Bonk tests the support levels after a high volume drop

Bonk has undergone high sales pressure in the last 24 hours, the Even token in Solana, reducing $ 0.000035 to $ 0.000033. A volatile negotiation range of $ 0.000014 defined the session while investors digested high assessments and quarter -scale positioning.

The assets reached an early peak of $ 0.0000,377 at 02:00 UTC, but the efforts to extend more have reached a pronounced resistance around the level of $ 0.000038. This price ceiling coincided with a significant increase in negotiation activity, with a volume greater than 2.66 tokens, more than double the average of 24 hours, depending on the Coindesk Technical Analysis Data model.

This inflection point has catalyzed a rapid directional change, leading to a persistent sale throughout the day.

At 1:00 p.m. UTC, Bonk had slipped to $ 0.000033, marking the bottom of the day. During this drop, the renewal of tokens reached 2.82 Billions, confirming high participation and increased volatility. The most notable activity emerged during the UTC window of 13: 41–13: 51, when the volume of negotiation jumped beyond 145 billion tokens over several minutes, signaling intense short-term repositioning by merchants and high volume institutions.

This decision coincided with a broader withdrawal through the Asset Crypto class. The main altcoins such as soil, ADA and DOGE also faced a declining momentum while investors have locked up earnings from previous rallies.

Technical resistance through the main references, in particular ETH and BTC, contributed to rebalancing on the sector scale, especially among high beta assets like Bonk, who had already outperformed. This trace phase seems to reflect a temporary recharge time of the market rather than a fundamental change in feeling.

Technical analysis

  • The price dropped from $ 0.000035 to $ 0.000035 between July 22 and 23.
  • The range of intra -day trading took place $ 0.000014.
  • Resistance formed at $ 0.000038 with 2.66 billions of tokens exchanged at the peak.
  • The volume culminated at 2.82 billions of tokens during the move to a minimum of $ 0.00003278.
  • Notable spike: 145b + chips exchanged in the 10 -minute section of 13: 41–13: 51 UTC.

Non-liability clause: Parties of this article were generated with the help of AI tools and examined by our editorial team to guarantee the accuracy and membership of Our standards. For more information, see Complete Coindesk AI policy.

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