BONK-USD extended its decline on Thursday, falling 4.06% to $0.00001174 in the last 24 hours as the Solana-based meme token failed to maintain its position above the $0.00001200 level.
The move continued a week of uneven trading among smaller-cap digital assets, and BONK’s volatility underlines the growing uncertainty in the meme token segment.
The token traded within an intraday range of $0.00000564, reflecting a 4.7% price fluctuation as traders reacted to failed breakout attempts near overhead resistance, according to CoinDesk Research’s technical analysis data model.
Volume increased to 779.9 billion tokens, about 47% above the daily average, during a push towards $0.00001248, where resistance in the $0.00001250-$0.00001255 zone limited further advances. That rejection marked a key turning point, causing a decline that accelerated into the afternoon.
At around 14:00 GMT, BONK fell sharply from $0.00001210 to $0.00001197, breaking short-term support and confirming a minor breakout pattern. Activity remained elevated throughout the decline, with an increase in token volume of 28.5 billion indicating intensified turnover. Trading subsequently calmed down as price action consolidated near $0.00001200, while volume decreased to 65.2 billion tokens, indicating near-term exhaustion.
Although BONK is now trading roughly 42% below monthly highs, the token’s intraday recovery from its lows suggests emerging stabilization in the near term. Technical indicators point to a tentative bottom around $0.00001197, but momentum remains subdued unless volume regains its 24-hour average.
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.
