BONK edged higher in the last 24 hours, rising 2.84% up at $0.00001215, establishing a well-defined consolidation range as price stabilized above key support levels, according to CoinDesk Research’s technical analysis data model.
Volume spiked to 2 trillion tokens at around 20:00 UTC Tuesday — roughly 134% above the daily average — as BONK rebounded from $0.00001099.
Following this surge in activity, the token held within the $0.00001170–$0.00001210 zone for most of the day before testing fresh intraday highs near $0.00001217.
The price movement may reflect an orderly consolidation phase following recent volatility across the meme token segment. Despite intermittent pullbacks, BONK maintained structure above its short-term support base, suggesting continued stabilization rather than renewed downside momentum. With volume levels remaining robust, the token continues to attract attention from traders monitoring for a potential breakout beyond its current range.
In the short term, BONK faces resistance between $0.00001217 and $0.00001225, a zone that has capped prior advances. A clean move above this band could validate a continuation pattern targeting higher levels. On the downside, $0.00001099 remains the critical support floor to watch, with a break below it potentially signaling a return to lower consolidation zones.
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.
