Brief Bounce Fizzles, Sending BONK Down 8% Amid Renewed Sell-Off
BONK Drops 8% After Hitting Resistance, Volume Spikes to 2.16 Trillion
BONK suffered a sharp reversal on Thursday, falling 8.4% to $0.0000345 after running into strong resistance at $0.000038. The sell-off erased earlier gains and was driven by a surge in trading volume, which jumped to 2.16 trillion tokens — well above the 24-hour average of 1.46 trillion — signaling aggressive unloading by sellers.
The Solana-based meme coin briefly reached an intraday high of $0.0000354 at 10:50 UTC before renewed sell pressure sent the price back below the $0.0000350 support. A failed attempt to reclaim higher levels was followed by accelerated downside during a high-volume window between 11:12 and 11:18 UTC, where over 20 billion tokens changed hands per minute.
Technically, BONK remains under pressure, with confirmation of a breakdown below $0.0000350. Unless strong buying interest returns, a retest of the $0.0000335–$0.0000340 support zone appears likely.
Technical Recap
- Price Move: -8.4%, from $0.0000375 to $0.0000345
- Range: $0.0000338 (low) – $0.000038 (high), 11% swing
- Resistance: $0.000038 confirmed on high-volume rejection at 14:00 UTC
- Support Levels: $0.0000338–$0.0000341
- Volume: 2.16 trillion BONK vs 1.46 trillion average
- Key Breakdown: 20B+ tokens traded per minute during 11:12–11:18 UTC
- Trend Outlook: Bearish below $0.0000350; downside risk toward $0.0000335
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