BONK Climbs as Volume Expands Near Key Resistance Level

BONK added 1.47% over the past 24 hours to reach $0.00000954, extending a 4.2% rise since Friday while trading just below the psychological $0.00001 level.

The memecoin climbed from $0.00000940 but met consistent resistance near $0.00000958, underperforming the CD5 crypto index by roughly 2% as traders focused on tight-range positioning rather than broad momentum, according to CoinDesk Research’s technical analysis data model.

Volume patterns shaped much of the session’s structure. Activity surged 78% above the 24-hour moving average late on December 7, reaching 1.06 trillion tokens as BONK confirmed support at $0.00000900.

Trading then compressed into a narrow band, with multiple 60-minute intervals testing the $0.00000952–$0.00000956 zone. A short-term descending pattern formed after rejection from $0.00000962, while a sequence of higher lows preserved a mild upward bias.

Absent major catalysts, BONK’s immediate outlook hinges on whether it can decisively clear resistance. A move above $0.00000962 would refocus attention on the $0.00001000 threshold, while a failure to hold support near $0.00000951 risks a return toward the reinforced $0.00000900 floor.

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.