In the past 24 hours, BONK surged over 9%, climbing from $0.000022 to a peak of $0.000024. This volatility was highlighted by significant trading activity early in the morning, as noted by CoinDesk Research’s analysis.

Key Points:

• BONK hit a high of $0.000024 amidst strong trading.
• Resistance was established at $0.000024 after multiple high-volume rejections; support was found at $0.000023.
• The interest in memecoins is shifting, with traders moving towards newer tokens that promise better returns.

Despite being heavily traded, BONK and Dogecoin are now facing competition from newer contenders like LayerBrett and Little Pepe, which are attracting attention by offering innovative staking mechanisms.

Technical Analysis

• BONK’s price increased from $0.000022 to $0.000024 in just one day, showcasing its dynamic market presence.
• Peak trading volume reached 1.2 trillion tokens, indicating robust demand during key breakout attempts.
• Upcoming support sits at $0.000023, while resistance remains firm at $0.000024.

Disclaimer: Portions of this article were generated with AI tools while being reviewed for accuracy.