BONK Slides 4% Amid Heavy Volume as Support Levels Face Pressure
BONK, the Solana-based memecoin, posted a 4% drop over the past 24 hours, falling from a high of $0.0000377 to a low of $0.00003278. The decline was accompanied by a surge in trading volume, with over 2.82 trillion tokens changing hands, signaling rising market stress.
The sell-off accelerated during a brief window between 13:41 and 13:51 UTC, when BONK faced rejection near the $0.000038 resistance level and more than 145 billion tokens were traded. The move marked a clear shift in sentiment as altcoins faced broader weakness across the board.
Despite the pullback, BONK is still holding above the key support level of $0.000032. A breakdown below this threshold could trigger further downside, particularly if the broader risk-off tone in crypto persists. The coin’s future trajectory will likely depend on whether it can stabilize and reclaim upward momentum in the coming sessions.
Key Market Data:
- 24H Change: -4%
- Range: $0.0000377 – $0.00003278
- Volume: 2.82 trillion tokens
- Resistance: $0.000038
- Support: $0.000032
Traders are watching closely to see if BONK can consolidate or if continued pressure will lead to a deeper correction.
