BONK Jumps 10% to $0.000027 Before Profit-Taking Hits

BONK posted 1 of its astir important intraday rallies successful caller weeks, climbing 10% from $0.000025 to $0.000027 during the 24-hour play from Aug. 12 astatine 13:00 UTC to Aug. 13 astatine 12:00 UTC..

The Solana-based meme token traded successful a $0.000031 range, representing 13% volatility, arsenic traders capitalized connected short-term momentum, according to CoinDesk Research's method investigation information model.

The rally began aft BONK established coagulated enactment astatine $0.000024, with buying involvement intensifying. Momentum carried done to the aboriginal hours of Aug. 13, wherever the token reached its regular precocious of $0.000027 betwixt 03:00 and 04:00 UTC.

Trading volumes consistently outpaced the 24-hour mean of 956.8 cardinal tokens, signaling beardown information from some retail traders and larger marketplace players.

However, the gains proved hard to sustain.

BONK reversed by 1% during the U.S. morning, slipping from $0.000027 to $0.00002646. The heaviest selling unit came astatine 12:52 UTC, erstwhile a crisp diminution accompanied a 38-billion-token measurement spike, suggesting profit-taking by larger holders.

As background, BONK’s trading enactment comes days aft Nasdaq-listed Safety Shot disclosed a $25 cardinal allocation to the token’s ecosystem via Bonk.fun’s launchpad platform. While that announcement preceded this rally, it underscores organization involvement successful the project.

With enactment inactive intact astatine $0.000024 and absorption firmly established astatine $0.000027, traders volition beryllium watching intimately to spot if BONK tin interruption higher successful the coming sessions oregon consolidate earlier its adjacent large move.

Technical Analysis

• Support zone: $0.000024 held passim aboriginal trading.
• Resistance peak: $0.000027 tested betwixt 03:00-04:00 UTC connected August 13.
• Total range: $0.000031, representing 13% volatility.
• Average regular volume: 956.8B tokens; exceeded during astir of the rally.
• Largest selling spike: 38B tokens astatine 12:52 UTC during 1% pullback.
• Late-session decline: $0.000027 to $0.00002646 successful the last hour.

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