BONK gained 1.7% to $0.00001332 over the past 24 hours, extending its recent breakout move while testing higher resistance levels.
The Solana-based meme token traded within a tight ascending channel after decisively breaching the $0.00001320 threshold, maintaining its bullish structure through moderate volatility, according to CoinDesk Research’s technical analysis data model.
The volume provided strong technical confirmation of this move, with 850.8 billion tokens traded, an increase of 82% above the daily average of 467 billion.
Intraday data shows a series of rapid rises, including a peak of 14.2 billion tokens during the late session rally phase, followed by moderate pullback activity as short-term profit-taking emerged. BONK remains positioned in an ascending channel structure, supported by higher lows forming around $0.00001300 to $0.00001327, suggesting continued consolidation potential before the next directional move.
Technical indicators indicate a stable mid-channel alignment near $0.00001332, with further bullish momentum requiring sustained volume above 500 billion tokens and a confirmed breakout above resistance at $0.00001350.
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.
