• BONK gained 4.6% to $0.00001394, breaking out above key resistance.
• Buying and selling quantity surged 67%, confirming rising dealer participation.
• Sustaining above $0.00001380 may arrange a transfer towards $0.00001450+.
Solana’s main meme coin BONK (BONK-USD) has flipped bullish once more, gaining 4.6% to achieve $0.00001394 and increasing its latest restoration streak. The rebound marks a breakout above $0.00001380, the place the token established robust shopping for assist, and a brand new native excessive close to $0.000013968 has emerged.
In response to CoinDesk Analysis’s technical mannequin, BONK’s 24-hour buying and selling vary tightened between $0.00001281 and $0.00001410, exhibiting a extra managed volatility part regardless of greater market participation. Merchants look like regaining confidence, as BONK continues to print consecutive greater lows, forming a stable ascending construction.
Quantity and Sentiment Present Recent Optimism
Buying and selling exercise surged sharply, with quantity up 67% in comparison with the 24-hour common, totaling round 1.15 trillion tokens. This uptick confirms renewed curiosity in BONK and the broader meme coin area, notably amongst speculative merchants seeking to trip early momentum into November.
Sentiment throughout Solana-based meme belongings has additionally improved, with cautious optimism returning to the market. Merchants are actually specializing in the $0.00001400–$0.00001410 resistance vary as the following key goal for BONK to breach.
Key Ranges to Watch
If BONK can maintain momentum above $0.00001380, it may push greater towards $0.00001450 and past within the quick time period. Nevertheless, a failure to carry that breakout stage may ship the token again into range-bound consolidation, erasing latest good points.
For now, technical construction and liquidity favor additional upside, supported by rising speculative quantity and increasing volatility. BONK’s resilience amid broader market weak point has positioned it as one of many few meme tokens with short-term breakout potential.
Meme Coin Market Regains Consideration
As meme coin buying and selling reawakens heading into November, BONK’s latest strikes counsel a potential sector rotation towards high-volume speculative belongings. Whereas threat stays excessive, BONK’s present setup displays wholesome market participation and a steadily bettering sentiment that might carry over into the following week’s periods.
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