🚀 BONK Bounces Back: Can the Memecoin Break Free From Resistance? 🐶💥

1. A Small but Spirited Rally

BONK, a Solana-based memecoin, rose~ 1.7% in the past 24 hours to ~$0.00002626.

It traded within a 4% range — hitting a high of $0.00002645 and a low of $0.00002485 — for a spread of $0.00000160, according to CoinDesk Research data.

2. Recovery and Resistance

After rebounding from its low at 16:00 UTC on Aug. 7, BONK peaked during the European morning on Friday, with trading volume surging past 1.09 trillion tokens — well above the daily average.

But momentum hit a ceiling at $0.00002640, where repeated sell orders blocked upward moves.

3. Support Holds Strong

Despite failed breakout attempts past $0.00002615, BONK stayed above $0.00002600.

A notable 48.86 billion token volume spike at 12:07 UTC reinforced the current resistance zone, with buyers holding the line at $0.00002550–$0.00002600.

Technical Analysis Snapshot 📊

📏 4% trading range: $0.00002485–$0.00002645

🚧 Resistance: $0.00002640 (confirmed multiple times)

🛡️ Support: $0.00002550–$0.00002600

📈 Rally phase volume: 1.09 trillion tokens

❌ Failed breakout: $0.00002615 → pullback

💧 Strong liquidity: $0.00002580–$0.00002610

📉 Lower highs after peak signal short-term pressure

Conclusion & Price Prediction 🎯

💪BONK’s resilience at $0.00002550–$0.00002600 suggests strong buyer activity, but the persistent wall at $0.00002640 remains the key barrier 🚧.

🐂If bulls break through this resistance, the next target zone could be $0.00002750–$0.00002850, paving the way toward the psychological milestone of $0.00003000 🏆🚀.

However, this would likely require a broader memecoin rally 📈, stronger sentiment across Solana tokens 🌊, and sustained trading volume above the 1 trillion mark 📊🔥. Until then, expect sideways consolidation ⏸️ with sudden bursts of volatility ⚡🐕💥.$BONK