Bonk experienced aggressive volatility over a 24-hour period to end the week and swing 15% between $ 0.00003185 and $ 0.00003763.
The Solana-based Memecoin originally rose on the heels of a 500 billion token combustion message before a Galaxy Digital-bound Wallet, Bonk moved at $ 18.75 million to large crypto exchanges, triggering a 9% withdrawal in less than an hour.
Despite the reversing, Bonk stabilized over $ 0.00003400 level with support in $ 0.00003185- $ 0.00003230 zone, according to Coindesk Research’s technical analysis data model. Trade activity increased as speculative currents responded to conflicting signals: Bullish Supply Reduction versus the bearish pressure of potential liquidity injections.
The wider crypto market’s shift against altcoins continued to increase meme token trading volumes as with Bitcoin’s market dominance weakening. Bonk has benefited from increased institutional and retail attention, even when its price action remains unstable and sensitive to movements on the chain.
Technical analysis highlights
- Bonk moved between $ 0.00003185 and $ 0.00003763, a 15% turn.
- The price dropped 9% from a top at. 15:00 UTC for $ 0.00003430 of 16:00 UTC.
- Strong support held at $ 0.00003185- $ 0.00003230 in the middle of several at night gene test.
- From 03:00 UTC, the price gathered for $ 0.00003438 and showed short -term stabilization.
- Between 11:10 and 12:09 pm UTC dropped Bonk 2% to $ 0.00003433.
- Reduced volume in the last minute suggests falling bearish momentum.
Disclaimer: Parts of this article were generated with the help of AI tools and reviewed by our editorial team to ensure accuracy and compliance with Our standards. For more information, see Coindesk’s full AI policy.
