BONK-USD extended its decline on Thursday, sliding 4.06% to $0.00001174 over the past 24 hours as the Solana-based meme token failed to maintain its footing above the $0.00001200 level.
The move continues a week of uneven trading among small-cap digital assets, with BONK’s volatility highlighting growing uncertainty in the meme token segment.
The token traded within an intraday range of $0.00000564, reflecting a 4.7% price fluctuation as traders reacted to failed breakout attempts near upper resistance, according to CoinDesk Research’s technical analysis data model.
Volume surged to 779.9 billion tokens, about 47% above the daily average, during a push toward $0.00001248, where resistance in the $0.00001250 to $0.00001255 area capped further advances. This rejection marked a key turning point, triggering a decline that accelerated in the afternoon.
Around 14:00 GMT, BONK fell sharply from $0.00001210 to $0.00001197, breaking short-term support and confirming a minor breakdown trend. Activity remained high during the decline, with peak volume of 28.5 billion tokens signaling intensifying turnover. Trading then calmed down as price action consolidated near $0.00001200, while volume declined to 65.2 billion tokens, indicating near-term exhaustion.
Although BONK is now trading around 42% below monthly highs, the token’s intraday recovery from its lows suggests emerging near-term stabilization. Technical indicators point to a temporary bottom around $0.00001197, but momentum remains subdued unless volume recovers to its 24-hour average.
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.
