BONK fell more than 5% to $0.00001213 over the past 24 hours as the Solana-based meme token failed to sustain momentum above key resistance levels.
The drop came after a brief attempt to rally past $0.0000130, which was quickly reversed amid heavy trading activity, according to CoinDesk Research’s technical analysis data model.
Volume peaked at 813.46 billion tokens, nearly 50% above the 24-hour average. The move coincided with BONK’s sharp rejection at the $0.0000130 level, confirming near-term resistance. After the reversal, the token slipped towards $0.00001223, where short-term support formed to prevent a deeper decline.
Intraday volatility reached 6.6%, with price swings limited within a $0.0000086 range. Hourly data shows a brief rally from $0.00001280 to $0.00001301, followed by a quick retracement that erased most gains as momentum weakened.
While broader market sentiment stabilized, BONK’s price action continued to reflect uncertainty typical of meme tokens. The rejection pattern reinforced the prevailing downtrend, suggesting that consolidation may continue between $0.00001223 and $0.00001295 unless volume expansion supports a breakout attempt.
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.
