BONK Slides 4.5% After Failing at Key Resistance
BONK retreated 4.5% over the past 24 hours after an early rally stalled near a critical resistance zone around $0.00001010, pushing the token back toward short-term support. Prices slipped from $0.00000952 to roughly $0.00000910 as upside momentum faded.
Intraday volatility remained elevated, with BONK trading in an 11.8% range and peaking near $0.00001018 before reversing lower, according to CoinDesk Research. The rejection coincided with a surge in trading activity, as volume jumped to approximately 2.03 trillion tokens during the move into resistance, underscoring strong selling interest at that level.
Following the pullback, BONK trended steadily lower before stabilizing just above $0.00000910. Volatility narrowed late in the session, suggesting consolidation as buyers and sellers tested the lower end of the range.
Hourly data showed several brief recovery attempts toward $0.00000915, accompanied by intermittent volume spikes of about 27.6 billion tokens. The activity points to increased participation near support and the early formation of a potential base heading into the next session.
Near-term direction now depends on whether BONK can hold above the $0.00000910 level. A sustained push through resistance in the $0.00000915–$0.00000920 area would help unwind the latest decline, while a failure to defend support raises the risk of a deeper pullback toward $0.00000890.
