Bonk dropped almost 6% over the past 24 hours and fell from $ 0.00002606 to $ 0.00002436 in a step that cut out a number of $ 0.0000028, approx. 10% of its trading spectrum.
The decline accelerated after the token had no gain near $ 0.000027 on August 11, when the volume was spiked to 1.13 trillion tokens, well over the 24-hour average of 708 billion, according to Coindesk Research’s technical analysis data model.
The sales pressure continued on the morning of August 12, when Bonk found fixed support around $ 0.000024 at. 10am UTC of 889 billion tokens traded.
Bonk saw a jump at the start of us morning when buyers stepped in and pushed the price up 3% to $ 0.000025.
Rebound signalized possible short -term stabilization after the extended draw and formed $ 0.000024 as a key support to avoid additional disadvantages.
The volatility comes the day after the NASDAQ-listed security shot revealed a $ 25 million company acquisition associated with Bonk-Ecosystem Development through its share in Bonk.Fun Launchpad-a feature considered by some analysts as a sign of increasing the mainstream exposure to the MEME sector.
Technical analysis
- Trading Range: $ 0.00002398- $ 0.00002674, a 10% spread over 24 hours.
- Resistance: More refusals near $ 0.000027 on August 11 with high volume.
- Support: Strong base near $ 0.000024 on August 12 with 889b -Tokens traded.
- Volume Spike: 145b -Tokens during outbreak from consolidation at. 12:30 UTC.
- Recovery Movement: 3% gain from $ 0.000024 to $ 0.000025 Between 11: 49–12: 48 UTC.
- Breakout Trigger: Price cleared $ 0.000025 Resistance at. 12:22 UTC.
- Market Context: Bounce follows several days of increased volatility in Memecoins.
Disclaimer: Parts of this article were generated with the help of AI tools and reviewed by our editorial team to ensure accuracy and compliance with Our standards. For more information, see Coindesk’s full AI policy.
