BONK is down 6.2% in the past 24 hours, falling to around $0.000008331.
The move unfolded within a $0.000001202 range, representing about a 13% intraday swing as speculative positioning wound down, according to CoinDesk Research’s technical analysis data model.
Price found firmer footing during the Asian morning, with BONK briefly falling to $0.000007941 before rallying sharply. The bounce carried the token above $0.000008300, suggesting that demand emerged at lower levels despite the broader downtrend.
Short-term price action shows that BONK is consolidating after the rally, with overhead resistance gathered near $0.0000084–$0.0000085 and deeper support defined near the session low. Until the token can regain the $0.0000091 area, trading conditions remain consistent with stabilization after a sharp sell-off rather than a confirmed trend reversal.
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.
