BONK Drops 3.9% as Technical Weakness Persists

BONK fell 3.9% to $0.00001223 on November 13, driven by significant selling pressure and increased trading volume. The trading volume surged 96% above average, peaking at 1.07 trillion tokens as the price broke through a key support level at $0.00001211, which had held for the previous week. This breach has created new resistance in the $0.00001226–$0.00001257 range, with the next psychological support now at $0.00001200. During the trading day, BONK oscillated between $0.00001279 and $0.00001198, reflecting ongoing technical weakness without clear fundamental catalysts. Attempts to recover towards prior support were short-lived, suggesting limited buying interest as the token continued to trade near its lowered boundary. Future price movements hinge on BONK's ability to reclaim the resistance band around $0.00001226–$0.00001230, as failure to do so could initiate further declines towards the $0.00001200 level. This market activity illustrates the challenges facing BONK amidst prevailing bearish sentiments.

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