Bonk exchanged under extended sales pressure on Wednesday dropped from 3.9% to 0.00002383 $ in 24 hours.
The Samecoin, based in Solana, tilted between a summit of 0.00002486 and a minimum of $ 0.00002360, a range which resulted in a volatility of 50.3%, well above the average of the Altcoin, according to the Technical Analysis Model of Coindesk Research.
Multiple attempts to recover higher terrain have been rejected near the resistance zone of $ 0.00002480, where intrajournal complaints capped of persistent sales.
The volume increased to 682.03 billion tokens during the hour 9:00 pm UTC on August 5, coinciding with the stabilization of prices almost $ 0.00002360, a level which experienced a repeated intervention by buyers.
The token experienced a strong rebound of 0.53% in European afternoon on Wednesday, from $ 0.00002,374 to $ 0.00002,387. The gain came after the token dropped to $ 0.00002,361. The volume exceeded 35 billion tokens between 13:36 and 14:04 UTC, indicating a mixture of institutional accumulation and short possible covering as repositioned traders.
Technical analysis
- Price range: 50.3% volatility between 0.0000002486 high and 0.00002360 $ low.
- Has session: 3.9% drop from 0.00002477 to $ 0.00002383.
- Support area: established at $ 0.00002360 with multiple volume rebounds.
- Resistance level: firmly maintained at $ 0.00002480 with institutional distribution models.
- Highlights of the volume: 682.03b of tokens exchanged at 9:00 p.m. UTC; 35B + for 13: 36–14: 04 Handspart inversion.
- Structure of trends: The inversion at the end of the session implies a potential change in short -term feeling despite persistent macro opposite winds.
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