BONK moved lower over the past 24-hour period, falling to $0.00001006, continuing a downtrend that began after repeated failures to hold the $0.00001090 area.
Price action confirmed a break below 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 increase in trading activity. Total volume rose to 1.06 trillion tokens, more than 113% above the recent average, which is in line with the moment when BONK slipped below its previous support band. Additional volume clusters emerged during late-session moves, including peaks 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 may create short-term rejections, the technical picture remains defined by resistance at $0.00001032, which now serves as the first threshold that BONK needs to regain to improve its outlook.
Support near $0.00001017 remains the key level to gauge whether the current decline can stabilize. A sustained move below this zone would open the door to further downside exploration, while any recovery attempts remain limited by tight overhead 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.
