Bonk experienced an aggressive volatility for a 24 -hour period to end the week, balancing 15% between $ 0.00003185 and $ 0.00003763.
The memecoin -based memecoin initially arose immediately after an advertisement of 500 billion chips before a Galaxy digital wallet moved $ 18.75 million in BONK to the main cryptographic exchanges, which caused a setback of 9% in less than an hour.
Despite the reversal, Bonk stabilized above the level of $ 0.00003400 with support in the $ 0.00003185- $ 0.00003230 area, according to the Coindesk Research technical analysis data model. The commercial activity increased as the speculative flows responded to the conflicting signals: reduction of the bullish supply versus the bearish pressure of the possible liquidity injections on the side of the sale.
The broader change in the cryptographic market towards Altcoins continued to increase the negotiation volumes of memes tokens as with the weakening of the Bitcoin market domain. Bonk has benefited from greater institutional and retail attention, even when its price action remains volatile and sensitive to movements in the chain.
TECHNICAL ANALYSIS
- Bonk moved between $ 0.00003185 and $ 0.00003763, a 15%swing.
- The price fell 9% from a peak at 15:00 UTC to $ 0.00003430 at 4:00 p.m. UTC.
- Strong Suport remained at $ 0.00003185- $ 0.00003230 in the middle of multiple reestimations during the night.
- As of 03:00 UTC, the price was recovered at $ 0.00003438, which shows short -term stabilization.
- Between 11:10 and 12:09 UTC, Bonk fell 2% to $ 0.00003433.
- The reduced volume during the final minutes suggests a decrease in the bearish impulse.
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