BONK Climbs 2.8% as Price Consolidates Above $0.000012 Support

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.

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