Bonk, a Solana-based Memecoin, advanced 1.7% in the last 24 hours to $ 0.00002626.
Token traded within a 4% range with a high of $ 0.00002645 and a low level of $ 0.00002485, producing a $ 0.00000160 spread, according to Coindesk Research’s technical analysis data model.
The price rebound from the low at. 16:00 UTC on August 7th and moved to the top during the European morning on Friday. This recovery phase experienced the total volume wave over 1.09 trillion tokens, greater than the daily average. However, Momentum stopped at $ 0.00002640, with repeated sales orders limited upward movements.
Bonk then held over $ 0.00002600 despite short dips. A volume of 48.86 billion tokens at. 12:07 UTC coincided with a failed breakout attempt past $ 0.00002615, which reinforces the established resistance zone. Bonk may have consolidated below $ 0.00002630 for now, leaving dealers focused on whether the token can break higher or face renewed sales pressure.
Market mood across memcoins remains cautious in the middle of wider crypto volatility. Institutional currents have shown signs of rotation for more established assets, but Bonks’s sustained support for $ 0.00002550- $ 0.00002600 suggests buyers remain active.
Technical analysis
- Trading Range of 4% spans $ 0.00002485 to $ 0.00002645.
- Resistance confirmed several times of $ 0.00002640.
- Support zone established at $ 0.00002550– $ 0.00002600.
- Volume tip of 1.09 trillion tokens in the rally phase.
- Failed breakout of $ 0.00002615 led to withdrawal.
- Elevated liquidity observed in $ 0.00002580- $ 0.00002610 The tape.
- Intraday volatility produced several lower heights after top.
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