Memecoin BONK Tests $0.00002640 Resistance on Rising Volume
Memecoin BONK rose 1.7% over 24 hours on the Solana blockchain. The price fluctuated between $0.00002485 and $0.00002645, with total trading volume surpassing 1.09 trillion tokens. Heavy sell orders capped gains at the $0.00002640 resistance level, while support held around $0.00002550–$0.00002610. Elevated liquidity in the $0.00002580–$0.00002610 band and volume spikes highlight growing trader interest. A failed breakout above $0.00002615 triggered a pullback, as institutional players remain cautious amid broader market volatility. Traders now await a clear breakout above $0.00002640 to confirm bullish momentum; otherwise, BONK could stay range-bound.
Neutral
The news shows that BONK’s price briefly gained 1.7% but was repeatedly capped by heavy sell orders at the key $0.00002640 resistance, keeping the token range-bound. High trading volume and liquidity suggest growing trader interest that could support a bullish breakout. However, without a decisive move above resistance, short-term momentum remains constrained, leading to potential pullbacks on failed breakout attempts. Over the longer term, a successful breach could drive stronger upside, but failure to clear the level is likely to result in consolidation around current prices.