BONK rose in the last 24 hours, rising 2.84% to $0.00001215, establishing a well-defined consolidation range as the price stabilized above key support levels, according to CoinDesk Research’s technical analysis data model.
Volume spiked to 2 billion tokens around 20:00 UTC on Tuesday (about 134% above the daily average) as BONK recovered from $0.00001099.
Following this surge in activity, the token remained within the $0.00001170-$0.00001210 zone for most of the day before testing new intraday highs near $0.00001217.
The price movement may reflect an orderly consolidation phase following the recent volatility in the meme token segment. Despite intermittent pullbacks, BONK maintained its structure above its short-term support base, suggesting continued stabilization rather than renewed bearish momentum. As volume levels remain strong, the token continues to attract the attention of traders monitoring a potential breakout beyond its current range.
In the short term, BONK faces resistance between $0.00001217 and $0.00001225, an area that has capped previous advances. A clean move above this band could validate a continuation pattern aimed at higher levels. On the downside, $0.00001099 remains the critical support to watch, and a break below it could signal a return to lower consolidation zones.
Disclaimer: Portions of this article were generated with the help of artificial intelligence tools and were reviewed by our editorial team to ensure accuracy and compliance. our standards. For more information, see CoinDesk’s full AI policy.
