BONK Drops 3.9% to $0.00001223 on Heavy Volume as Technical Weakness Persists

BONK experienced a decline of 3.9%, settling at $0.00001223 amid increased trading activity and renewed selling pressure. Trading volume surged nearly 96% above its 24-hour average, confirming a breakdown through a key support level of $0.00001211, which had remained intact over the preceding week. This breach established a new psychological support at $0.00001200, while the former support range of $0.00001226–$0.00001257 transformed into immediate overhead resistance. The token's fluctuations within a wide intraday range, between $0.00001279 and $0.00001198, indicated ongoing technical weaknesses rather than any significant fundamental triggers. Notably, substantial volume bursts were recorded at specific times, indicating continued distribution. As BONK now trades near its lower boundary, its next direction hinges on the possibility of reclaiming the $0.00001226–$0.00001230 range with strong volume; otherwise, a retest of the $0.00001200 level could occur, anchoring the short-term outlook.

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