“Solana-Based Memecoin Gains 1.7% Amid Volatile Trading, Approaching A Major Resistance Zone on Strong Volume.”, – WRITE: www.coindesk.com
The Token Traded Within A 4% Range, with A High of $ 0.00002645 and A Low of $ 0.00002485, Production A $ 0.00000160 Spread, Accounting To Condesk Resaarch’s.
The Price Rebounded from the Low at 16:00 UTC on Aug. 7, MOVING TOWARD THE PEAK Durying the European Morning on Friday. This Recovery Phase Saw Total Volume Surge Above 1.09 Trillion Tokens, Greater Than the Daily Average. However, Momentum Stalled At $ 0.00002640, Whore Repeated Sell Orders Capped Upward Moves.
Bonk Subsequently Held Above $ 0.00002600 Despite Brief Dips. A Volume Spike of 48.86 Billion Tokens at 12:07 UTC Coincides With A Failed Breakout Attempt Past $ 0.00002615, Reinforcing The Establised Resistance Zone. Bonk May have Consolidated Below $ 0.00002630 For Now, Leaving Traders Focused On Who’s The Token Can Break Higher or Face Renewed Selling Pressure.
Market Sentiment Across MemeCoins Remains Cautious Amid Broader Crypto Volatility. Institutional Flows Have SHOWN SIGNS INTO more ESTABLISHED Assets, But Bonk’s Sustaned Support at $ 0.00002550- $ 0.00002600 Sugggests Buyers Remain Actifical.
Technical Analysis
- Trading Range of 4% Spanned $ 0.00002485 to $ 0.00002645.
- Resistance ConfirMed Multiple Times at $ 0.00002640.
- Support Zone Establized AT $ 0.00002550– $ 0.00002600.
- Volume Spike of 1.09 Trillion Tokens Durying Rally Phase.
- Failed Breakout at $ 0.00002615 Led to Pullback.
- Elevated Liquidity Observed in the $ 0.00002580– $ 0.00002610 Band.
- Intraaday volattiiness Produced Several Lower Highs After Peak.
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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