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

BONK fell by 3.9% to $0.00001223 as trading volumes surged nearly 96% above the 24-hour average, indicating renewed selling pressure. The token traded within a wide range of $0.00001279 and $0.00001198, showing persistent technical weakness attributed to lack of fundamental catalysts. The breakdown through established support at $0.00001211 led to new resistance forming between $0.00001226 and $0.00001257. Trading volume peaked at 1.07 trillion tokens, signifying a major shift in market sentiment. Attempts to recover towards previous support were short-lived, as volume bursts were observed but did not sustain upward momentum. The future price direction of BONK is contingent on its ability to reclaim the $0.00001226-$0.00001230 range decisively; otherwise, a retest of the $0.00001200 level seems likely, which now serves as a new psychological floor.

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