Share this article

BONK Retreats as Resistance Rejection and Rising Volume Stall Uptrend

BONK slipped back into its lower range after multiple failed pushes toward $0.00001090, with elevated trading activity underscoring consolidation.

Nov 17, 2025, 12:34 p.m.
BONK-USD, Nov. 17 (CoinDesk)

What to know:

  • BONK underperformed broader crypto benchmarks, continuing a multi-session relative weakness trend.
  • A major volume spike — 58% above session norms — aligned with resistance rejection near $0.00001090.
  • Price remains range-bound, with support clustered at $0.00001050–$0.00001040 and no clear catalyst for reversal.

BONK eased to $0.00001073, down 2.1% over the latest 24-hour window, as another attempt to reclaim higher ground faltered beneath the familiar $0.00001090 resistance band.

The token lagged broader crypto benchmarks by roughly 3.5 percentage points, extending a multi-session trend of relative underperformance even as major assets posted modest gains, according to CoinDesk Research's technical analysis data model.

STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters

Volume picked up sharply, rising 11.46% above BONK’s weekly average to 557.6 billion tokens. A major spike at 16:00 UTC pushed turnover to 879.0 billion — around 58% above typical session levels — coinciding with yet another rejection at the upper end of the range. Trading then shifted decisively lower, with BONK slipping through $0.00001080 after several failed rebounds.

A brief move from $0.00001085 to $0.00001072 marked the session’s sharpest decline, supported by 63.3 billion in volume and reinforcing the lower-high pattern that has shaped BONK’s chart throughout November. Support remains concentrated around $0.00001050–$0.00001040, while a sustained recovery would require a break back above $0.00001090 on strengthening volume.

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.

More For You

Accelerating Convergence Between Traditional and On-Chain Finance in 2026?

More For You

Ark Invest's Cathie Wood says bitcoin will thrive amid ‘deflationary chaos’ created by AI and innovation

Ark Invest CEO Cathie Wood in a conversation with ProCap Financial CEO Anthony Pompliano at the Bitcoin Investor Week in New York. (CoinDesk)

Exponential tech will force down prices and stress legacy finance, for which bitcoin offers a trustless alternative, said Wood at Bitcoin Investor Week.

What to know:

  • Cathie Wood argues that bitcoin is a hedge not only against inflation but also against a coming wave of technology-driven, productivity-led deflation.
  • She says rapid cost declines in artificial intelligence and other exponential technologies will trigger "deflationary chaos" that traditional financial institutions and the Federal Reserve are unprepared for.
  • In her view, bitcoin’s decentralized design and fixed supply make it a safer alternative to fragile, debt-based financial systems that could be strained by deflation and disrupted business models.