Bonk, the Token Meme based in Solana, suffered greater volatility in the last 24 hours, falling 2.9% to $ 0.00002192. The action was defined by a roof at $ 0.00002308 that the vendors defended repeatedly, while the inconvenience pressure was constantly built, according to the Coindensk Research technical analysis data model.
The consolidation around $ 0.00002262 gave way to an advance towards $ 0.00002306 at the beginning of the US afternoon. UU. On Monday, establishing the key resistance point of the day.
The most acute bearish impulse was developed during the early hours of Tuesday, when Bonk fell from $ 0.00002285 to $ 0.00002217 between 01:00 and 05:00 UTC. The volumes increased more than 600 billion tokens in the UTC 03:00 interval, which suggests the sale of institutional scale and the possible retail capitulation.
Bonk fell another 2% to $ 0.00002117 during the morning of the United States on Tuesday with intradic decreases accompanied by volume peaks above 30 billion tokens. The brief rebounds, including an attempt to recover $ 0.00002244 at 13:54 UTC, could not maintain the impulse, leaving Bonk blocked in a descending channel pattern.
Despite short -term weakness, long -term data indicate a selective accumulation. Sophisticated investors expanded holdings by more than 300% in the last month, even when the whales cut positions in approximately 110 billion tokens. This divergence points to strategic positioning amid broader volatility, although technical indicators still suggest the risk of a test towards the level of psychological support of $ 0.00002100.
Technical analysis
- Bonk limited to $ 0.00002308, serving as a key resistance.
- Acute decline from $ 0.00002285 to $ 0.00002217 between 01: 00-05: 00 UTC on August 19.
- The negotiation volume exceeded 600 billion tokens during the maximum sales activity at 03:00 UTC.
- Repeated failures to recover $ 0.00002250 confirmed the persistent sales pressure.
- The 2% decrease from $ 0.00002251 to $ 0.00002117 highlighted continuous weakness.
- Brief recovery at $ 0.00002244 at 13:54 UTC was quickly invested, reinforcing the trend of the descending channel.
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