Bonk, the meme native meme cryptocurrency, decreased almost 5% in the last 24 hours, sliding from $ 0.000028 to $ 0.0000266.
The rejection of prices about $ 0.000029 during the 4:00 p.m. was backed by a high transaction volume of 764.44 billion tokens, an aggressive distribution signal of the largest headlines, according to the Coindesk technical analysis data model.
The support attempts at $ 0.000026 were reinforced by peaks in the commercial activity of more than 1.17 billion tokens during the midnight and 08:00 UTC intervals, but these tickets were insufficient to reverse the broader trend down.
The sale of the sale continued during the European. The afternoon, with Bonk falling 3% intradic of $ 0.000026 to $ 0.0000254, led by volume spikes above 59 billion tokens at 13:54 UTC. This floor breakdown of $ 0.000026 has now created a descending channel formation, establishing a new bearish structure with price action that moves towards the psychologically significant zone of $ 0.000025.
Bonk saw a slight recovery during the middle of the morning in the US., Raising at $ 0.0000275 to repair some of the previous damages.
The feeling is still fragile throughout the wider cryptographic market, with the introduction of fresh US tariffs. This is a common pattern in which global economic uncertainty leads to capital to flow from the most volatile markets.
Technical analysis
- Bonk fell 7% of $ 0.000028 to $ 0.000026 during the 24 -hour period
- Company resistance at $ 0.000029 confirmed by 764.44b tokens in sales volume
- The heavy purchase about $ 0.000026 did not remain in the middle of 1.17t+ token volume peaks
- 3% drop from $ 0.000026 to $ 0.0000254 at the final hour, directed by 59.77b tokens at 13:54
- Lower highs and a breakdown of the support of $ 0.000026 confirms the bearish channel pattern
Discharge of responsibility: Parts of this article were generated with the assistance of artificial intelligence tools and reviewed by our editorial team to guarantee the precision and compliance with Our standards. For more information, see Coindesk’s complete policy.
