Key Points

• Price Increase: BONK saw a 1.7% rise in the last 24 hours, hitting $0.00002626.
• Resistance Level: The major resistance is firmly at $0.00002640, limiting further advances.
• Trading Volume Surge: Over 1 trillion tokens changed hands during recovery phases.

Current Overview

BONK, a memecoin on the Solana blockchain, is having a strong performance, increasing by 1.7% within the last 24 hours to reach $0.00002626. The token encountered fluctuations within a 4% trading range, recording a high of $0.00002645 and a low of $0.00002485, resulting in a spread of $0.00000160, as outlined by CoinDesk Research’s technical analysis.

Current trading dynamics indicate that while the token has overcome lows, it struggles against selling pressure at the $0.00002640 mark. Notably, a volume spike was noted as the price fluctuated, with over 1 trillion tokens traded as buyers remained active.

Chart Analysis

BONK-USD, Aug. 8, 2025

The token’s resistance, as confirmed during trading, is consistent and has been tested multiple times, indicating strong market sentiment around this level. Despite minor pullbacks below $0.00002600, the overall support remains robust in the region of $0.00002550 to $0.00002600.

For further insights, visit CoinDesk.