BONK Extends Slide as Resistance Rejection Pushes Token Back Toward Support
BONK declined 4.5% after failing to break resistance near $0.00001010, settling into consolidation around $0.00000910.Summary
The BONK token experienced a 4.5% decline over 24 hours, falling from $0.000009524 to $0.000009097 after its upward momentum was sharply reversed at a key resistance zone near $0.00001010. This rejection occurred amid a substantial increase in trading volume, confirming the significance of this level as a ceiling. Following the reversal, BONK stabilized in a tight consolidation band above $0.00000910, with minor upward tests accompanied by intermittent volume spikes suggesting activity near the lower bound.
Short-term price action now depends on whether BONK can maintain stability above the $0.00000910 support zone. Progress toward recovering Tuesday's losses would be signaled by a sustained move above resistance at $0.00000915–$0.00000920; conversely, a failure to hold support increases the risk of retesting the $0.00000890 region.
(Source：CoinDesk)