BONK Slides Toward Lower Range as Volatility Expands

The Solana-based memecoin BONK traded lower, slipping to approximately $0.0000087 after failing to sustain levels above the short-term resistance near $0.0000090. This movement occurred during a high-volume session, indicating heightened volatility rather than a clear directional trend, according to CoinDesk Research's analysis. BONK subsequently stabilized between $0.0000086 and $0.0000088, a recent reference zone. Technically, the token remains within a defined range, consolidating near the lower boundary, and a trend shift is not confirmed until BONK reclaims levels above $0.0000090, as prior support levels now act as resistance.

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(Source：CoinDesk)