Bonk posted one of the most significant intraday rallies in recent weeks, Climbing 10% from $ 0.000025 to $ 0.000027 During the 24 hours from August 12 and 13:00 UTC to August 13 and 12:00 UTC ..
Solana-based token based in Solana has exchanged for a $ 0.000031 range, representing 13% volatility, as entrepreneurs are capitalized at short-term momentum, according to the technical review model of technical research of Coindesk Research.
The rally began after Bonk established solid support at $ 0.000024, with the purchase of interest. The momentum was brought up to the early hours of August 13, where the token reached a high -day high $ 0.000027 between 3am and 04:00 am UTC.
Trade volumes continue to exceed the 24-hour average of 956.8 billion tokens, which sign strong participation from both retail and larger market players.
However, the gains prove that it is difficult to maintain.
Bonk reversed 1% during the US morning, slipping from $ 0.000027 to $ 0.00002646. The worst sale pressure came at 12:52 UTC, when a sharp decline was accompanied by a 38-billion-toil spike volume, suggesting getting the income of the larger holder.
As background, Bonk trading activity will come days after NASDAQ listed on safety safety revealed a $ 25 million allocation to the token ecosystem Through the bonk.fun launchpad platform. While that announcement is preceded by this rally, it emphasizes the institution’s interest in the project.
In support is still not whole at $ 0.000024 and stable resistance established at $ 0.000027, entrepreneurs will watch closely to see if Bonk can break in the upcoming sessions or combine before the next major move.
Technical analysis
- Support zone: $ 0.000024 held throughout the early trade.
- Resistance Peak: $ 0.000027 Tried between 03: 00-04: 00 UTC on August 13.
- Total Range: $ 0.000031, which represents 13% volatility.
- Average sunny volume: 956.8b token; exceeded the period of most rally.
- Largest Spike Sale: 38B Token at 12:52 UTC during 1% pullback.
- Late-session denial: $ 0.000027 to $ 0.00002646 in the last time.
Denial: Parts of this article were formed with assistance from AI tools and our editorial team reviewed to ensure accuracy and compliance with our standards. For more information, see CoinDesk’s entire AI policy.
