The Solana-based token moved through a key technical level before slipping into a consolidation phase.
BONK advanced over the past 24 hours, gaining about 10.6% to trade near $0.00000833 after breaking above an important resistance zone. The rally unfolded in an orderly fashion, with prices grinding higher throughout the session and forming a series of higher intraday lows before topping out around $0.00000844, according to CoinDesk Research’s technical analysis model.
Momentum accelerated as trading volume picked up during the push above $0.00000820, a level that had previously capped upside attempts. The breakout carried BONK toward the upper boundary of its recent trading range, delivering one of its strongest daily moves in several weeks. Elevated volume through the advance highlighted increased market participation as prices probed higher levels.
After the surge, BONK pulled back modestly toward the $0.00000830–$0.00000835 area, where price action tightened into a narrower range. The retracement has remained controlled, with the token holding above the former resistance near $0.00000820, which is now acting as a key reference level.
As consolidation continues, attention is focused on whether BONK can maintain support above $0.00000820 and establish a base for another push toward the $0.00000840–$0.00000845 zone. A sustained break below that area would shift focus back to the lower end of the recent range, while holding above it would preserve the short-term bullish bias.
