BONK-USD extended its decline on Tuesday, falling 3.4% to $0.0000143 as the Solana-based meme token succumbed to renewed downward pressure across the ecosystem.
The decline marked a decisive break below support at $0.0000146, a key level that held for much of the past week, confirming a short-term bearish structure, according to CoinDesk Research’s technical analysis data model.
The 24-hour trading range spanned approximately $0.0000090, reflecting intraday volatility of 6.2%, typical of BONK’s highly speculative nature. Volume surged to 1.26 trillion tokens around 20:00 GMT, representing a 122% increase over the 24-hour average – a signal that institutional and algorithmic traders were active during the outage.
After peaking near $0.0000152, BONK failed to sustain its gains, recording a series of lower highs between 19:00 and 21:00 GMT before falling towards the $0.0000143 area.
Despite the weakness, buying interest emerged late in the session as volume spikes between 01:32 and 01:50 GMT provided slight relief. The token rebounded slightly to $0.0000143291, forming a higher low near $0.0000142930, suggesting early base building at the support level.
The token’s immediate target now lies within the consolidation band from $0.0000143 to $0.0000144, with upside momentum capped by resistance at $0.0000144018 and $0.0000146.
Traders expect continued range-bound activity, with tactical accumulation opportunities near current levels.
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.
