Bonk, a Solana headquarters, advanced 1.7% in the last 24 hours at $ 0.00002626.
The Token quoted within a range of 4%, with a maximum of $ 0.00002645 and a minimum of $ 0.00002485, producing a differential of $ 0.00000160, according to the technical analysis data model of Coindesk Research.
The price recovered from the decline at 4:00 p.m. UTC on August 7, advancing towards the top during the European morning on Friday. This recovery phase saw a total volume over 1.09 billion tokens, greater than the daily average. However, the impulse stagnated at $ 0.00002640, where repeated sales orders limited the movements up.
Bonk subsequently remained above $ 0.00002600 despite the brief sauces. An increase in volume of 48.86 billion tokens at 12:07 UTC coincided with a failed attempt to break beyond $ 0.00002615, reinforcing the established resistance zone. Bonk may have consolidated below $ 0.00002630 for now, leaving merchants focused on whether the token can break more or in the renewed sales pressure.
The feeling of the market through Memecoins is still cautious in the middle of the wider volatility crypt. Institutional flows have shown signs of rotation in more established assets, but Bonk’s sustained support at $ 0.00002550- $ 0.00002600 suggests that buyers remain active.
Technical analysis
- The 4% negotiation range covered $ 0.00002485 at $ 0.00002645.
- Confirmed resistance several times at $ 0.00002640.
- Support area established at $ 0.00002550– $ 0.00002600.
- Pico volume of 1.09 billion tokens during the rally phase.
- The rupture failed at $ 0.00002615 led to setback.
- High liquidity observed in the band of $ 0.00002580– $ 0.00002610.
- Intradía volatility produced several lower maximums after the beak.
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