Bonk, the solana -based token, has undergone increased volatility in the past 24 hours, lowering from $ 2.9% to $ 0.00002192. The action was defined by a ceiling at $ 0.00002308 that the sellers defended several times, while the downward pressure constructed regularly, according to the Technical Analysis Data model of Coindesk Research.
The consolidation of approximately $ 0.00002262 gave way to an advance around $ 0.00002306 at the start of the American afternoon on Monday, establishing the key resistance point of the day.
The most net stock market in the first hours of Tuesday, when Bonk went from 0.00002285 to 0.00002217 $ between 01:00 and 05h00 UTC. The volumes increased beyond 600 billion tokens at the interval 03h00 UTC, suggesting a sale on an institutional scale and a possible retail capitulation.
Bonk dropped by 2% to 0.00002117 $ more in the United States morning on Tuesday with intrajournual decreases accompanied by volume peaks above 30 billion tokens. Brief rebounds, including an attempted recovery from $ 0.00002,244 to 13:54 UTC, failed to support the momentum, leaving Bonk locked in a descending channel model.
Despite short -term weakness, the longer term data indicate a selective accumulation. Sophisticated investors have widened the assets of more than 300% in the last month, even though the whale wallets reduced the positions of around 110 billion tokens. This divergence points to a strategic positioning in the midst of broader volatility, although the technical indicators still suggest the risk of retratetation towards the level of psychological support of 0.00002100.
Technical analysis
- Bonk crowned $ 0.00002308, serving as key resistance.
- A sharp drop of $ 0.000022,285 to $ 0.00002,217 between 01: 00-05: 00 UTC on August 19.
- The trading volume exceeded 600 billion tokens during the advanced selling activity at 3:00 am UTC.
- Repeated failures to recover $ 0.00002,250 confirmed persistent sales pressure.
- A decrease of 2% from 0.00002251 to 0.00002117 $ highlighted the weakness.
- Brief recovery at $ 0.00002,244 at 13:54 UTC quickly overturned, strengthening the trend of descending channels.
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