BONK Holds Its Broad Trading Range as Volume Spikes Validate Key Technical Levels
BONK continued to trade within a wide consolidation zone over the past day, with rising volume confirming both a rejection at resistance and a subsequent rebound from support. The Solana memecoin hovered just under $0.0001, ending the session down 0.7%, while price action remained tightly governed by support-and-resistance dynamics, according to CoinDesk Research’s technical model.
The most significant activity unfolded around 18:00 UTC on Nov. 19, when trading volume surged to 1.68 trillion tokens—roughly 91% above the 24-hour average. The spike aligned with a pullback from $0.0000102, reaffirming the $0.0000095 support zone.
Attempts to push higher were repeatedly stopped near $0.0000104, where consistent rejections reinforced the upper edge of the consolidation band. Hourly data showed a swift reversal from $0.0000104 to $0.0000103 during a 129 billion-token volume burst, underscoring how sensitive BONK remains to micro-resistance levels.
With no major catalyst shaping sentiment, BONK continues to oscillate within a 14.7% range. Whether the token can break out hinges on volume expansion as it approaches these key boundaries.
