“Bonk Stabilizes After Testing Major Support, with Institutional Traders Eyeing Potential Upside from Current Consolidation Zone”, – WRITE: www.coindesk.com
The Token Reached $ 0.000026 and Quickly Encounted Resistance at That Level, With 4.02 Trillion Tokens Canging Hands Dringing A Midday Reject that Set a Clear Technical Cerde. Technical Analysis Data Model.
From there, bonk slipped 6% to find a Floor Near $ 0.000023, WHERE 1.07 Trillion Tokens Traded As Buyers Absorbed The Sell Pressure. This Zone Has Now Emerged As A Key Support Level, Tested Multiple Times Without Breaking.
Bonk Subsequently Staged A Modest Recovery, Gaining Roughly 1% from $ 0.000024 to $ 0.00002425. The Rebound Was Fueled by Sharp Volume Spikes at 10:48 UTC and 10:49 UTC, 21.99 Billion and 31.43 Billion Tokens, Respectively, Suggesting Acuality Larger Player Players Jus.
Traders Now Face A DEFINED BATTLE LINE: Resistance Remains Fixed AT $ 0.000026, with Support Anchored AT $ 0.000023. A Sustaned Push Above $ 0.000025 Could Signal The Beginning of A More PronounCed Upward Move, While a Break of the Lower Bound Risks Risks Retesting Early-August Lows
Bonk’s Continued High Liquidity, Even Amid Recent Volatility, Underscores Its Position As One of the More Active Tokens in the Meme Coin Sector. Institute Participation Has Kept Price Action Tightly Bound, But It Has Also Increated The Potential for Sudden Breakouts Should Order Books Thin at Key Levels.
Technical Analysis
- Trading Range: $ 0.000023– $ 0.000026 Over The 23-Hour Period.
- Resistance Locked AT $ 0.000026 After 4.02t Token Sell Wall.
- Support ConfirMed AT $ 0.000023 WitH 1.07t Tokens Traded.
- PRICE CLOSED AT $ 0.00002448, Down 0.92% Over The Period.
- LATE-SESSION BUNCE FROM $ 0.000024 to $ 0.00002425 (+1%).
- Volume Spikes at 10:48 UTC (21.99b) and 10:49 UTC (31.43b) Suggest Acumulation.
- Consolidation Zone Emerging Between $ 0.000024 and $ 0.000025.
Disclaimer: Parts of this Article Were Generated with the Assistance from Ai Tools and Review by Our Editorial Team to Enseure Accucy and Adherence to Our Standards. For more information, See Coindesk’s Full Ai Policy.
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