BONK jumps more than 10% as momentum pushes price higher
CoinDesk
The Solana-based token BONK rose over 10% in 24 hours, breaking a key technical resistance level.Summary
The Solana-based token BONK experienced a significant rally, climbing approximately 10.6% over the last 24 hours to reach around $0.00000833. This advance saw the token surpass the critical technical threshold of $0.00000820, which had previously capped its gains, leading to one of its strongest daily performances in weeks with elevated trading volume confirming the move. Following this peak near $0.00000844, BONK has entered a consolidation phase, easing back slightly into the $0.00000830–$0.00000835 range. The immediate focus for traders is whether the price can maintain support above the breakout area of $0.00000820 to potentially target the $0.00000840–$0.00000845 zone, maintaining the short-term upward bias.
(Source：CoinDesk)