- BONK dropped 2.1% after failing once more to interrupt the $0.00001090 resistance stage.
- Quantity spiked 58% throughout a rejection, signaling sturdy promote strain on the prime quality.
- Assist sits at $0.00001050–$0.00001040; a bullish reversal requires reclaiming $0.00001090 with quantity.
BONK eased to $0.00001073 on the day, sliding 2.1% as one more try and push above the cussed $0.00001090 resistance zone fell flat. The memecoin has been constantly underperforming broader crypto benchmarks, trailing them by roughly 3.5 proportion factors in response to CoinDesk Analysis’s technical mannequin. Whereas large-cap property noticed modest good points, BONK continued its multi-session drift decrease.
Quantity Spikes Reveal Heavy Promoting on the Prime of the Vary
Buying and selling exercise jumped sharply, rising 11.46% above BONK’s weekly common to 557.6 billion tokens. An enormous surge close to 16:00 UTC spiked turnover to 879 billion — 58% above typical session ranges — proper as BONK was rejected on the high of its buying and selling band as soon as once more. That surge marked aggressive vendor presence, pushing BONK off its highs and setting the tone for the rest of the session.
After a number of unsuccessful rebound makes an attempt, BONK slipped below $0.00001080, confirming the persistent lower-high sample that has outlined its November chart. The sharpest drop of the session got here throughout a transfer from $0.00001085 all the way down to $0.00001072, backed by 63.3 billion in quantity — one other sign that sellers are stepping in rapidly at any time when value exhibits power.
Key Ranges to Watch Shifting Ahead
Assist continues to sit down within the $0.00001050–$0.00001040 area, the place consumers have been defending the decrease fringe of the vary. A deeper breakdown may strain BONK into retesting early-November lows. On the flip aspect, any credible restoration would require a clear reclaim of $0.00001090, ideally backed by rising quantity and a break within the lower-high construction.
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