BONK Drops 4% With Volatility Exceeding Altcoin Average

BONK traded nether sustained selling unit connected Wednesday falling 3.9% to $0.00002383 successful 24 hours.

The Solana-based memecoin swung betwixt a precocious of $0.00002486 and a debased of $0.00002360, a scope that translated to 50.3% volatility, good supra the altcoin average, according to CoinDesk Research's method investigation information model.

Multiple attempts to reclaim higher crushed were rejected adjacent the $0.00002480 absorption zone, wherever persistent selling capped intraday rallies.

Volume surged to 682.03 cardinal tokens during the 21:00 UTC hr connected Aug. 5, coinciding with terms stabilization adjacent $0.00002360, a level that saw repeated involution by buyers.

The token saw a crisp 0.53% rebound during the European day connected Wednesday, rising from $0.00002374 to $0.00002387. The summation came aft the token dipped to $0.00002361. Volume exceeded 35 cardinal tokens betwixt 13:36 and 14:04 UTC, indicating a blend of organization accumulation and imaginable abbreviated covering arsenic traders repositioned.

Technical Analysis

• Price Range: 50.3% volatility betwixt $0.00002486 precocious and $0.00002360 low.
• Session Decline: 3.9% driblet from $0.00002477 to $0.00002383.
• Support Zone: Established astatine $0.00002360 with aggregate volume-backed rebounds.
• Resistance Level: Firmly held astatine $0.00002480 with organization organisation patterns.
• Volume Highlights: 682.03B tokens traded astatine 21:00 UTC; 35B+ during 13:36–14:04 bullish reversal.
• Trend Structure: Late-session reversal implies imaginable displacement successful short-term sentiment contempt persistent macro headwinds.

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