaped recovery brought BONK back towards the middle of the session.
Consolidation dynamics have characterized BONK’s market structure in recent days, with traders largely positioning around well-established intraday levels in the absence of major catalysts. Repeated support holds at $0.00000980 and consistent absorption during pullbacks suggests buyers remain range-active, although a clear breakout signal has yet to emerge.
Unless volume returns significantly on a push above $0.00001020, BONK’s technical profile indicates continued trading within the range. Meanwhile, a breakdown below support would expose the token to a deeper retracement towards $0.00000950.
Disclaimer: Portions of this article were generated with the help of AI tools and reviewed by our editorial team for accuracy and compliance. our standards. For more information, see CoinDesk Comprehensive AI Policy.
