BONK Stays Range-Bound as Heavy Trading Confirms Key Support and Resistance Levels
BONK spent the past 24 hours moving within a wide consolidation channel, with heightened trading activity validating both a resistance rejection and a rebound off support. The Solana memecoin traded just under the $0.0001 mark and slipped 0.7% on the day, while its intraday swings were driven almost entirely by interactions with established technical levels, based on CoinDesk Research’s data model.
The most notable action occurred around 18:00 UTC on Nov. 19, when volume spiked to 1.68 trillion tokens—an increase of roughly 91% over the daily average. That surge corresponded with a breakdown from the $0.0000102 level, confirming support near $0.0000095.
Repeated attempts to break higher were halted at roughly $0.0000104, where multiple rejections defined the upper limit of the range. Hourly data captured a quick pullback from $0.0000104 to $0.0000103 on a 129 billion-token burst, reflecting ongoing sensitivity to overhead resistance.
With no major catalyst directing sentiment, BONK continues to drift within a 14.7% consolidation band. Momentum now depends on whether volume builds as the token approaches either edge of the range
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