3 weeks ago
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
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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