Bonk experienced aggressive volatility over a period of 24 hours to finish the week, swing 15% between 0.00003185 and 0.00003763.
The samecoin, based in Solana, initially jumped on the heels of an announcement of 500 billion chip burns before a portfolio linked to the digital galaxy, moved $ 18.75 million in Bonk for major cryptography exchanges, triggering a withdrawal of 9% in less than an hour.
Despite the overthrow, Bonk stabilized above the level of $ 0.00003,400 with support in the area from 0.00003185 to $ 0.00003230, according to the Technical Analysis Data model of Coindesk Research. Commercial activity jumped while speculative flows responded to contradictory signals: reduction in optimistic supply in relation to the down pressure of potential liquidity injections on the sale side.
The broader change of market in the cryptography market to altcoins has continued to increase the trading volumes of Jeques even as with the weakening of the Bitcoin market. Bonk benefited from an increase in institutional and detail attention, even if its price action remains volatile and sensitive to chain movements.
Strengths of technical analysis
- Bonk moved between $ 0.00003,185 and $ 0.0000,3763, a 15%swing.
- The price dropped 9% from a peak at 3:00 p.m. UTC at 0.00003430 $ at 4:00 p.m. UTC.
- According to support at 0.00003185 to $ 0.00003230 in the middle of multiple night reestes.
- From 3:00 am UTC, the price joined $ 0.00003438, showing short -term stabilization.
- Between 11:10 a.m. and 12:09 pm UTC, Bonk fell 2% to 0.00003433.
- The volume reduced for the last minutes suggests a declining lower momentum.
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