BONK-USD reversed some of its losses from earlier in the week, rising 4.6% to $0.00001394 in a bullish move that extended the meme token’s recovery streak. The Solana-based asset generated steady upward momentum, marking a break above $0.00001380 and printing a new local high near $0.000013968.
The 24-hour trading range narrowed between $0.00001281 and $0.00001410, reflecting controlled volatility as the price trended up through consecutive higher lows, according to CoinDesk Research’s technical analysis data model.
Volume jumped 67% above the 24-hour average, reaching 1.15 trillion tokens, confirming strong participation behind the move.
Market sentiment shows signs of shifting towards cautious optimism, with traders considering $0.00001400 to $0.00001410 as the next resistance band to break. The price action remains supported by a defined ascending structure, reinforced by firm buying interest between $0.00001375 and $0.00001380, where the breakout began.
If BONK maintains momentum above its recent breakout zone, it could aim for higher levels in the near term. However, a sustained close below $0.00001380 would risk reintroducing range-bound behavior. With volatility and volume expanding, BONK setup favors continued higher as speculative interest returns to the meme coin segment heading into November.
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.
