BONK moved lower over the latest 24-hour period, declining to $0.00001006 and continuing a downtrend that began after repeated failures to hold the $0.00001090 area.
Price action confirmed a break beneath the $0.00001032 support level, a zone that previously helped anchor short-term consolidation, according to CoinDesk Research’s technical analysis data model.
The shift was accompanied by a significant rise in trading activity. Total volume climbed to 1.06 trillion tokens, more than 113% above the recent average, aligning with the moment BONK slipped below its prior support band. Additional volume clusters appeared during late-session moves, including spikes of 28.6 trillion and 32.1 trillion tokens, as the token drifted toward intraday lows near $0.00001017.
Hourly charts now show a clear sequence of lower highs and lower lows, with momentum indicators approaching oversold territory. While that setup can create short-term bounces, the technical picture remains defined by resistance at $0.00001032, which now acts as the first threshold BONK would need to reclaim to improve its outlook.
Support near $0.00001017 remains the key level for gauging whether the current decline can stabilize. A sustained move below that zone would open the door to further downside exploration, while any recovery attempts remain constrained by tight overhead resistance.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
Source: https://www.coindesk.com/markets/2025/11/19/bonk-extends-slide-as-key-support-break-raises-prospect-of-further-downside
