BONK began the week on a highly unstable footing, achieving a notable high of $0.00002841 before experiencing a 8% decline. The rapid increase was noted as one of the most significant moments for the token in recent weeks, encountering intense trading activity that swiftly nullified its gains, according to CoinDesk Research’s technical analytics.

Key Highlights:

• BONK reached its peak at $0.00002841 prior to falling to $0.00002554 amidst substantial institutional trading volumes.
• Liquidation amounts surged to 2 trillion tokens during synchronized sell-offs.
• A brief recovery took place around 13:00 UTC, spurred by news that a publicly traded company is considering establishing a BONK treasury.

What’s Next?

Despite the overhead resistance at $0.00002854, holding steady support levels could be crucial for BONK as it attempts to regain momentum in a positive market climate.