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

BONK experienced a decline of 3.9%, bringing its price down to $0.00001223 as trading volume surged nearly 96% above the average for the past 24 hours. This drop occurred after a critical level of support at $0.00001211 was breached, which had remained intact for the preceding week. The token fluctuated between $0.00001279 and $0.00001198 during the trading session, indicating a significant intraday range amid ongoing technical weakness. Trading volume reached up to 1.07 trillion tokens, indicating heightened selling pressure. The failure to maintain support has set new resistance levels between $0.00001226 and $0.00001257, while the next psychological support is at $0.00001200. Intraday trading data shows that attempts to recover toward previous support quickly faltered, suggesting a cautious market sentiment and a limited appetite for reversal. The future direction for BONK depends on its ability to reclaim the resistance band, with a failure likely leading to further declines.

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