Overview
BONK, the meme-focused cryptocurrency native to Solana, has dropped nearly 5% in value within the past 24 hours. Throughout this period, it fell from $0.000028 to $0.0000266.
Key Points
- The price briefly recovered to $0.0000275 mid-morning in the U.S.
- Resistance held firm at $0.000029, while support at $0.000026 shows a weakening trend.
Market Performance
During this drop, a high trading volume of 764.44 billion tokens was noted, indicating strong selling pressure among major holders. The selloff extended into the European afternoon, with further declines occurring, creating a bearish pattern indicating a movement towards a significant support region at $0.000025.
Technical Snapshot
- 7% drop registered from $0.000028 to $0.000026.
- Vulnerabilities observed at $0.000026 with trading spikes above 1.17 trillion tokens did not reverse the downward trajectory.
- Recent activity demonstrated a drop from $0.000026 to $0.0000254 throughout the closing hours of trading.
Reflecting a more cautious sentiment, recent U.S. tariffs on imports have contributed to a heightened risk-off atmosphere, compelling investors to shy away from riskier assets such as cryptocurrencies.
Disclaimer
Sections of this article have been generated using AI tools, emphasizing a collaborative approach with editorial input to ensure factual integrity and adherence to ethical standards.
