2 weeks ago
BONK, a Solana-based memecoin, precocious 1.7% successful the past 24 hours to $0.00002626.
The token traded wrong a 4% range, with a precocious of $0.00002645 and a debased of $0.00002485, producing a $0.00000160 spread, according to CoinDesk Research's method investigation information model.
The terms rebounded from the debased astatine 16:00 UTC connected Aug. 7, moving toward the highest during the European greeting connected Friday. This betterment signifier saw full measurement surge supra 1.09 trillion tokens, greater than the regular average. However, momentum stalled astatine $0.00002640, wherever repeated merchantability orders capped upward moves.
BONK subsequently held supra $0.00002600 contempt little dips. A measurement spike of 48.86 cardinal tokens astatine 12:07 UTC coincided with a failed breakout effort past $0.00002615, reinforcing the established absorption zone. BONK whitethorn person consolidated beneath $0.00002630 for now, leaving traders focused connected whether the token tin interruption higher oregon look renewed selling pressure.
Market sentiment crossed memecoins remains cautious amid broader crypto volatility. Institutional flows person shown signs of rotation into much established assets, but BONK’s sustained enactment astatine $0.00002550-$0.00002600 suggests buyers stay active.
Technical Analysis
- Trading scope of 4% spanned $0.00002485 to $0.00002645.
- Resistance confirmed aggregate times astatine $0.00002640.
- Support portion established astatine $0.00002550–$0.00002600.
- Volume spike of 1.09 trillion tokens during rally phase.
- Failed breakout astatine $0.00002615 led to pullback.
- Elevated liquidity observed successful the $0.00002580–$0.00002610 band.
- Intraday volatility produced respective little highs aft peak.
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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