BONK drops 6.2% as elevated volume marks shift at key technical levels

BONK fell 6.2% over the past 24 hours, sliding to around $0.000008331.

The move unfolded within a $0.000001202 range, representing roughly 13% intraday swings as speculative positioning unwound, according to CoinDesk Research’s technical analysis data model.

Price had firmer footing during the Asian morning, with BONK briefly dipping to $0.000007941 before rebounding sharply. The bounce carried the token above $0.000008300, suggesting demand emerged at lower levels despite the broader downtrend.

Short-term price action shows BONK consolidating after the rebound, with overhead resistance clustered near $0.0000084–$0.0000085 and deeper support defined near the session low. Until the token can reclaim the $0.0000091 area, trading conditions remain consistent with stabilization following a sharp sell-off rather than a confirmed trend reversal.

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.