BONK Retreats as Resistance Rejection and Rising Volume Stall Uptrend
CoinDesk
BONK eased by 2.1% after failing multiple times to break the $0.00001090 resistance level despite rising trading volume.Summary
The cryptocurrency BONK retreated to $0.00001073, marking a 2.1% drop over 24 hours, as it failed another attempt to surpass the established resistance level of $0.00001090. This underperformance lagged broader crypto benchmarks by about 3.5 percentage points. Trading volume significantly increased by 11.46% above the weekly average, spiking to nearly 879.0 billion tokens during a rejection at the upper range, which reinforced a lower-high pattern seen throughout November. Support for BONK is currently situated between $0.00001050 and $0.00001040, and a sustained recovery requires a decisive break above $0.00001090 supported by strengthening volume.
(Source：CoinDesk)