Bonk quoted under sustained sales pressure on Wednesday falling 3.9% to $ 0.00002383 in 24 hours.
The Memecoin based in Solana swayed between a maximum of $ 0.00002486 and a minimum of $ 0.00002360, a range that resulted in 50.3% volatility, well above the average of Altcoin, according to the technical analysis data model of Coindesk Research.
Multiple attempts to recover a higher land were rejected near the resistance zone of $ 0.00002480, where the persistent sale of intradic docks.
The volume increased to 682.03 billion tokens during the 9:00 p.m. UTC on August 5, coinciding with the price stabilization about $ 0.00002360, a level that saw a repeated intervention by buyers.
The Token saw a strong rebound of 0.53% during the European afternoon on Wednesday, increasing from $ 0.00002374 to $ 0.00002387. The gain occurred after the Token fell to $ 0.00002361. The volume exceeded 35 billion tokens between 13:36 and 14:04 UTC, indicating a combination of institutional accumulation and possible short cover such as repositioned merchants.
Technical analysis
- Price range: 50.3% volatility between $ 0.00002486 high and $ 0.00002360 low.
- Declace of the session: 3.9% drop from $ 0.00002477 to $ 0.00002383.
- Support area: established at $ 0.00002360 with multiple rebounds backed by volume.
- Resistance level: Firmly maintained at $ 0.00002480 with institutional distribution patterns.
- Outstanding volume: 682.03b tokens negotiated at 9:00 p.m. UTC; 35b+ for 13: 36–14: 04 Alcista Reversion.
- Trend Structure: Reversion of the late session implies a potential change in short -term feeling despite the persistent winds against winds against.
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