Bonk-USD extended its slide on Tuesday, Falling 3.4% to $0.0000143 as the Solana-based token succumbed to renewed downward pressure across the wider ecosystem.
The decline was marked by a decisive break below the $0.0000146 support, a key level held for most of the previous week, confirming a short-term bearish structure, according to Coindesk Research’s technical analysis model.
The 24-hour trading range spanned nearly $0.0000090, reflecting the 6.2% intraday volatility typical of Bonk’s highly speculative nature. Volume climbed to 1.26 trillion tokens around 20:00 GMT, representing a 122% increase over the 24-hour average—a sign that institutional and algorithmic traders are active on the breakout.
After breaking out near $0.0000152, Bonk failed to maintain its gains, printing a series of lower highs between 19:00 and 21:00 GMT before cascading towards the $0.0000143 zone.
Despite the weakness, buying interest emerged late in the session as volume spikes between 01:32 and 01:50 GMT brought modest relief. The token bounced back slightly to $0.0000143291, forming a higher low near $0.0000142930, suggesting early support base formation.
The token’s immediate focus today lies within the $0.0000143-$0.0000144 consolidation band, with upside momentum trapped at resistance at $0.0000144018 and $0.0000146.
Traders expect continued bullish activity, with tactical opportunities for accumulation near current levels.
Disclaimer: Parts of this article were generated with help from AI tools and reviewed by our editorial team to ensure accuracy and compliance with our standards. For more information, see Coindesk’s full AI policy.
