Bonk fell almost 6% in the last 24 hours, falling from $ 0.00002606 to $ 0.00002436 in a movement that forged a range of $ 0.0000028, approximately 10% of its negotiation spectrum.
The decrease accelerated after the Token could not retain profits about $ 0.000027 on August 11, where the volume increased to 1.13 billion tokens, well above the 24 -hour average of 708 billion, according to the technical analysis data model of Coindesk Research.
The sales pressure persisted on the morning of August 12, with Bonk finding firm support of around $ 0.000024 at 10:00 UTC in 889 billion negotiated tokens.
Bonk saw a rebound at the beginning of the US morning, when buyers intervened and upload the price 3% to $ 0.000025.
The rebound indicated a possible short -term stabilization after the extended reduction, forming $ 0.000024 as a key support to avoid greater inconvenience.
Volatility occurs the day after the security shot quoted in Nasdaq revealed a purchase of corporate treasury of $ 25 million linked to the development of the Bonk ecosystem through its participation in the Bonk.Fun Launchpad, a movement seen by some analysts as an increased sign of an increased exhibition of the Meme Coin sector.
Technical analysis
- Negotiation range: $ 0.00002398– $ 0.00002674, a 10% distribution in 24 hours.
- Resistance: Multiple rejects about $ 0.000027 on August 11 with high volume.
- Support: strong base about $ 0.000024 on August 12 with tokens 889b negotiated.
- Pico volume: Tokens 145b during the rupture of consolidation at 12:30 UTC.
- Recovery movement: 3% gain of $ 0.000024 at $ 0.000025 between 11: 49–12: 48 UTC.
- Breaking trigger: The price cleared the resistance of $ 0.000025 at 12:22 UTC.
- MARKET CONTEXT: BOUNCE follows several days of greater volatility in Memecoins.
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