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BONK Extends Gains to $0.00001332 With 82% Volume Surge Confirming Breakout Pattern

CoinDesk
BONK rose 1.7% to $0.00001332, supported by an 82% surge in trading volume confirming its recent breakout momentum.

Summary

The Solana-based meme token BONK climbed 1.7% to $0.00001332, successfully extending its recent breakout after decisively surpassing the $0.00001320 resistance level. This upward movement was technically confirmed by a significant 82% increase in trading volume, reaching 850.8 billion tokens traded against a daily average of 467 billion. BONK is currently situated within an ascending channel, with support forming between $0.00001300 and $0.00001327, suggesting potential consolidation before the next directional move. Continued upside momentum requires sustained volume above 500 billion tokens and a confirmed break above the $0.00001350 resistance level.

(Source:CoinDesk)