BONK Price Falls to $0.00001174 After $0.00001200 Support Breakdown
CoinDesk
BONK slid 4.06% to $0.00001174 after failing to hold the $0.00001200 support level amid increased trading volume.Summary
The Solana-based meme token BONK declined by 4.06% to $0.00001174 after breaking below the critical $0.00001200 support level, signaling renewed technical weakness. This drop followed a failed attempt to break resistance between $0.00001250 and $0.00001255, which occurred on volume that was 47% above the daily average. A sharp decline around 14:00 GMT confirmed the breakdown, though trading later consolidated near the broken support level with tapering volume, suggesting short-term exhaustion. Despite trading significantly below monthly highs, the intraday recovery hints at potential short-term stabilization, though momentum remains subdued until volume returns to average levels.
(Source：CoinDesk)