BONK drops 6.2% as elevated volume marks shift at key technical levels
CoinDesk
BONK fell 6.2% to $0.000008331 as selling pressure intensified near resistance levels.Summary
The speculative token BONK dropped 6.2% over 24 hours, settling around $0.000008331, following elevated trading volume near resistance levels that signaled a pullback. Price action showed intraday swings of about 13%, with demand emerging near $0.000007941 before a sharp rebound. Currently, BONK is consolidating, facing overhead resistance between $0.0000084 and $0.0000085. Analysts note that the token needs to reclaim the $0.0000091 level to confirm a trend reversal; otherwise, the current conditions suggest stabilization after a sharp sell-off.
(Source：CoinDesk)