BONK gained 1.7% to $0.00001332 in the last 24 hours, extending its recent breakout move as it tests higher resistance levels.
The Solana-based meme token traded in a narrow ascending channel after decisively surpassing the $0.00001320 threshold, maintaining its bullish structure through moderate volatility, according to CoinDesk Research’s technical analysis data model.
The volume provided strong technical confirmation of the move, with 850.8 billion tokens traded, an 82% increase above the daily average of 467 billion.
Intraday data shows a series of rapid rallies, including a surge of 14.2 billion tokens during the late-session rally phase, followed by moderate pullback activity as short-term profit-taking emerged. BONK remains positioned within an ascending channel structure, supported by higher lows forming between $0.00001300 and $0.00001327, suggesting continued consolidation potential ahead of the next directional move.
Technical indicators are pointing to a stable mid-channel alignment near $0.00001332, with renewed bullish momentum requiring sustained volume above 500 billion tokens and a confirmed break above the $0.00001350 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.
