BONK's price fell 2.1% to $0.00001073 in the last 24 hours, failing to break through the $0.00001090 resistance level. Despite a surge in trading volume, which increased 11.46% above the weekly average to 557.6 billion tokens, the token continues to underperform the broader crypto market by 3.5 percentage points.
A significant volume spike at 16:00 UTC saw trading reach 879 billion tokens, 58% above usual levels, as BONK's price tested the upper range. However, the price declined sharply, dropping below $0.00001080 after several failed attempts to rebound. The largest intraday decline saw BONK fall from $0.00001085 to $0.00001072, with volume peaking at 63.3 billion tokens. Support is seen between $0.00001050 and $0.00001040, with a breakout above $0.00001090 needed for a sustained recovery.
BONK Struggles at Resistance as Trading Volume Surges
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