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BONK Declines 5% to $0.00001223 as Resistance Holds

BONK experienced a 5% decrease, settling at $0.00001223, after a failed attempt to surpass the $0.0000130 resistance level. Trading volume surged by 48% above its daily average during this downturn, highlighting significant trading activity amid the price reversal. Following a brief rally past the resistance, the price quickly dropped, confirming short-term resistance. The token tested support at $0.00001223, which previously prevented a more substantial decline. Intraday volatility reached 6.6%, with oscillations confined within a $0.0000086 range. Despite brief recoveries, momentum weakened, reinforcing a prevailing downtrend. Market sentiment appeared stabilizing, yet BONK's price action reflected ongoing uncertainty typically seen with meme tokens. The rejection pattern indicates potential consolidation between $0.00001223 and $0.00001295, unless increased volume supports a future breakout attempt.

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