Solana-based Meme-Coal Bonk weathered a volatile 24 hours when significant institutional activity defined both the heights and the lows in the trade area.
The token reached $ 0.000026 and quickly encountered resistance at this level, with 4.02 trillion token’s changed hands during a midday rejection that set a clear technical ceiling in the short term, according to Coindesk Research’s technical analysis data model.
From there, Bonk slipped 6% to find a floor near $ 0.000023, with 1.07 trillion tokens trading as buyers absorbed the sales pressure. This zone has now emerged as a key support level, tested several times without breaking.
Bonk subsequently staged a modest recovery and got approx. 1% from $ 0.000024 to $ 0.00002425. Rebound was driven by sharp volume tips at. 10:48 UTC and 10:49 UTC, 21.99 billion and 31.43 billion tokens, suggesting accumulation from larger players just above prior resistance.
Dealers are now facing a defined match line: Resistance remains fixed to $ 0.000026, with support anchored to $ 0.000023. A sustained push over $ 0.000025 could signal the beginning of a more pronounced upward move, while a break of the lower bound risks that re -tested early August, according to the model.
Bonks continued high liquidity, even in the midst of recent volatility, emphasizes its position as one of the more active tokens in the Meme coin sector. Institutional participation has kept the price action closely tied up, but it has also increased the potential for sudden outbreaks to order books thin on key levels.
Technical analysis
- Trading Range: $ 0.000023– $ 0.000026 over the 23-hour period.
- Resistance locked to $ 0.000026 after 4.02T token -Sales wall.
- Support confirmed at $ 0.000023 with 1.07t -Tokens traded.
- The price closed at $ 0.00002448, dropped 0.92% in the period.
- Late-session rejection from $ 0.000024 to $ 0.00002425 (+1%).
- Volume spikes at. 10:48 UTC (21.99B) and 10:49 UTC (31.43B) suggests accumulation.
- Consolidation zone occurs between $ 0.000024 and $ 0.000025.
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