BONK Tests Support as Volume Surges 122% in Solana Selloff

BONK-USD extended its slide Tuesday, falling 3.4% to $0.0000143 as the Solana-based meme token succumbed to renewed downard pressure across the broader ecosystem.

The decline marked a decisive break below $0.0000146 support, a key level that had held for much of the past week, confirming a short-term bearish structure, according to CoinDesk Research's technical analysis data model.

The 24-hour trading range spanned roughly $0.0000090, reflecting 6.2% intraday volatility typical of BONK’s highly speculative nature. Volume surged to 1.26 trillion tokens around 20:00 GMT, representing a 122% increase over the 24-hour average — a signal that institutional and algorithmic traders were active during the breakdown.

After peaking near $0.0000152, BONK failed to sustain its gains, printing a series of lower highs between 19:00 and 21:00 GMT before cascading toward the $0.0000143 zone.

Despite the weakness, buying interest emerged late in the session as volume spikes between 01:32 and 01:50 GMT brought modest relief. The token rebounded slightly to $0.0000143291, forming a higher low near $0.0000142930, which suggests early base-building at support.

The token’s immediate focus now lies within the $0.0000143–$0.0000144 consolidation band, with upside momentum capped by resistance at $0.0000144018 and $0.0000146.

Traders expect continued range-bound activity, with tactical opportunities for accumulation near current levels.

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.