BONK Falls 5% to $0.00001223 After Rejection at Key Resistance
BONK declined 5% to $0.00001223 after failing to breach resistance near $0.0000130, accompanied by a trading volume spike of 48% above the daily average during the pullback. The price tested support at $0.00001223 following a brief rally attempt that was quickly reversed amid increased trading activity. Technical analysis indicated that this rejection at $0.0000130 confirmed short-term resistance and asserted a prevailing downtrend. Intraday volatility recorded at 6.6% showcased price fluctuations within a $0.0000086 range. After a temporary rebound from $0.00001280 to $0.00001301, gains were eroded swiftly as selling pressure intensified, highlighting ongoing uncertainty typical of meme tokens. This price action suggests possible consolidation between $0.00001223 and $0.00001295 unless future volume supports a breakout attempt.
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