The bonk has moved through a wide range of consolidation over the past 24 hours, shifting between key technical levels. To trade just below $0.0001.
Solana-based Memecoin fell 0.7%, but intraday price action unfolded within a volatile structure shaped almost entirely by support-and-resistance interactions, according to Coindesk’s technical research analysis data model.
The most dramatic activity occurred around 18:00 UTC on November 19, when trading volume hovered around 1.68 trillion tokens, about 91% above the 24-hour average. That advance was aligned with a breakdown from $0.0000102, proving support near $0.0000095.
Subsequent attempts to extend gains were trapped near $0.0000104, where repeated declines cemented the upper boundary of the range. Hour-by-hour data shows a sharp reversal from $0.0000104 to $0.0000103 during a 129 billion-token volume explosion, which highlighted continued price sensitivity to micro-level resistance.
Without a clear sentiment driving catalyst, the token continues to oscillate within a 14.7% consolidation band, with momentum dependent on whether volume expands to the edges of this range.
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.
