BONK Declines 5% to $0.00001223 as Resistance Holds

BONK experienced a 5% decline to $0.00001223 after struggling to breach the resistance at $0.0000130. This drop was accompanied by a significant surge in trading volume, which rose nearly 48% above the daily average during the failed breakout attempt. The token briefly tested the $0.0000130 level but faced a sharp rejection, leading to a pullback towards the short-term support level of $0.00001223. This volatility reflects the ongoing uncertainties within the Solana ecosystem and suggests that unless there is an increase in trading volume to support another breakout, BONK may continue to consolidate between $0.00001223 and $0.00001295. The intra-day volatility was reported at 6.6%, with price fluctuations remaining within a narrow range of $0.0000086. Overall, the rejected rally has reinforced a downtrend pattern for the token, making its future movements uncertain.

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