BONK-USD reversed a few of its losses from earlier within the week, rising 4.6% to $0.00001394 in a bullish motion that prolonged the meme token’s restoration streak. The Solana-based asset constructed regular upward momentum, marking a breakout above $0.00001380 and printing a brand new native excessive close to $0.000013968.
The 24-hour buying and selling vary tightened between $0.00001281 and $0.00001410, reflecting managed volatility as the worth trended greater by way of consecutive greater lows, in line with CoinDesk Analysis’s technical evaluation knowledge mannequin.
Quantity jumped 67% above the 24-hour common, reaching 1.15 trillion tokens, confirming sturdy participation behind the transfer.
Market sentiment reveals indicators of shifting towards cautious optimism, with merchants eyeing $0.00001400–$0.00001410 as the following resistance band to beat. The worth motion stays supported by an outlined ascending construction, bolstered by agency shopping for curiosity at $0.00001375–$0.00001380, the place the breakout started.
If BONK maintains momentum above its current breakout zone, it may goal greater ranges within the brief time period. Nevertheless, a sustained shut under $0.00001380 would threat reintroducing range-bound habits. With each volatility and quantity increasing, BONK’s setup favors continued upside as speculative curiosity returns to the meme coin section heading into November.
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