BONK Drops 3.9% to $0.00001223 on Heavy Volume as Technical Weakness Persists
CoinDesk
BONK fell 3.9% to $0.00001223 after breaking key support levels amid nearly doubled trading volume.Summary
The memecoin BONK dropped 3.9% to $0.00001223 on Wednesday, slipping below critical support levels amid a sharp 100% increase in trading volume. The token experienced a wide 42% intraday range, reflecting persistent technical weakness. Trading volumes peaked at 1.07 trillion tokens, confirming a clean breakdown through the $0.00001211 support level, which now converts the $0.00001226–$0.00001257 zone into immediate resistance. The short-term outlook now hinges on BONK's ability to reclaim the $0.00001226–$0.00001230 band; failure to do so increases the likelihood of retesting the $0.00001200 psychological floor.
(Source：CoinDesk)