BONK advanced 1.1% in the last 24 hours to $0.00000988, trading within a tight band as the Solana-based meme token continued its consolidation phase.
Price action respected well-defined technical boundaries, with the session fluctuating between firm support near $0.00000980 and repeated tests of resistance around $0.00001020, according to CoinDesk Research’s technical analysis data model.
Activity briefly accelerated, with volume reaching 754 billion tokens (about 46% above its hourly moving average) as BONK challenged the upper end of the range. Despite the increased participation, the token failed to maintain momentum above resistance, returning to a sideways movement as volume decreased towards the close. Subsequent trading saw a brief drop towards $0.00000982 before a quick V-shaped recovery brought BONK back to its session midpoint.
Consolidation dynamics have characterized the BONK market structure in recent days, with traders largely positioning themselves around well-established intraday levels in the absence of major catalysts. Repeated support holds at $0.00000980 and continued absorption during pullbacks suggests buyers remain active within the range, although a clear breakout signal has yet to emerge.
Unless volume returns significantly by breaking above $0.00001020, BONK’s technical profile points to continued range-bound trading. Meanwhile, a fall below the support would expose the token to a deeper pullback towards $0.00000950.
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.
