BONK fell over 5% to $0.00001213 in the past 24 hours as the Solana-based meme token failed to maintain momentum above key resistance levels.
The drop came after a brief attempt to break above $0.0000130, which quickly reversed amid intense trading activity, according to CoinDesk Research’s technical analysis data model.
Volume peaked at 813.46 billion tokens, almost 50% above the 24-hour average. The move coincided with BONK’s strong rejection at the $0.0000130 level, confirming short-term resistance. Following the reversal, the token slid towards $0.00001223, where short-term support formed to prevent a deeper decline.
Intraday volatility reached 6.6%, with price swings confined within a range of $0.0000086. Hourly data shows a brief rally from $0.00001280 to $0.00001301, followed by a quick pullback that erased most of the gains as momentum weakened.
While overall market sentiment stabilized, BONK’s price action reflected the continued uncertainty typical of meme tokens. The rejection pattern reinforced the prevailing downtrend, suggesting that the consolidation may persist between $0.00001223 and $0.00001295 unless volume expansion supports a breakout attempt.
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.
