Bonk, the Easter token in Solana, has endured net price oscillations in the last 24 hours, reflecting both sales pressure and great accumulation. The token moved to an 8% range between 0.0000,197 and $ 0.0000212, finally consolidating nearly $ 0.0000205.
The heaviest sale occurred during the evening of August 25, when Bonk dropped by approximately 5% from 0.0000208 to 0.0000197 on the negotiation volume greater than 1.8 billion of tokens, significantly above daily averages, according to the Technical Analysis Data Model.
Buyers returned to these levels, strengthening technical support of approximately 0.0000197 and returning prices in a close consolidation strip between 0.000020203 and $ 0.000020,050,020,00.
Business participation has helped strengthen market confidence. Safety Shot Inc., a company listed in Nasdaq, confirmed a financing agreement of $ 30 million on August 25, with 25 million dollars denominated in Bonk tokens. The agreement reflects the growing interest in documents even in the context of wider business financing strategies, highlighting the role of Bonk as a key to Solana based on the assets even established.
Bonk showed signs of resilience on Tuesday, going from 0.000020203 to $ 0.0000204 (a modest gain of 0.3%). In particular, between 11:49 am and 11:56 am UTC, commercial activity has accelerated, with more than 17.5 billion tokens exchanged, suggesting that liquidity remains robust even during periods of consolidation.
This balance between institutional adoption and the increased volatility positions of Bonk as a meme token closely looked at in Solana’s ecosystem.
Technical analysis
- Range: 0.0000197 to $ 0.0000212 (8% volatility).
- Correction: 5% drop in the evening of August 25.
- Pice of volume: 1.81 billion of tokens exchanged during the sale.
- Support area: established nearly $ 0.0000,197.
- Consolidation: Prices took place between 0.00000000203 and $ 0.000020205.
- Momentum: 1% gain during the rally supported by 17.5 billion tokens.
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