BONK moved through a wide consolidation range over the past 24 hours, fluctuating between key technical levels to trade just below $0.0001.
The Solana-based memecoin fell 0.7%, but the intraday price action developed within a volatile structure made up almost entirely of support and resistance interactions, according to CoinDesk Research’s technical analysis data model.
The most dramatic activity occurred around 18:00 UTC on November 19, when trading volume skyrocketed to 1.68 trillion tokens, about 91% above the 24-hour average. That rise aligned with a breakout from $0.0000102, confirming support near $0.0000095.
Subsequent attempts to extend gains were limited near $0.0000104, where repeated rejections reinforced the upper limit of the range. Hour-by-hour data shows a sharp reversal from $0.0000104 to $0.0000103 during a volume burst of 129 billion tokens, highlighting the price’s continued sensitivity to micro-level resistance.
With no clear catalyst driving sentiment, the token continues to oscillate within a 14.7% consolidation band, with momentum dependent on whether volume expands at the edges of this range.
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.
