Bonk extends rejection while breakdown below supports signals of further weakness
Bonk went down in the latest 24 hour period, Declining to $0.00001006 and continuing a downtrend That started after repeated failures to hold the $0.00001090 area.
The price action confirmed a break below the $0.00001032 support level, a zone that previously helped link the short-term consolidation, according to Coindesk Research’s technical analysis data model.
The shift was accompanied by a significant increase in trading activity. The total volume climbed to 1.06 trillion tokens, more than 113% above the recent average, which aligned with the moment bonk slipped below the previous support band. Additional volume clusters appeared in late-session moves, including spikes of 28.6 trillion and 32.1 trillion tokens, as the token sank toward intraday lows near $0.00001017.
Today’s hourly chart shows a clear sequence of lower highs and lower lows, with momentum indicators approaching oversold territory. While that setup can create short-term bounces, the technical picture remains defined by the resistance at $0.00001032, which now acts as the first threshold bonk that needs to be recovered to improve its outlook.
Support near $0.00001017 remains a key level for gauging whether the current decline can stabilize. A sustained move below that zone would open the door to further reduce exploration, while any recovery attempts would remain constrained by tight resistance above.
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.
