“BONK climbs above $0.00001380 resistance with 67% volume surge as meme token rallies towards new short-term highs.”, — write: www.coindesk.com
The 24-hour trading range tightened between $0.00001281 and $0.00001410, reflecting controlled volatility as the price trended higher through consecutive higher lows, according to CoinDesk Research’s technical analysis data model.
Volume jumped 67% above the 24-hour average, reaching 1.15 trillion tokens, confirming strong participation behind the move.
Market sentiment shows signs of shifting towards cautious optimism, with traders eyeing $0.00001400–$0.00001410 as the next resistance band to overcome. The price action remains supported by a defined ascending structure, reinforced by firm buying interest at $0.00001375–$0.00001380, where the breakout began.
If BONK maintains momentum above its recent breakout zone, it could target higher levels in the short term. However, a sustained close below $0.00001380 would risk reintroducing range-bound behavior. With both volatility and volume expanding, BONK’s setup favors continued upside as speculative interest returns to the meme coin segment heading into November.
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.
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ICP bounces 1.04% to $2.94, reversing part of its recent decline as traders return and buying activity strengthens above key support.
- ICP rose 1.04% to $2.94, reclaiming ground lost earlier in the week.
- Volume increased 20% above its weekly average, confirming renewed buying interest.
- Price broke through $2.92 resistance, opening potential upside toward $3.00.
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