BONK Slides 4% as Support Break Sparks Renewed Technical Weakness

BONK-USD extended its decline on Thursday, slipping 4.06% to $0.00001174 in the last 24 hours as the Solana-based meme token failed to maintain its foothold above the $0.00001200 level.

The move continued a week of uneven trading across smaller-cap digital assets, with BONK’s volatility underscoring growing uncertainty in the meme token segment.

The token traded within a $0.00000564 intraday range, reflecting 4.7% price fluctuation as traders reacted to failed breakout attempts near upper resistance, according to CoinDesk Research's technical analysis data model.

Volume surged to 779.9 billion tokens, roughly 47% above the daily average, during a push toward $0.00001248, where resistance at the $0.00001250–$0.00001255 zone capped further advances. That rejection marked a key turning point, triggering a decline that accelerated into the afternoon.

At approximately 14:00 GMT, BONK fell sharply from $0.00001210 to $0.00001197, breaching short-term support and confirming a minor breakdown pattern. Activity remained elevated during the decline, with a 28.5 billion token volume spike signaling intensified turnover. Trading later calmed as price action consolidated near $0.00001200, while volume tapered off to 65.2 billion tokens, indicating short-term exhaustion.

Though BONK now trades roughly 42% below monthly highs, the token’s intraday recovery from its lows suggests emerging short-term stabilization. Technical indicators point to a tentative floor around $0.00001197, but momentum remains subdued unless volume reclaims its 24-hour average.

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.