BONK Price Slips 3.4% With Support Under Pressure Amid Solana Market Weakness
CoinDesk
BONK fell 3.4% to $0.0000143, breaking key support amid a Solana ecosystem selloff, though high volume suggests potential base formation.Summary
The BONK-USD token declined by 3.4% to $0.0000143, succumbing to downward pressure across the broader Solana ecosystem and decisively breaking the $0.0000146 support level, confirming a short-term bearish structure. Trading volume surged by 122% to 1.26 trillion tokens, indicating significant activity from institutional and algorithmic traders during the breakdown. After failing to sustain gains above $0.0000152, BONK found buyers near $0.0000143, forming a higher low that suggests early base-building is occurring at this support zone. The token is now expected to trade range-bound between $0.0000143 and $0.0000144, with resistance noted at $0.0000146.
(Source：CoinDesk)