Markets, AI Market Insights, Technical Analysis, News BONK posts its strongest daily rally in weeks, hitting $0.000027 before selling pressure caps gains.
BONK posted one of its most significant intraday rallies in recent weeks, climbing 10% from $0.000025 to $0.000027 during the 24-hour period from Aug. 12 at 13:00 UTC to Aug. 13 at 12:00 UTC..
The Solana-based meme token traded in a $0.000031 range, representing 13% volatility, as traders capitalized on short-term momentum, according to CoinDesk Research’s technical analysis data model.
The rally began after BONK established solid support at $0.000024, with buying interest intensifying. Momentum carried through to the early hours of Aug. 13, where the token reached its daily high of $0.000027 between 03:00 and 04:00 UTC.
Trading volumes consistently outpaced the 24-hour average of 956.8 billion tokens, signaling strong participation from both retail traders and larger market players.
However, the gains proved difficult to sustain.
BONK reversed by 1% during the U.S. morning, slipping from $0.000027 to $0.00002646. The heaviest selling pressure came at 12:52 UTC, when a sharp decline accompanied a 38-billion-token volume spike, suggesting profit-taking by larger holders.
As background, BONK’s trading activity comes days after Nasdaq-listed Safety Shot disclosed a $25 million allocation to the token’s ecosystem via Bonk.fun’s launchpad platform. While that announcement preceded this rally, it underscores institutional interest in the project.
With support still intact at $0.000024 and resistance firmly established at $0.000027, traders will be watching closely to see if BONK can break higher in the coming sessions or consolidate before its next major move.
Technical Analysis
- Support zone: $0.000024 held throughout early trading.
- Resistance peak: $0.000027 tested between 03:00-04:00 UTC on August 13.
- Total range: $0.000031, representing 13% volatility.
- Average daily volume: 956.8B tokens; exceeded during most of the rally.
- Largest selling spike: 38B tokens at 12:52 UTC during 1% pullback.
- Late-session decline: $0.000027 to $0.00002646 in the final hour.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
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