BONK Finds Support After Breaking Key Level as Volume Jumps 122%
October 29, 2025
BONK (BONK-USD) extended its decline Tuesday, dropping 3.4% to $0.0000143 as renewed selling across the Solana ecosystem added downward pressure on the meme token.
The move confirmed a decisive break below $0.0000146, a key support level that had held through the previous week, marking a short-term bearish setup, according to CoinDesk Research’s technical model.
Trading activity surged sharply during the selloff, with volume rising 122% above its 24-hour average to 1.26 trillion tokens around 20:00 GMT, signaling heightened participation from institutional and algorithmic traders.
After reaching highs near $0.0000152, BONK lost momentum and printed a series of lower highs between 19:00 and 21:00 GMT, sliding toward $0.0000143.
Late-session buyers provided modest relief, as increased activity between 01:32 and 01:50 GMT helped lift the token to $0.00001433, forming a higher low near $0.00001429 — an early sign of potential base formation at support.
BONK now trades in a tight consolidation band between $0.0000143 and $0.0000144, with resistance at $0.00001440 and $0.0000146. Analysts expect sideways movement in the near term, with accumulation opportunities likely near the lower end of the range if volumes remain elevated.
