Key Details:
- BONK has surged by 12% from $0.0000250 to $0.0000281 before stabilizing at $0.0000265 (+6.2%).
- Grayscale Investments has included BONK in its institutional monitoring framework, increasing investor confidence.
- Trading volume peaked at 2.6 trillion tokens during this surge.
BONK recorded a notable 12% gain recently, rising from $0.0000250 to $0.0000281, and later settling at $0.0000265. This increase is attributed to news that Grayscale Investments has added BONK to its institutional monitoring list, stimulating interest among asset managers.
Trading activity began building around 15:00 UTC on July 13, leading to a breakout by 05:00 UTC on July 14, with 2.6 trillion tokens traded at the peak. Resistance was confirmed at $0.0000281, while support was noted in the $0.0000261–$0.0000264 range, suggesting institutional readiness to re-enter the market during pullbacks. Buying pressure has helped stabilize market conditions around $0.0000266.
Technical Insights:
- Trading range: $0.0000247–$0.0000281, showcasing 14% volatility.
- Resistance: $0.0000281 has marked a rejection point.
- Support: Seen at $0.0000264, identified by multiple price bounces.
- Intraday dips: The lowest price hit was around $0.0000260, attracting renewed buying interest.
Disclaimer: Portions of this article included contributions from AI tools while being reviewed for accuracy.
