BONK moved through a wide consolidation range over the past 24 hours, swinging between key technical levels to trade just below $0.0001.
Solana-based memecoin fell 0.7%, but intraday price action unfolded within a volatile structure shaped almost entirely by support-resistance interactions, according to CoinDesk Research’s technical analysis data model.
The most dramatic activity took place around 18:00 UTC on November 19, when trading volume rose to 1.68 trillion tokens, about 91% above the 24-hour average. This rise coincided with a split from $0.0000102, confirming support near $0.0000095.
Subsequent attempts to extend gains were capped near $0.0000104, with repeated rejections reinforcing the upper limit of the range. Hour-by-hour data shows a sharp reversal from $0.0000104 to $0.0000103 during a 129 billion token volume burst, highlighting the price’s continued sensitivity to micro-level resistance.
With no clear catalyst driving sentiment, the token continues to oscillate within a 14.7% consolidation band, with momentum dependent on volume expanding at the edges of this range.
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.
