BONK weakens when repeated resistance tests Cap Meme-Token Momentum

BONK eased to $0.00001073, down 2.1% over the most recent 24-hour window as another attempt to regain higher ground faltered below the familiar $0.00001090 resistance band.

The token lagged broader crypto benchmarks by about 3.5 percentage points, extending a multi-session trend of relative underperformance, even as major assets posted modest gains, according to CoinDesk Research’s technical analysis data model.

Volume surged, rising 11.46% above BONK’s weekly average to 557.6 billion tokens. A large increase at At 16:00 UTC, turnover shot to 879.0 billion – about 58% above typical session levels – collapsing with another rejection at the upper end of the range. The trade then shifted decisively lower, with BONK sliding through $0.00001080 after several failed rebounds.

A brief move from $0.00001085 to $0.00001072 marked the sharpest decline of the session, supported by 63.3 billion in volume and reinforcing the lower-higher pattern that has shaped BONK’s chart throughout November. Support remains concentrated around $0.00001050-$0.00001040, while a sustained rally would require a break above $0.00001090 to bolster volume.

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.

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