BONK Weakens as Repeated Resistance Tests Limit Meme-Token Momentum



BONK fell to $0.00001073, it was down 2.1% in the last 24-hour window as another attempt to regain higher ground failed under the well-known resistance band of $0.00001090.

The token lagged broader crypto benchmarks by about 3.5 percentage points, extending a multi-session trend of poor relative performance even as major assets posted modest gains, according to CoinDesk Research’s technical analysis data model.

Volume increased sharply, 11.46% above BONK’s weekly average at 557.6 billion tokens. A major spike at 16:00 UTC pushed turnover to 879 billion (about 58% above typical session levels), coinciding with another rejection at the upper end of the range. Trading then moved decisively lower, with BONK falling above $0.00001080 after several failed bounces.

A brief move from $0.00001085 to $0.00001072 marked the steepest decline of the session, supported by $63.3 billion in volume and reinforcing the pattern of lower highs that has shaped BONK’s chart throughout November. Support remains concentrated between $0.00001050 and $0.00001040, while a sustained recovery would require a break above $0.00001090 if volume strengthens.

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.



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