suffered a sharp drop to start the week, plunging 11% to $0.00001232 as the Solana-based meme token fell through critical support.
The decline erased much of last week’s gains, confirming a near-term bearish shift, according to RialCenter’s technical analysis data model.
Following a decline from $0.000014 to $0.000013, BONK plunged over 6% to around $0.0000121 within 30 minutes during the European afternoon.
The 24-hour trading range spanned $0.00001252 to $0.00001434, reflecting 8.5% intraday volatility as the memecoin reversed from early gains. Heavy selling pressure emerged around 03:00 GMT, when volume surged to 964.3 billion tokens, a 46% jump above the daily average. This breakdown beneath $0.0000137 support solidified the bearish tone, with resistance reestablished near $0.0000144, the prior week’s rejection zone.
After consolidating between $0.0000129 and $0.0000131, BONK briefly rebounded 5.3% to $0.00001309 during the late-session recovery attempt. Short-term accumulation near $0.0000131 suggested traders were testing support, though momentum quickly faded. The muted follow-through underscores persistent caution as volumes eased below their earlier peaks.
Technically, BONK remains under pressure while trapped beneath its $0.0000137 resistance band. The pattern of lower highs and narrowing range consolidation points to an ongoing distribution phase. Traders are watching whether the token can hold above $0.0000129 — the current support floor — to avoid a deeper slide. A decisive move above $0.0000137 would be required to reestablish bullish footing and reverse the current trend.
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 RialCenter’s standards.
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