Bonk, a Solana-based meme-token, slid 14% over the past 24 hours and dropped from $ 0.000035 to $ 0.00003096.
The token experienced elevated volatility with trading volume of over 2.39 trillion bonk, suggesting aggressive repositioning among institutional participants.
Market resistance was established early around $ 0.000036 level, with pressure on the sales side increased, coinciding with order book data showing institutional liquidations in total more than 2.6 trillion tokens, according to Coindesk Research’s technical analysis data model.
Temporary stabilization occurred overnight, with support that formed nearly $ 0.000031, when sales of the sales side are cooled to 1.48 trillion tokens, but upward momentum remained limited.
The steepest losses came between 13:06 and 14:05 UTC on July 29, when Bonk fell 3%.
Quantitative models from high -frequency trading companies suggest that additional disadvantage may be likely, with momentum signalizing a break below the key $ 0.000031 support limit. Unless the institutional demand arises, Bonk may be able to drive against the psychologically significant $ 0.000030 level in the short term.
Technical analysis highlights
- The price dropped 13.6% over 24 hours.
- Trade ranged from $ 0.00003565 (high) to $ 0.00003062 (low), a 14.1% turn.
- Institutional sales spiked over 2.6 trillion tokens near resistance at $ 0.000036.
- Temporary support formed about $ 0.000031 with 1.48 trillion tokens absorbed.
- Final-Time Return So Bonk Falling from $ 0.000032 to $ 0.000031, with 60B+ tokens traded.
- Algorithmic trading volumes rose between 13: 53–14: 03, a potential sign of stop-loss triggers.
- Quantum models The project is possible further falling against $ 0.000030 if the resistance holds.
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.
