Key Takeaways
BONK rose 1.7% in 24 hours to $0.00002626.
$0.00002640 resistance repeatedly capped rallies.
Support remains at $0.00002550–$0.00002600 on strong buy-side activity.
BONK, a Solana-based memecoin, climbed 1.7% over the past day to $0.00002626, trading within a tight 4% range as it approached a major resistance level. The token hit an intraday high of $0.00002645 and a low of $0.00002485, according to CoinDesk Research’s technical analysis model.
A rebound from the August 7 low at 16:00 UTC pushed BONK toward its morning peak on Friday’s European session, with total volume surging above 1.09 trillion tokens — well above the daily average. Despite the strong recovery, momentum stalled at $0.00002640, where sell orders repeatedly halted upside attempts.
Technical Overview
Resistance: $0.00002640 confirmed as key ceiling after multiple rejections.
Support: $0.00002550–$0.00002600 zone held firm, with buyers stepping in on dips.
Volume: Rally phase saw 1.09T tokens traded; failed breakout at $0.00002615 triggered pullback.
Liquidity: Concentrated in the $0.00002580–$0.00002610 range.
Trend: Series of lower highs after peak signals short-term consolidation.
Market Context
Memecoin sentiment remains cautious amid broader crypto volatility, with some institutional flows rotating into more established tokens. Still, BONK’s ability to defend support near $0.00002600 suggests active buy-side interest and leaves the possibility of a breakout above $0.00002640 if momentum returns, according to CoinDesk.
