BONK declined over the last 24-hour period, falling to $0.00001006 and continuing a downtrend that began after repeated failures to hold the $0.00001090 area.
The price action confirmed a break below the $0.00001032 support level, a zone that previously helped anchor short-term consolidation, according to CoinDesk Research’s technical analysis data model.
The change was accompanied by a significant increase in commercial activity. Total volume rose to 1.06 trillion tokens, more than 113% above the recent average, in line with the timing of BONK falling below its previous support band. Additional volume clusters appeared during the session’s final moves, including peaks of 28.6 billion and 32.1 billion tokens, as the token approached intraday lows near $0.00001017.
The hourly charts now show a clear sequence of lower highs and lower lows, with momentum indicators approaching oversold territory. While that setup may lead to short-term bounces, the technical picture remains defined by the $0.00001032 resistance, which now acts as the first threshold that BONK would need to reclaim to improve its prospects.
Support near $0.00001017 remains the key level to assess whether the current decline can stabilize. A sustained move below that zone would open the door for further downside exploration, while any recovery attempts remain limited by strong overhead resistance.
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.
