BONK-USD extended its slide on Tuesday, falling 3.4% to $0.0000143 as the Solana-based meme token succumbed to renewed downward pressure across the broader ecosystem.
The drop marked a decisive break below the $0.0000146 support, a key level that had held for most of the past week, confirming a short-term bearish structure, according to CoinDesk Research’s technical analysis data model.
The 24-hour trading range spanned around $0.0000090, reflecting 6.2% intraday volatility, typical of BONK’s highly speculative nature. Volume rose to 1.26 trillion tokens around 10 p.m. 20:00 GMT, representing a 122% rise from the 24-hour average – a signal that institutional and algorithmic traders were active during the crash.
After peaking near $0.0000152, BONK failed to hold on to its gains, printing a series of lower highs between 19:00 and 21:00 GMT before rolling towards the $0.0000143 zone.
Despite the weakness, buying interest emerged late in the session as volume increases between 01:32 and 01:50 GMT brought modest relief. The token rebounded slightly to $0.0000143291 and formed a higher low near $0.0000142930, suggesting early base building at support.
The token’s immediate focus now lies within the $0.0000143-$0.0000144 consolidation band, with upward momentum limited by resistance at $0.0000144018 and $0.0000146.
Traders expect continued range-bound activity with tactical opportunities for accumulation near current levels.
Disclaimer: Portions of this article were generated with the help of AI tools and reviewed by our editorial staff to ensure accuracy and compliance with our standards. For more information, see CoinDesk’s full AI policy.
