coindesk.com
BONK traded lower over the past 24 hours, slipping to approximately $0.0000087 as earlier attempts to hold higher levels faded.
The token moved through a wide intraday range before settling near recent lows, reflecting heightened volatility rather than directional follow-through, according to CoinDesk Research's technical analysis data model.
Activity intensified as volume expanded well above recent averages while BONK approached short-term resistance near the $0.0000090 area. Price failed to maintain traction above that zone, and the subsequent pullback carried the token back toward the lower boundary of its established range.
BONK subsequently stabilized near $0.0000086–$0.0000088, a zone that has repeatedly acted as a short-term reference point in recent sessions. While price compression emerged into the close, the broader structure remained unchanged, with the token still trading below prior support levels that now cap upside attempts.
From a technical standpoint, BONK continues to oscillate within a defined range, with elevated volume underscoring sensitivity around nearby resistance. Until price reclaims levels above $0.0000090, movement remains consistent with consolidation near the lower end of the range rather than a confirmed shift in trend.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.