Bonk has sailed on net fluctuations in the past 24 hours, fluctuating between $ 0.0000,1991 and $ 0.00002123, a 45% commercial spread that highlighted increased volatility.
The sale pressure was intensified late Tuesday in the middle of a planned token drop -off of $ 11.41 million, the token from $ 0.00002102 to a hollow of $ 0.0000,1991 to 9:00 p.m. UTC. This decision was accompanied by a point of volume exceeding 1.15 Billion of tokens, according to the Technical Analysis Data model of Coindesk Research.
Despite the drop, Bonk rebounded in terms of support of 0.00001990. At the start of European morning on Tuesday, the token went back to $ 0.00002056, consolidating in a narrower range and pointing out potential stabilization after sale.
The investor’s objective remains on the financing agreement of $ 30 million in security, in which $ 25 million was financed by Bonk token, a historic decision while the listed company at NASDAQ became the first to add the memes to its treasury.
Technical analysis
- Bonk exchanged in a range of 45% between 0.00001991 and 0.00002123 $.
- The heavy sale of September 1 led the volume to 1.15 billion of tokens between 20: 00 and 21: 00 UTC.
- Support held at $ 0.00001990 in a strong interest in institutional purchase.
- Recovery experienced a price increase of 0.00002035 to $ 0.00002056 on September 2.
- The resistance identified nearly $ 0.00002120 while the sellers capped further.
- Short -term volatility has narrowed to a propagation of 0.24% around 0.00002053 to $ 0.00002058.
- Volume peaks greater than 27.3 billion tokens at 09:50 UTC suggested continuous accumulation.
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