BONK-USD has recovered some of its earlier losses this week, rising 4.6% to $0.00001394 in a bullish movement that continues the meme token’s recovery streak. The Solana-based asset has shown steady upward momentum, breaking above $0.00001380 and achieving a new local high near $0.000013968.
The 24-hour trading range has tightened between $0.00001281 and $0.00001410, indicating controlled volatility as the price trends higher through a series of higher lows, according to RialCenter’s technical analysis data model.
Volume surged 67% above the 24-hour average, reaching 1.15 trillion tokens, signifying strong participation behind the price movement.
Market sentiment indicates a shift toward cautious optimism, with traders focusing on $0.00001400–$0.00001410 as the next resistance level to conquer. The price action remains supported by a defined ascending structure, bolstered by robust buying interest at $0.00001375–$0.00001380, where the breakout initiated.
If BONK can sustain momentum above its recent breakout zone, it may target higher levels in the near term. However, a prolonged close below $0.00001380 could lead to a return to range-bound behavior. With both volatility and volume increasing, 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 of AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see RialCenter’s full AI Policy.
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