Bonk traded under sustained sales pressure Wednesday, which fell 3.9% to $ 0.00002383 in 24 hours.
The Solana-based Memecoin swung between a high of $ 0.00002486 and a low level of $ 0.00002360, an interval that translated to 50.3% volatility, well above the ALTCOIN average, according to Coindesk Research’s technical analysis data model.
Several attempts to recover higher land were rejected near $ 0.00002480 Resistance Zone, where sustained selling uncovered intraday events.
Volume rose to 682.03 billion tokens during the 21:00 UTC Hour on August 5, coincident with price stabilization near $ 0.00002360, a level that saw repeated intervention from buyers.
The token experienced a sharp 0.53% rebound during the European afternoon Wednesday and rose from $ 0.00002374 to $ 0.00002387. The win came after the token dipped for $ 0.00002361. Volume exceeded 35 billion tokens between 13:36 and 14:04 of UTC, indicating a mixture of institutional accumulation and possible short coverage that dealers transformed.
Technical analysis
- Price range: 50.3% volatility between $ 0.00002486 high and $ 0.00002360 low.
- Session Spring: 3.9% Fall from $ 0.00002477 to $ 0.00002383.
- Support Zone: Established at $ 0.00002360 with multiple volume -backed rebounds.
- Resistance level: Holded on $ 0.00002480 with institutional distribution patterns.
- Volume High Points: 682.03B -Tokens traded at. 21:00 UTC; 35b+ during 13: 36–14: 04 Bullish Reversal.
- Trend structure: Reversing of late session involves a potential shift in short-term mood despite sustained macro-mind.
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