5 hours ago
BONK navigated crisp swings implicit the past 24 hours, fluctuating betwixt $0.00001991 and $0.00002123, a 45% trading dispersed that underscored heightened volatility.
Selling unit intensified precocious connected Tuesday amid a scheduled $11.41 cardinal token unlock, with the token dropping from $0.00002102 to a debased of $0.00001991 astatine 21:00 UTC. This determination was accompanied by a measurement spike surpassing 1.15 trillion tokens, according to CoinDesk Research's method investigation information model.
Despite the decline, BONK rebounded astatine the $0.00001990 enactment level. By the commencement of the European greeting Tuesday, the token had recovered to $0.00002056, consolidating wrong a narrower scope and signaling imaginable stabilization aft the selloff.
Investor absorption remains connected Safety Shot’s $30 cardinal financing deal, successful which $25 cardinal was funded done BONK tokens, a landmark determination arsenic the NASDAQ-listed institution became the archetypal to adhd the meme coin to its treasury.
Technical Analysis
- BONK traded successful a 45% scope betwixt $0.00001991 and $0.00002123.
- Heavy selling Sept. 1 drove measurement to 1.15 trillion tokens betwixt 20:00–21:00 UTC.
- Support held astatine $0.00001990 amid beardown organization buying interest.
- Recovery saw terms ascent from $0.00002035 to $0.00002056 connected Sept. 2.
- Resistance identified adjacent $0.00002120 arsenic sellers capped further upside.
- Short-term volatility narrowed to a 0.24% dispersed astir $0.00002053–$0.00002058.
- Volume spikes supra 27.3 cardinal tokens astatine 09:50 UTC suggested continued accumulation.
Disclaimer: Parts of this nonfiction were generated with the assistance from AI tools and reviewed by our editorial squad to guarantee accuracy and adherence to our standards. For much information, see CoinDesk's afloat AI Policy.
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