Bonk, Solana -based token, endures higher volatility in the last 24 hours, Falling 2.9% to $ 0.00002192. The action was defined by a ceiling at $ 0.00002308 repeatedly defended by the sellers, while the downside pressure built continuously, according to the technical review model of technical research of Coindesk Research.
Integration -with around $ 0.00002262 paved the way for an advance towards $ 0.00002306 in early afternoon in Monday, established the main point of resistance to the day.
The sharp bearish momentum opened in the early hours of Tuesday, when the Bonk fell from $ 0.00002285 to $ 0.00002217 between 1:00 and 05:00 UTC. Volumes have passed the past 600 billion tokens between 03:00 UTC, suggesting the sale of institutional scale and possible retail.
Bonk fell another 2% to $ 0.00002117 during US morning morning with a decline in intraday combined with spikes in volume more than 30 billion tokens. Short rebounds, including a recovery attempt at $ 0.00002244 at 13:54 UTC, failed to maintain momentum, leaving Bonk locked in a descending channel pattern.
Despite short -term weakness, longer data indicates selective accumulation. Sophisticated investors Extended handles more than 300% in the last monthEven the whale wallets have been able to trim positions by approximately 110 billion tokens. The difference -this point points to strategic positioning amid greater volatility, although technical indicators still suggest a risk of a retest towards the $ 0.00002100 psychological support level.
Technical analysis
- Bonk is trapped at $ 0.00002308, which serves as a major resistance.
- The sharp decline from $ 0.00002285 to $ 0.00002217 between 01: 00-05: 00 UTC on August 19.
- Trade volume exceeds 600 billion tokens during the selling of the peak at 3am UTC.
- Repeated -repeated failures to recover $ 0.000022250 have confirmed continuous sale pressure.
- Decline of 2% from $ 0.00002251 to $ 0.00002117 has been highlighting ongoing weakness.
- Short recovery at $ 0.00002244 at 13:54 quickly by the UTC, strengthening the channel downward.
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