Bonk, Solana-native meme cryptocurrency, fell nearly 5% over the past 24 hours and slid from $ 0.000028 to $ 0.0000266.
Price rejection near $ 0.000029 over 16:00 hours was supported by increased transaction volume of 764.44 billion tokens, a signal of aggressive distribution from major holders, according to Coindesk’s technical analysis data model.
Support attempts of $ 0.000026 were strengthened by spikes in trade activity over 1.17 trillion tokens during midnight and 08:00 UTC intervals, but these influences proved to be inadequate to turn the wider downward trend.
Sales continued under Europe. Afternoon, with bonk that falls 3% intraday from $ 0.000026 to $ 0.0000254, led by volume tips over 59 billion tokens at 13:54 UTC. This collapse of the $ 0.000026 floor has now created a falling channel formation, establishing a new bearish structure with award operation that drives against the psychologically significant $ 0.000025 zone.
Bonk saw a small recovery under the middle of the morning in the US and lifted to $ 0.0000275 to repair some of the damage from earlier.
Sentiment remains fragile across the wider crypto market, with the introduction of fresh US tariffs on imports that create a “risk -off” mood, causing investors to move away from more risky assets like Cryptocurrencies. This is a common pattern where global economic uncertainty leads to capital flowing out of more unstable markets.
Technical analysis
- Bonk dropped 7% from $ 0.000028 to $ 0.000026 during the 24-hour period
- Firm resistance to $ 0.000029 Confirmed by 764.44b -tokens in Sales Volume
- Heavy purchase near $ 0.000026 Failed to hold in the middle of 1.17t+ token volume tips
- 3% decrease from $ 0.000026 to $ 0.0000254 in the last hour, led by 59.77B -Tokens at. 13:54
- Lower heights and a collapse of $ 0.000026 -Attapping confirms Bearish channel pattern
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