Bonk joined 6%, recovering from the front drop to $ 0.000036. The native memes piece of Solana exchanged in a large fork of 12%, moving between $ 0.0000,3276 and $ 0.00003670, with pronounced volatility offering an accumulation opportunity by strategic buyers.
The price momentum was the strongest between 12:00 p.m. and 1:00 p.m. UTC on July 28, when Bonk reached its daily summit of $ 0.00003670 on an exceptional volume of 3.8 billions of token, according to the Coindesk technical analysis data model.
High intensity purchases also emerged during the UTC interval of 13: 32–13: 35, where negotiation volumes exceeded 115 billion tokens per minute, a decision which seemed to point out institutional confidence.
The rally coincided with the encouragement of data at the network level for Solana. According to Solanafloor, a trading activity of non-drinkable tokens (NFT) on Solana has reached a summit in the third quarter, with total daily sales and unique buyers reaching their strongest levels since mid-June, according to Solanafloor. This momentum renewed through the wider ecosystem of Solana has probably contributed to the bonk bull’s reversal, strengthening the condemnation on the market in the positioning of the Jeme ecosystem.
Technical analysis
- Bonk exchanged between $ 0.0000,3276 and $ 0.00003670, an intra -day range of 12%.
- The volume exceeded 3.8 billions of tokens during the MIDI rally from 12:00 to 1:00 pm UTC.
- The price rebounded 1% from 0.00003590 to $ 0.00003629 in the last hour.
- Key support took place at $ 0.000033, with institutional offers during price reductions.
- 13: 32–13: 35 UTC marked the highest volumes from minute to minute to 115b tokens.
- Solana NFT’s activity hit Q3 Highs on July 28, according to Solanafloor.
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