BONK Declines 5% to $0.00001223 as Resistance Holds and Volume Surges 48%

BONK has seen a 5% decline, dropping to $0.00001223 after failing to break through a key resistance level around $0.0000130. This downturn occurred alongside a significant rise in trading volume, which surged nearly 50% above the daily average during this period. The price tested the $0.00001223 support level, reflecting heightened volatility within the Solana ecosystem. After a failed attempt to rally past $0.0000130, the token quickly reversed direction, confirming short-term resistance. Volume peaked at 813.46 billion tokens, indicating strong trading activity amid this pullback. The intraday volatility reached 6.6%, with price movements contained within a $0.0000086 range. Following a brief rebound, most gains were erased as the momentum weakened, leading to consolidatory price action between $0.00001223 and $0.00001295 unless a breakout is supported by further volume expansion. The current market sentiment towards BONK remains cautious, typical of meme tokens, as it seeks to navigate these fluctuations.

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