BONK-USD reversed some of its losses from earlier this week, rising 4.6% to $0.00001394 in a bullish move that extended the meme token’s recovery streak. The Solana-based asset built steady upward momentum, marking a breakout above $0.00001380 and posting a new local high near $0.000013968.
The 24-hour trading range tightened between $0.00001281 and $0.00001410, reflecting controlled volatility, as the price trended higher through consecutive higher lows, according to CoinDesk Research’s technical analysis data model.
Volume jumped 67% above its 24-hour average, reaching 1.15 trillion tokens, confirming strong participation behind the move.
Market sentiment is showing signs of shifting towards cautious optimism, with traders eyeing $0.00001400-$0.00001410 as the next resistance band to overcome. The price action remains supported by a defined ascending structure, reinforced by firm buying interest at $0.00001375-$0.00001380 where the breakout began.
If BONK maintains momentum above its recent breakout zone, it could aim for higher levels in the near term. However, a sustained close below $0.00001380 would risk reintroducing range-bound behavior. With both volatility and volume expanding, BONK’s setup favors continued to the upside as speculative interest returns to the meme coin segment heading into November.
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.
