Meme Coin Bonk, based in Solana, resisted 24 hours volatile, since a significant institutional activity defined both the ups and downs of the commercial range.
The Token reached $ 0.000026 and quickly found resistance at that level, with 4.02 billion tokens changing hands during a noon rejection that established a clear technical roof for the short term, according to the technical analysis data model of Coindesk Research.
From there, Bonk fell 6% to find an apartment about $ 0.000023, where 1.07 billion tokens negotiated as buyers absorbed the sales pressure. This area has now become a key support level, tested several times without breaking.
Bonk subsequently organized a modest recovery, winning approximately 1% of $ 0.000024 at $ 0.00002425. The rebound was fed by acute volume peaks at 10:48 UTC and 10:49 UTC, 21.99 billion and 31.43 billion tokens, respectively, suggesting the accumulation of larger players just above the previous resistance.
Merchants now face a defined battle line: the resistance remains fixed at $ 0.000026, with anchored support at $ 0.000023. A sustained thrust above $ 0.000025 could indicate the beginning of a more pronounced upward movement, while a rupture of the lower limit runs the risk of re -testing the early minimum of August, according to the model.
Bonk’s high continuous liquidity, even in the midst of recent volatility, underlines its position as one of the most active tokens in the meme coins sector. Institutional participation has maintained a closely linked price action, but the potential for sudden outbreaks must also increase the books at key levels.
Technical analysis
- Negotiation range: $ 0.000023– $ 0.000026 during the 23 -hour period.
- Blocked resistance at $ 0.000026 after 4.02T Token Sell Wall.
- Confirmed support at $ 0.000023 with tokens 1.07T negotiated.
- The price closed at $ 0.00002448, 0.92% less than during the period.
- Late ressence from $ 0.000024 to $ 0.00002425 (+1%).
- Volume spikes at 10:48 UTC (21.99b) and 10:49 UTC (31.43b) Suggest accumulation.
- Consolidation zone that emerges between $ 0.000024 and $ 0.000025.
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