Bonk has endured a strong sales pressure over the last 24 hours, with the Solana-based meme token dropped 4% from $ 0.000035 to $ 0.000033. A fleeting trading area from $ 0.000014 defined the session as investors digested elevated valuations and market -covering positioning changes.
The asset reached an early top of $ 0.0000377 at. 02:00 UTC, but the efforts to extend higher were met with a marked resistance around $ 0.000038 level. This price ceiling coincided with a significant increase in trading activity with volume climbing over 2.66 trillion tokens, more than twice the 24-hour average, according to Coindesk’s technical analysis data model.
This bending point catalyzed a rapid change of direction, which led to sustained sales throughout the day.
At 13:00 UTC, Bonk was slid to $ 0.000033 and marked the low of the day. During this fall, token turnover reached 2.82 trillion, which confirmed increased participation and increased volatility. The most notable activity occurred during the window 13: 41–13: 51 UTC as trading volume increased over 145 billion tokens over several minutes, signaling intense short -term repositioning of dealers and institutions with high volume.
The move coincided with a wider withdrawal over the Crypto Asset Class. Leading Altcoins such as Sol, Ada and Doge also faced falling momentum as investors locked in gains from previous events.
Technical resistance across larger benchmarks, including ETH and BTC, contributed to sect-word rebalansing icing among assets with high beta as Bonk, who had previously surpassed. This Retracement phase seems to reflect a temporary market cooldown rather than a basic shift in mood.
Technical analysis
- Price dropped 4% from $ 0.000035 to $ 0.000033 between July 22 and July 23.
- Intraday Trading Range spans $ 0.000014.
- Resistance formed to $ 0.000038 with 2.66 trillion tokens shopping on top.
- Volume peaked with 2.82 trillion tokens during the move to a low level of $ 0.00003278.
- Remarkable Spike: 145B+ tokens traded in 10-minute stretches from 13: 41–13: 51 UTC.
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