BONK rose 1.7% to $0.00001332 over the past 24 hours, extending its recent breakout move while testing higher resistance levels.
The Solana-based meme token is trading in a tight upward channel after decisively breaking through the $0.00001320 threshold and maintaining its bullish structure through moderate volatility, according to CoinDesk Research’s technical analysis data model.
Volume provided strong technical confirmation of the move, with 850.8 billion tokens traded – an 82% increase over the daily average of 467 billion.
Intraday data shows a series of rapid gains, including a rise of 14.2 billion tokens during the rally phase in the late session, followed by moderate pullback activity as short-term profit-taking emerged. BONK remains positioned within an ascending channel structure, supported by higher lows forming around $0.00001300–$0.00001327, suggesting continued consolidation potential before the next directional move.
Technical indicators point to a stable mid-channel alignment near $0.00001332, with renewed upward momentum calling for sustained volume above 500 billion tokens and a confirmed break above $0.00001350 resistance.
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.
