BONK Drops Toward Support After Failed Push Above Key Resistance

BONK declined 4.5% over the past 24 hours, sliding from $0.000009524 to $0.000009097 after prior strength reversed sharply at a key resistance zone.

The token’s intraday range reached 11.8%, with price action topping out at $0.000010183 before turning lower and settling into a narrow consolidation band, according to CoinDesk Research’s technical analysis data model.

A substantial increase in trading activity marked the reversal point, with volume rising to 2.03 trillion tokens during the move into the $0.00001010 area. The scale of activity at that level reinforced its significance as a ceiling that capped upside attempts. Once the rejection took hold, BONK trended steadily lower before stabilizing above $0.00000910, where volatility contracted during the latter portion of the session.

BONK attempting to steady near support, with hourly data capturing several brief upward tests toward $0.000009147, accompanied by intermittent volume spikes of roughly 27.6 billion tokens. These movements indicate market participants were active around the lower bound of the range, with price behavior forming the early structure of a potential consolidation base heading into the next session.

Short-term positioning now hinges on whether BONK can sustain stability above the $0.00000910 zone. A move through nearby resistance around $0.00000915–$0.00000920 would signal meaningful progress toward unwinding Tuesday’s decline, while failure to maintain support increases the risk of a retest toward the $0.00000890 region.

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.