Bonk published one of its most significant intraday events in recent weeks, climbing 10% from $ 0.000025 to $ 0.000027 during the 24-hour period from August 12 at 1 p.m. 13:00 UTC to August 13 at. 12:00 UTC ..
The Solana-based Meme token traded in a range of $ 0.000031 representing 13% volatility when dealers capitalized in the short term Momentum, according to Coindesk Research’s technical analysis data model.
The rally began, after Bonk established solid support of $ 0.000024, to buy interest rates intensified. Momentum completed for the early hours of August 13, when the token reached its daily height of $ 0.000027 between 03:00 and 04:00 UTC.
Trade volumes consistently exceeded the 24-hour average of 956.8 billion tokens, signaling strong participation from both retailers and major market players.
However, the winnings proved difficult to maintain.
Bonk turned by 1% during the US morning and slid from $ 0.000027 to $ 0.00002646. The heaviest sales pressure came at. 12:52 ADC, when a sharp decline accompanied a tip of 38 billion, which suggested profits from major holders.
As a background, Bonks Trade Activity comes days after the NASDAQ-listed security shot revealed an allocation of $ 25 million to token’s ecosystem via Bonk.Fun’s launchpad platform. While this message preceded this rally, it emphasizes the institutional interest in the project.
With support that is still intact to $ 0.000024 and resistance firmly established to $ 0.000027, dealers will look closely to see if Bonk can break higher in the upcoming sessions or consolidate before the next big move.
Technical analysis
- Support Zone: $ 0.000024 held throughout the early trade.
- Resistance stop: $ 0.000027 Tested between 03: 00-04: 00 UTC on August 13th.
- Total interval: $ 0.000031 representing 13% volatility.
- Average daily volume: 956.8b tokens; exceeded during most of the rally.
- Largest selling Spike: 38B -Tokens at. 12:52 UTC below 1% withdrawal.
- Decrease in late session: $ 0.000027 to $ 0.00002646 in the last hour.
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.
