BONK Falls 5% to $0.00001223 After Rejection at Key Resistance

BONK dropped more than 5% to $0.00001213 over the past 24 hours as the Solana-based meme token failed to sustain momentum above key resistance levels.

The decline came after a brief attempt to rally past $0.0000130, which was quickly reversed amid heavy trading activity, according to CoinDesk Research’s technical analysis data model.

Volume peaked at 813.46 billion tokens, nearly 50% above the 24-hour average. The move coincided with BONK’s sharp rejection at the $0.0000130 level, confirming short-term resistance. Following the reversal, the token slid toward $0.00001223, where short-term support formed to prevent a deeper decline.

Intraday volatility reached 6.6%, with price oscillations confined within a $0.0000086 range. Hourly data shows a brief rebound from $0.00001280 to $0.00001301, followed by a swift retracement that erased most gains as momentum weakened.

While broader market sentiment stabilized, BONK’s price action reflected continued uncertainty typical of meme tokens. The rejection pattern reinforced the prevailing downtrend, suggesting consolidation may persist between $0.00001223 and $0.00001295 unless volume expansion supports a breakout attempt.

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.