BONK Rises 1.7% as Breakout Momentum Holds

BONK gained 1.7% to $0.00001332 in the last 24 hours, extending its recent breakout move while testing higher resistance levels.

The Solana-based meme token traded in a tight upward channel after breaking decisively through the $0.00001320 threshold, sustaining its bullish structure through moderate volatility, according to CoinDesk Research’s technical analysis data model.

Volume provided a strong technical confirmation of the move, with 850.8 billion tokens traded — an 82% increase above the daily average of 467 billion.

Intraday data shows a series of rapid surges, including a 14.2 billion-token spike during the late-session rally phase, followed by moderate pullback activity as short-term profit-taking emerged. BONK remains positioned within an ascending channel structure, supported by higher lows forming around $0.00001300–$0.00001327, suggesting continued consolidation potential before the next directional move.

Technical indicators point to a stable mid-channel alignment near $0.00001332, with renewed upside momentum requiring sustained volume above 500 billion tokens and a confirmed break over $0.00001350 resistance.

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.