Bonk dropped almost 6% in the past 24 hours, from 0.00002606 to $ 0.00002436 in a decision that sculpted a range of $ 0.0000028, around 10% of its trading spectrum.
The decline accelerated after the token failed to maintain gains close to $ 0.0000,27 on August 11, where the volume increased to 1.13 billion of tokens, well above the average 24 hours a day, according to the CoindSk Research Technical Analysis Data.
The sale pressure persisted in the morning of August 12, with Bonk finding business support of about $ 0.000024 at 10:00 am on 889 billion negotiated tokens.
Bonk saw a rebound at the start of us in the morning, when buyers intervened and increased the price from 3% to $ 0.000025.
The rebound reported a possible short -term stabilization after prolonged withdrawal, forming $ 0.000024 as a key support to avoid more decline.
Volatility occurs the day after the day after the coup de security listed at the NASDAQ revealed a corporate cash purchase of 25 million dollars linked to the development of the Bonk ecosystem thanks to its participation in the Bonk.Fun Launchpad – a move considered by certain analysts as a sign more and more general exposure for the same parts sector.
Technical analysis
- P.
- Resistance: multiple refusals close to $ 0.000027 on August 11 with a high volume.
- Support: A solid base nearly $ 0.000024 on August 12 with 889b of chips exchanged.
- Pice of volume: 145B tokens during the breakdown of the consolidation at 12:30 p.m. UTC.
- Recovery displacement: gain of 3% from $ 0.000024 to $ 0.000025 between 11: 49–12: 48 UTC.
- Evasion trigger: Price cleared a resistance from $ 0.000025 to 12:22 UTC.
- Context of the market: Bounce follows several days of increased volatility in the same.
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