BONK traded under sustained selling pressure on Wednesday falling 3.9% to $0.00002383 in 24 hours.
The Solana-based memecoin swung between a high of $0.00002486 and a low of $0.00002360, a range that translated to 50.3% volatility, well above the altcoin average, according to CoinDesk Research’s technical analysis data model.
Multiple attempts to reclaim higher ground were rejected near the $0.00002480 resistance zone, where persistent selling capped intraday rallies.
Volume surged to 682.03 billion tokens during the 21:00 UTC hour on Aug. 5, coinciding with price stabilization near $0.00002360, a level that saw repeated intervention by buyers.
The token saw a sharp 0.53% rebound during the European afternoon on Wednesday, rising from $0.00002374 to $0.00002387. The gain came after the token dipped to $0.00002361. Volume exceeded 35 billion tokens between 13:36 and 14:04 UTC, indicating a blend of institutional accumulation and possible short covering as traders repositioned.
Technical
We współpracy z: https://www.coindesk.com/markets/2025/08/06/bonk-drops-4-with-volatility-exceeding-altcoin-average
