10 hours ago
BONK has rallied 6%, recovering from earlier declines to scope $0.000036. The Solana-native meme coin traded successful a wide 12% range, moving betwixt $0.00003276 and $0.00003670, with pronounced volatility offering accidental for accumulation by strategical buyers.
Price momentum was strongest betwixt 12:00 and 13:00 UTC connected July 28, erstwhile BONK surged to its regular precocious of $0.00003670 connected exceptional measurement of 3.8 trillion tokens, according to CoinDesk's method investigation information model.
High-intensity buying besides emerged during the 13:32–13:35 UTC interval, wherever trading volumes topped 115 cardinal tokens per minute, a determination which appeared to awesome organization confidence.
The rally coincided with encouraging network-level information for Solana. Non-fungible token (NFT) trading enactment connected Solana deed a Q3 precocious connected July 28, with full regular income and unsocial buyers rising to their strongest levels since mid-June, according to SolanaFloor. This renewed momentum crossed Solana’s broader ecosystem apt contributed to BONK’s bullish reversal, reinforcing marketplace condemnation successful the meme token’s ecosystem positioning.
Technical Analysis
- BONK traded betwixt $0.00003276 and $0.00003670, a 12% intraday range.
- Volume exceeded 3.8 trillion tokens during midday rally from 12:00–13:00 UTC.
- Price rebounded 1% from $0.00003590 to $0.00003629 successful the last hour.
- Key enactment held astatine $0.000033, with organization bids during terms dips.
- 13:32–13:35 UTC marked the highest minute-by-minute volumes astatine 115B tokens.
- Solana NFT enactment deed Q3 highs connected July 28, according to SolanaFloor.
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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