Bonk, the cryptocurrency of solara native memes, decreased by almost 5% in the last 24 hours, going from $ 0.000028 to $ 0.0000266.
Price rejection almost $ 0.000029 for 4:00 p.m. was supported by a high volume of transaction of 764.44 billion tokens, an aggressive distribution signal of larger holders, according to the Coindesk technical analysis data model.
Attempts to support $ 0,000026 were reinforced by peaks of commercial activity greater than 1.17 billion of tokens during midnight intervals and at 8:00 am UTC, but these entries have proven to be insufficient to reverse the larger down trend.
The sale continued during Europeans. Afternoon, with Bonk down 3% from $ 0.000026 to $ 0.0000254, led by volume peaks greater than 59 billion tokens at 13:54 UTC. This ventilation compared to the floor of $ 0.000026 has now created a formation of downward channels, establishing a new lower structure with a derivising price action towards the psychologically significant area of 0.000025.
Bonk experienced a slight recovery in the middle of the morning in the United States, rising at $ 0.0000275 to repair some of the damage as soon as possible.
The feeling remains fragile on the broader market of cryptography, with the introduction of new American prices on imports creating a “risk” feeling, which makes investors move away from more risky assets like cryptocurrencies. It is a common scheme where global economic uncertainty leads to the flow of more volatile markets.
Technical analysis
- Bonk dropped 7% from 0.000028 to $ 0.000026 over the period 24 hours a day
- Company resistance at $ 0,000029 confirmed by 764.44 billion tokens in sales volume
- Heavy purchases nearly 0.000026 did not stay in the middle of the tags in a token volume of 1.17T +
- 3% drop from 0.000026 to 0.0000254 $ in the last hour, led by 59.77 billion tokens at 13:54
- Lower ups and ventilation compared to the support of $ 0.000026 confirm the downstream channel model
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