BONK, the Solana-native meme cryptocurrency, declined astir 5% implicit the past 24 hours, sliding from $0.000028 to $0.0000266.
Price rejection adjacent $0.000029 during the 16:00 hr was supported by elevated transaction measurement of 764.44 cardinal tokens, a awesome of assertive organisation from larger holders, according to CoinDesk's method investigation information model.
Support attempts astatine $0.000026 were bolstered by spikes successful trading enactment supra 1.17 trillion tokens during the midnight and 08:00 UTC intervals, but these inflows proved insufficient to reverse the broader downward trend.
The selloff continued during the European. afternoon, with BONK falling 3% intraday from $0.000026 to $0.0000254, led by measurement spikes supra 59 cardinal tokens astatine 13:54 UTC. This breakdown from the $0.000026 level has present created a descending transmission formation, establishing a caller bearish operation with terms enactment drifting toward the psychologically important $0.000025 zone.
BONK saw a flimsy betterment during mid-morning successful the U.S., lifting to $0.0000275 to repair immoderate of the harm from earlier.
Sentiment remains fragile crossed the broader crypto market, with instauration of fresh U.S. tariffs connected imports creating a "risk-off" sentiment, causing investors to determination distant from riskier assets similar cryptocurrencies. This is simply a communal signifier wherever planetary economical uncertainty leads to superior flowing retired of much volatile markets.
Technical Analysis
- BONK fell 7% from $0.000028 to $0.000026 implicit the 24-hour period
- Firm absorption astatine $0.000029 confirmed by 764.44B tokens successful merchantability volume
- Heavy buying adjacent $0.000026 failed to clasp amid 1.17T+ token measurement spikes
- 3% driblet from $0.000026 to $0.0000254 successful last hour, led by 59.77B tokens astatine 13:54
- Lower highs and a breakdown from the $0.000026 enactment corroborate bearish transmission pattern
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