BONK Slides Toward Lower Range as Volatility Expands
BONK, a Solana-based memecoin, experienced a decline toward the lower end of its recent trading range after failing to hold higher intraday levels during a session marked by high volume. The token's price traded down to around $0.0000087, with volume expanding sharply around resistance near $0.0000090. Throughout the day, BONK moved through a wide intraday range and settled near recent lows, reflecting heightened volatility rather than a clear directional trend.
The token stabilized near $0.0000086–$0.0000088, which has served as a short-term reference zone in recent sessions. Its price remains below prior support levels that have been capping upside attempts, showing consolidation near the lower end of the range. Short-term resistance around $0.0000090 remains a significant hurdle; reclaiming levels above this resistance is necessary to suggest a trend shift. Elevated trading volume underscores the market's sensitivity around this nearby resistance as BONK continues to oscillate within a defined range.
