Bonk is Falling 3.8% in the last 24 hours to $0.00001402 As the Solana based Meme Coin failed to maintain its recent rebound.
After testing the upper range near $0.00001518, the token fell steadily through the Asian and early European trading hours.
The decline came amid a surge in trading activity, with 1.13 trillion tokens changing hands—71% above the seven-day average, according to Coindesk’s technical analysis data model.
The increased turnover reflected defensive positioning as traders trimmed exposure following Bonk’s repeated failure to hold above the $0.0000146-$0.0000150 band resistance.
Price action was decidedly bearish late Wednesday as Bonk broke below $0.0000142, confirming renewed short-term weakness.
From a technical standpoint, the Bonk pattern now reflects a downward short-term channel, with lower highs since the October 29 peak and firm support around the $0.0000138-$0.0000140 zone. Momentum indicators remain neutral-to-bearish, indicating consolidation rather than an immediate recovery. A close above $0.0000143 is required to signal a renewed upside, while sustained pressure below $0.0000139 could expose the next downside target near $0.0000137.
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.
