BONK surged higher in the past 24 hours, rising 2.84% to $0.00001215, establishing a well-defined consolidation range as price stabilized above key support levels, according to CoinDesk Research’s technical analysis data model.
Volume rose to 2 trillion tokens around 20:00 UTC Tuesday – about 134% above the daily average – as BONK rose from $0.00001099.
Following this surge in activity, the token remained within the $0.00001170-$0.00001210 zone for most of the day before testing fresh intraday highs near $0.00001217.
The price movement may reflect an orderly consolidation phase following recent volatility across the meme token segment. Despite periodic pullbacks, BONK maintained structure above its short-term support base, suggesting continued stabilization rather than renewed downward momentum. With volume levels remaining robust, the token continues to attract attention from traders monitoring for a potential breakout beyond its current range.
In the near term, BONK faces resistance between $0.00001217 and $0.00001225, a zone that has limited previous advances. A clean move above this band could validate a continuation pattern aimed at higher levels. On the downside, $0.00001099 remains the critical support floor to watch, with a break below it potentially signaling a return to lower consolidation zones.
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.
