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

BONK declined by 3.9% to $0.00001223 amid heightened trading activity, with volume surging nearly double the 24-hour average. This decline came after a breakdown below key support levels, with the support at $0.00001211 failing and new resistance forming around $0.00001226. The trading price fluctuated between $0.00001279 and $0.00001198 during the day, showcasing persistent technical weakness without clear fundamental causes. With trading volumes spiking to 1.07 trillion tokens, it confirmed continued selling pressure. The failure to reclaim the $0.00001226-$0.00001230 range indicates a potential test of the $0.00001200 level, which has become crucial for short-term outlooks.

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