BONK declined over the past 24 hours, dropping to $0.00001006 and continuing a downward trend that began after repeated failures to hold the $0.00001090 zone.
Price action confirmed a break below the $0.00001032 support level, an area that had previously helped anchor short-term consolidation, according to CoinDesk Research’s technical analysis data model.
This change was accompanied by a significant increase in commercial activity. Total volume surged to 1.06 trillion tokens, more than 113% above the recent average, matching when BONK fell below its previous support band. Additional volume clusters emerged during late session moves, including peaks of 28.6 trillion and 32.1 trillion tokens, as the token drifted to intraday lows near $0.00001017.
Hourly charts now show a clear sequence of lower highs and lower lows, with momentum indicators approaching oversold territory. While this setup may create short-term rebounds, the technical picture remains defined by resistance at $0.00001032, which is now the first threshold that BONK should reclaim to improve its outlook.
Support near $0.00001017 remains the key level to assess whether the current decline can stabilize. A sustained move below this zone would open the door for further exploration of the downside, while any recovery attempts remain limited by tight overhead resistance.
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.
