- BONK surged 10% to $0.000027 earlier than profit-taking trimmed features, however help at $0.000024 remains to be holding robust.
- Buying and selling volumes topped the 24-hour common, signaling institutional exercise amid heightened volatility.
- Resistance at $0.000027 stays the breakout goal, with merchants looking ahead to both a clear transfer increased or short-term consolidation.
BONK delivered one in every of its greatest single-day strikes in weeks, ripping 10% increased from $0.000025 to $0.000027 within the 24 hours between Aug. 12 at 13:00 UTC and Aug. 13 at 12:00 UTC. The rally, which got here on the again of heavy participation from each retail and greater gamers, unfolded in a decent however aggressive buying and selling vary, with volatility hitting 13% over the interval.
The transfer began after BONK nailed down a agency flooring at $0.000024, sparking renewed shopping for momentum. By the early hours of Aug. 13, momentum peaked, pushing costs to the session excessive of $0.000027 between 03:00 and 04:00 UTC. Buying and selling volumes simply topped the 24-hour common of 956.8 billion tokens, an indication that this wasn’t simply low-volume noise.
Revenue-Taking Knocks Worth Off Highs
Nonetheless, holding these highs proved tough. By the U.S. morning, BONK had eased again about 1%, slipping to $0.00002646. The sharpest reversal got here at 12:52 UTC, when a 38-billion-token spike in quantity marked what regarded like profit-taking from bigger holders. Regardless of that, help at $0.000024 — the identical stage that launched the rally — stays intact, holding the bullish construction alive for now.
Including to the intrigue, this rally arrived simply days after Nasdaq-listed Security Shot revealed a $25 million allocation to BONK’s ecosystem by the Bonk.enjoyable launchpad. Whereas the timing suggests the information might have already been priced in, it underscores that BONK’s narrative now has an institutional angle, not simply meme-coin hype.
Key Ranges to Watch
For now, merchants are eyeing the identical ranges that outlined the final transfer. Help is locked in at $0.000024, with resistance sitting firmly at $0.000027. A break increased may open the door to contemporary momentum, whereas failure to carry the bottom would possibly see a retest of deeper help zones. With volatility staying elevated, the following periods may deliver both a clear breakout or a grinding consolidation earlier than the following large push.