BONK Breaks Key Support Amid High Volume, Short-Term Outlook Turns Bearish
BONK fell below a critical support level as trading activity surged, signaling a fragile short-term structure. The token dropped to $0.00001006 over the past 24 hours, extending a downtrend that began after repeated failures to hold the $0.00001090 area.
CoinDesk Research’s technical model confirmed a breach of $0.00001032, a level that had previously anchored short-term consolidation. This decline coincided with a sharp rise in volume, which reached 1.06 trillion tokens—over 113% above the recent average. Late-session activity included spikes of 28.6 trillion and 32.1 trillion tokens as BONK tested intraday lows near $0.00001017.
Hourly charts display a clear pattern of lower highs and lower lows, with momentum indicators nearing oversold territory. While brief rebounds are possible, resistance at $0.00001032 now presents the first key hurdle for recovery.
Support at $0.00001017 remains critical. A sustained break below this level could open the door to further losses, while any bounce attempts face tight overhead resistance.
