Bonk navigated sharp swings over the past 24 hours and swung between $ 0.00001991 and $ 0.00002123, a 45% trade spread that emphasized increased volatility.
The sales pressure was intensified late Tuesday in the middle of a scheduled $ 11.41 million token locking, with the token dropped from $ 0.00002102 to a low level of $ 0.00001991 at. 21:00 UTC. This trait was accompanied by a volume that surpassed 1.15 trillion tokens, according to Coindesk Research’s technical analysis data model.
Despite the decline, Bonk rebounded at $ 0.00001990 support level. At the start of the European morning Tuesday, the token had risen to $ 0.00002056, consolidated within a narrower interval and signaling of potential stabilization after the sale.
Investor Focus remains on Safety Shot’s $ 30 million financing agreement, with $ 25 million financed through Bonk Tokens, a landmark when the NASDAQ listed company became the first to add the meme coin to its treasury.
Technical analysis
- Bonk traded in a 45% range between $ 0.00001991 and $ 0.00002123.
- Heavy -selling September 1, volume drove to 1.15 trillion tokens between 20: 00–21: 00 UTC.
- Support held at $ 0.00001990 in the middle of a strong institutional purchase interest.
- Recovery saw the price increase from $ 0.00002035 to $ 0.00002056 on September 2nd.
- Resistance identified nearly $ 0.00002120 as sellers closed further up.
- Short -term volatility narrowed to a 0.24% spread around $ 0.00002053– $ 0.00002058.
- Volume tips over 27.3 billion tokens at. 09:50 UTC proposed continued accumulation.
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