BONK Declines 5% to $0.00001223 as Resistance Holds and Volume Surges 48%
CoinDesk
BONK fell 5% to $0.00001223 after failing to break the $0.0000130 resistance level amid a 50% surge in trading volume.Summary
The Solana-based meme token BONK experienced a 5% drop to $0.00001223 over the last 24 hours after failing to sustain momentum above the key resistance level of $0.0000130. This rejection occurred while trading volume spiked nearly 50% above average, peaking at 813.46 billion tokens. The price found short-term support near $0.00001223, preventing a deeper decline, although intraday volatility reached 6.6%. The pattern suggests that the prevailing downtrend is reinforced, and consolidation between $0.00001223 and $0.00001295 is likely unless increased volume can support a successful breakout attempt.
(Source：CoinDesk)